New Energy Equity
End-to-end solar project development, financing, engineering and management for commercial & community clients
About New Energy Equity
A wholly owned subsidiary of utility company ALLETE since 2022, the firm evolved from a scrappy solar startup into a national player.
Guides projects from land acquisition to commissioning with a full in
house team (engineering, development, project management, legal, finance, construction).
Financing expertise: sources 100% of project funding through debt, equity, PPAs, leases, or hybrid structures, and operates its own investment fund.
Energy Support Services, founded in 2014, provides O&M and asset management to ensure system reliability and stable investor returns.
Pipeline includes 2 GW of projects and $650M+ in transaction value, led by CEO Matt Hankey.
Serves commercial, industrial, government, and educational institutions with long
term clean
energy contracts.
Culture & Values
We’re all in
Top of our game
Lift As We Climb
Environment & Sustainability
Generated clean energy equivalent to avoiding CO₂ emissions from over 37 million gallons of gasoline, 763,000 barrels of oil, or powering 64,000 homes annually.
Ranked among the top national solar developers (#7) and contractors (#8) as recognized by Solar Power World.
