Maxwell Power announced the closing of a $750 million investment commitment from Fairtide Partners to finance battery storage and solar power projects. The new commitment increases Fairtide’s total investment commitment to more than $1 billion for projects developed by Maxwell.
Formerly known as HDM Renewable Finance, Maxwell Power said the capital will be used to strengthen its position as a financing partner for sales and installation companies that help consumers adopt advanced energy technologies. The company also plans to expand into additional state markets where electricity prices have experienced significant increases in recent years.
According to Maxwell, retail electricity prices in Mid-Atlantic, New England, and Pacific states rose by 19% or more between 2022 and 2025. The company believes growing energy costs are driving increased demand for solar and battery storage solutions among homeowners and businesses.
Founded in 2018, Maxwell has invested more than $1 billion in solar and battery storage systems and estimates that its customers have saved approximately $200 million through its programs. The company deploys, monitors, and maintains solar and battery storage systems while offering long-term power contracts designed to provide predictable energy savings.
Fairtide Partners said its decision to provide additional capital was driven by Maxwell’s track record in project origination, underwriting, and asset management. The firms have worked together since Maxwell’s founding, while Fairtide’s leadership has maintained relationships with Maxwell’s executives dating back to 2010.
KEY QUOTES:
“Skyrocketing utility and gasoline costs are pinching everyone’s pocketbook. Fairtide’s $1 billion commitment allows us to help more homeowners and businesses get affordable energy they can count on.”
Dustin Dunaway, Chief Revenue Officer, Maxwell Power
“We have worked with the Company’s leaders since 2010 and partnered with Maxwell since its founding in 2018. Maxwell has a great track record of delivering high-quality assets that create value for consumers and investors.”
Nat Kreamer, Founder And Lifetime Chairman Emeritus, Fairtide Partners; Lifetime Chairman Emeritus, Solar Energy Industries Association (SEIA)
