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UGE International
UGE | Empowering you with renewable energy
About UGE International
UGE International is a developer, owner, and operator of commercial and community solar and battery storage projects. Founded in 2008 by CEO Nick Blitterswyk, the company was established to address global energy challenges through distributed renewables. Blitterswyk, who grew up in a nature reserve in Canada and later became an actuary at firms like JPMorgan and AIG, channeled his passion for sustainability and financial expertise into the venture.
The company's core business revolves around a vertically integrated, full life-cycle approach. UGE develops, engineers, finances, builds, owns, and operates its solar projects. This model targets two primary client types: landowners and building owners who lease their space for project hosting, and residential or commercial off-takers who subscribe to the generated clean energy, often at a lower cost than utility rates. Revenue is increasingly generated from recurring energy sales from its operational portfolio, marking a strategic shift from its legacy business of third-party Engineering, Procurement, and Construction (EPC) contracts. The company operates primarily in the U.S. across several states and has a presence in the Philippines.
UGE's offerings include rooftop and ground-mounted solar installations, with a growing focus on community solar and integrated battery energy storage systems (BESS). Community solar projects allow multiple subscribers to benefit from a single solar installation, expanding access to renewable energy. The integration of battery storage adds significant value, enhancing grid resilience and providing additional revenue streams. A key milestone was the 2024 acquisition of a majority stake in UGE by NOVA Infrastructure, an investment firm focused on the middle market. This transaction provides capital to support the expansion of UGE's project portfolio. The company, which has been publicly listed on the TSX Venture Exchange, has completed over 700 projects, representing more than 500MW of experience globally.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2008
- Headquarters
- New York City, United States
- Listing
- IPO 2014
- Employees
- 158
- Open positions
- 9
- Dealroom signal
- 43.1/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Wind Energy, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| BUYOUT✓Exit | May 2024 | $72M | $72M | NOVA Infrastructure | ↗ |
| POST IPO DEBTDebt | Oct 2023 | $5M | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for UGE International is 2.9K monthly website visits, down 34.1% over the last three months. UGE International's team grew 6.8% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Tamra-Tacoma Capital Partners
Series B and later2 investors entered at this stage
Canaccord Genuity
NOVA Infrastructure
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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