Bildmore Clean Energy

Bildmore Clean Energy is a private investment firm specializing in minority structured equity investments in U.S. renewable energy projects, particularly utility-scale storage solutions. The firm focuses on assisting project developers and sponsors in efficiently leveraging tax-related incentives provided by the Inflation Reduction Act (IRA) and the One Big Beautiful Bill Act (OBBBA). By offering alternative capital sources, Bildmore aims to enhance project economics by reducing required net investments and increasing internal rates of return through optimized tax credit monetization.

The firm's investment strategy targets ready-to-build utility-scale projects, with a particular emphasis on battery energy storage systems (BESS) and solar projects eligible for Investment Tax Credits (ITC) or Production Tax Credits (PTC). Additionally, Bildmore considers investments in wind, renewable natural gas (RNG), and other energy projects. The firm is open to projects with uncontracted offtake or merchant exposure, sponsors with experienced teams lacking a track record together, and projects without the deep balance sheets typically required for traditional tax equity investments.

Bildmore's flexible investment terms include varied investment sizes, percentages of fair market value step-ups, allocations of tax credit proceeds, depreciation choices, expected flip dates, sponsor buyout rights, and sponsor technology selection and revenue strategies. The firm typically does not require upstream parent guarantees, as tax credit buyers are protected by comprehensive tax insurance. Bildmore is well-suited for developers seeking to maximize third-party debt and equity capital, enabling them to allocate their own limited capital across more projects. The firm is also flexible in how losses and other tax attributes can be allocated to sponsors to reduce taxes on step-up gains.

In March 2025, Bildmore Clean Energy closed a $53 million preferred equity commitment with Peregrine Energy Solutions for a 150 MW battery energy storage project under construction. Concurrently, Peregrine secured a $115 million bridge financing facility from First Citizens Bank and Nomura Securities International, Inc. The project is targeted for completion in the fourth quarter of 2025. This partnership exemplifies Bildmore's commitment to supporting innovative financing solutions in the clean energy sector.

Looking ahead, Bildmore Clean Energy continues to grow and is seeking experienced team members to join its fast-paced startup culture in Houston. The firm aims to invest in 10-15 projects annually, targeting 3,000 to 5,000 MW of projects within the next 24 to 36 months. Bildmore maintains an active presence at industry conferences, fostering connections with sponsors, investment banks, legal and tax advisors, and tax credit intermediaries interested in exploring tax funding alternatives for themselves or their clients.