Amp Energy

About Amp Energy

Amp Energy is a global energy transition platform that develops, owns, and operates a portfolio of renewable energy assets. Founded in 2009 by Dave Rogers and Paul Ezekiel, the company is headquartered in Toronto, Canada. Rogers, the President and CEO, has led the company's expansion into a multinational business.

The company's business model centers on developing and managing utility-scale and distributed renewable generation projects, including solar, hybrid generation plus storage, and standalone battery storage projects. Amp Energy has developed over 1.8 gigawatts of assets globally and has a significant pipeline of projects in late-stage development. Their core markets include North America, Japan, Australia, Iberia, and the UK. The company caters to both commercial and industrial clients, providing comprehensive energy management services. In June 2023, Amp sold its US renewable energy generation and battery storage business to a joint venture, which now operates as PureSky.

A key component of Amp's offering is its proprietary digital energy platform, Amp X. This AI-powered platform enables real-time autonomous management and optimized dispatch of distributed energy resources across the grid. Amp X uses predictive models to assess the impact of weather on renewable energy production and demand, optimizing the performance of battery storage assets. The platform includes solutions like a smart transformer to enhance grid flexibility and stability.

Amp Energy has secured significant financial backing from institutional investors. In 2021, The Carlyle Group made a $374 million investment commitment to fuel the growth of Amp's asset base and its Amp X platform. The company's Indian subsidiary, Amp Energy India (now an independent entity called AMPIN Energy Transition), has also raised substantial funding, including up to $250 million in 2023.