Haven Energy Raises $40M to Expand Residential Solar, Batteries, and Virtual Power Plants
Haven Energy, a Los Angeles–based energy technology company focused on expanding residential solar and battery installations and building virtual power plant (VPP) capacity across the United States, has raised $40 million in new funding to accelerate its growth and strengthen its partnerships with utilities, community choice aggregators (CCAs) and local installers. The financing will support Haven’s effort to deploy distributed energy resources at scale, expand its leasing model and grow its Channel Partner Program, which allows local solar and battery installers to offer integrated clean energy solutions while Haven manages operations and financing.
The latest $40 million capital raise consists of an equity round led by Giant Ventures and a structured debt facility provided by Turtle Hill Capital, a private credit platform delivering tailored financing solutions for distributed energy systems. Additional equity participation came from California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures and Lerer Hippeau. This mix of investors reflects broad confidence in Haven’s mission to support the clean energy transition and bolster grid resilience by enabling affordable access to solar and battery storage for homeowners.
Founded in 2021 by co-founders Vinnie Campo, Jeff Chapin and Philip Krim, Haven Energy operates at the intersection of clean energy, electrification and grid modernization. The company guides homeowners through the selection, financing, installation and integration of solar and battery systems, and then aggregates those distributed assets into a virtual power plant. Through this model, residents not only benefit from greater energy independence and reduced electricity costs but also contribute capacity back to grid operators and utilities during peak demand periods.
Haven’s VPP approach leverages the growing adoption of residential energy storage to create flexible, localized power capacity that strengthens grid reliability and supports decarbonization goals. By managing distributed energy resources across many homes and small commercial sites, the company can provide a scalable alternative to traditional generation and transmission infrastructure, helping utilities navigate rising demand and supply constraints. As part of its expansion plans, Haven has already installed more than 10 megawatts of distributed capacity and has 50 megawatts in development for 2026, with an active project pipeline valued at more than $75 million.
The new funding will allow Haven to deepen partnerships with utilities — including organizations such as the Electric Power Research Institute, Clean Power Alliance, San Jose Clean Energy, Clean Energy Alliance and Peninsula Clean Energy — which use Haven’s technology and deployment capabilities to reach distributed energy goals. The company’s leasing model and Channel Partner Program are key components of its growth strategy. Under this framework, Haven provides financing, operations and performance management for solar and storage systems, while local installers focus on installation and customer engagement, enabling faster deployment and a more robust sales pipeline.
In addition to expanding its distributed energy footprint, Haven intends to build out the software and operational tools that support the lifecycle of solar and battery systems, including real-time monitoring, billing integration, performance optimization and participation in grid services markets. By helping homeowners reduce reliance on expensive grid electricity through time-of-use optimization and backup power during outages, Haven’s model delivers tangible economic and resilience benefits while advancing the broader clean energy transition.
The involvement of both equity and debt partners highlights a maturing view of distributed energy as an investable infrastructure class, rather than solely an environmental technology play. Investors like Giant Ventures view Haven’s combination of solar, storage and VPP aggregation as well positioned to harness federal and state incentives while addressing real and growing energy grid challenges. Lenders like Turtle Hill Capital bring structured financing that aligns with the long-lived nature of energy assets and incentive flows, enabling rapid scaling in fragmented residential markets.
As energy demand in the United States continues to rise — projected to increase by about 15 percent by 2030 — companies such as Haven Energy are stepping into roles once reserved for centralized utilities, using distributed resources to deliver flexible, resilient and cleaner power. With its new $40 million funding and strategic deployment partnerships, Haven aims to expand its impact, making solar and battery systems more accessible while strengthening grid capacity through virtual power plants that leverage the collective potential of distributed energy resources.
