ImpactAlpha, January 11 — Nashville-based Silicon Ranch provides clean energy, carbon and battery storage for rural communities in the U.S. and Canada, with four gigawatts of solar and storage under contract.
The company raised $775 million in equity. Toronto-based Manulife Investment Management, the insurance giant’s asset management arm, led Silicon Ranch’s round with a $400 million investment. Dutch energy giant Shell also joined the round.
Silicon Ranch has raised $1 billion in the past 12 months.
The latest round of capital will support Silicon Ranch’s efforts to co-locate renewable energy production and regenerative agriculture to sequester carbon and restore grasslands around its solar and battery arrays.
Silicon Ranch acquired Clearloop in September last year to expand its corporate offerings.