Haven Energy has raised $40 million in new financing to accelerate the company’s strategy of expanding distributed energy resources across the United States and strengthening utility partnerships amid rapidly rising national electricity demand. The round includes equity led by Giant Ventures and a debt facility from Turtle Hill, with additional participation from California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures, and Lerer Hippeau.
The funding will support the company’s efforts to scale its virtual power plant network, broaden collaborations with utilities, and grow its leasing program and Channel Partner Program for local solar and battery installers.
The Los Angeles-based company is targeting a grid environment expected to see a fifteen percent increase in electricity demand by 2030, a pace that exceeds current generation and transmission buildout. Haven Energy is positioning itself as a key partner to utilities that need local, flexible capacity through residential solar and battery storage systems. The company currently has more than ten megawatts of distributed capacity installed and over fifty megawatts scheduled for development in 2026, reflecting a pipeline of more than $75 million in projects.
Haven’s utility partners include the Electric Power Research Institute, Clean Power Alliance, San Jose Clean Energy, Clean Energy Alliance, and Peninsula Clean Energy. The company is also expanding its model with local installers, enabling them to offer Haven’s solar and battery products while integrating deployments into the broader virtual power plant network. Haven manages financing, operations, and system performance while installers focus on installation work.
The company believes its utility-aligned model demonstrates how distributed energy storage can be scaled more quickly than traditional utility infrastructure, helping lower energy costs and enhancing grid resilience during a period of national system strain.
KEY QUOTES:
“We’re in the middle of a generational rebuild of America’s power system, and it’s moving faster than anyone expected. Solar and home batteries have redefined power, delivering cleaner, cheaper, and more resilient energy than anything else on the market. Haven is scaling that transformation from the ground up by turning every home into the foundation of a smarter grid. Through partnerships with utilities and local installers, we’re expanding faster than traditional infrastructure ever could. The future of power isn’t years away. We’re building it now.”
Vinnie Campo, Co-Founder and CEO of Haven Energy
“Our utility partnerships will form the backbone of how we scale distributed capacity nationwide. The distributed generation sector has always been at odds with utilities, but we believe the future requires close collaboration to fully maximize the grid value of distributed assets, especially energy storage. Working with utilities isn’t a nice to have anymore, it’s a must. We’ve refined this model through multiple and successful collaborations, showing how quickly distributed capacity can scale when everyone is aligned. Haven is now building on that success, helping our partners lower costs and strengthen grid resilience faster than ever.”
Jeff Chapin, Co-Founder of Haven Energy
“We’re in the midst of one of the largest energy buildouts in a generation, and the companies that can scale quickly will define it. Haven is at the forefront of this shift, expanding grid capacity faster than traditional infrastructure ever could, leading with innovative models that expand access, and by bringing more individual homes into connected, intelligent energy assets.”
Tommy Stadlen, Co-Founder of Giant Ventures
“Haven is demonstrating how quickly distributed energy generation and storage can scale when financing matches the realities of deployment. Their approach is helping bring online resilient, reliable power at a moment when the grid needs it most.”
Zeev Krieger, CEO of Turtle Hill Capital
