Aspen Power did not show up to make noise. It showed up to make electrons behave, capital behave, and markets behave, which is harder than it sounds and way more interesting. Founded in 2020 and incubated inside Energy Impact Partners, when $2.5B+ was already moving through the decarbonization bloodstream, this platform was built with intention, not vibes. You can feel it in the way the company moves, steady, disciplined, allergic to shortcuts, allergic to chaos.
The founding lineup matters. Jorge E. Vargas, Scott Delaney, David Berv, Dan Gulick, and Jackson Lehr came in carrying $1B+ in renewable energy finance experience across development, construction, project finance, and asset management. This was never a science project. This was infrastructure thinking applied to distributed solar and storage, across community solar, C&I rooftops, multifamily, small utility scale, and batteries that actually pencil when the spreadsheet stops lying.
Fast forward and the numbers tell a story that does not need hype men. $2.5B+ financed. 600+ projects. Active across 26 states + Washington, D.C. A footprint expanded through New York, Illinois, New Jersey, and Pennsylvania, while quietly generating 37M kWh from six Pennsylvania projects alone and creating approximately 480 jobs along the way. This is what democratizing decarbonization looks like when the math works and the mission stays intact.
Now Deutsche Bank steps in with a $200M strategic capital commitment, joined by Carlyle returning to the table like someone who knows where the exits are and still orders dessert. This stacks on top of prior capital from Ultra Capital, Redball Power, J.P. Morgan, Lombard Odier, Mitsubishi UFJ Financial Group, Bank of Montreal, Monarch Private Capital, and others who do not chase novelty, they chase execution and sleep well doing it.
Aspen Power’s edge is not a buzzword. It is an integrated platform that originates, builds, finances, owns, and operates assets long term. Community solar subscribers get managed. Portfolios get analyzed. Vendors get activated. Projects get delivered inside 12–24 month windows because the machine was designed that way. Acquisitions from Safari Energy, Trajectory Energy Partners, Syncarpha Capital, Greenwood Sustainable Infrastructure, and others were not trophies, they were fuel.
Leadership keeps it grounded. Jorge E. Vargas as CEO brings a trader’s precision and an operator’s patience. Scott Delaney runs operations like gravity applies. Dan Gulick pushes community solar with scale in mind. Bill DeLong stepped in as CFO to keep the balance sheet honest. The bench is deep, the board is serious, and the ambition is clear.
