MN8 Energy, Inc.

General Information

We are a renewable energy company. (Incorporated in Delaware)

Our mission is to serve enterprise customers by providing the renewable energy and related services that these customers need on their journey to an electrified, decarbonized world. To achieve this mission, we generate renewable energy with our fleet of solar projects and are able to store energy in our fleet of battery projects, in each case tailored to the needs of individual enterprise customers. In 2022, we were one of the largest independent solar energy and energy storage power producers in the U.S. and one of the top 5 largest solar and storage asset owners overall in the U.S., based on the total gross capacity of our projects that were operating, according to S&P Global Market Intelligence. As of June 30, 2023, our fleet was composed of over 875 projects spread across 28 states with an aggregate capacity of approximately 2.7 GW of operating and 0.2 GW of under construction solar projects and approximately 270 MW of operating battery storage projects.

We have a blue-chip set of over 200 enterprise customers, many of whom have bold decarbonization objectives, which we believe will provide us with many add-on commercial opportunities in the years to come.

**Note: Revenue and net income figures are for the 12 months ended June 30, 2023.

(Note: MN8 Energy, Inc. filed an S-1/A dated Aug. 10, 2023 – still no terms disclosed – but it updated its financial statements through June 30, 2023.)

(Background: MN8 Energy, Inc. filed an S-1/A dated Jan. 5, 2023 – still no terms disclosed – but it reported a change in the co-managers’ lineup: Societe General joined the co-managers, while two banks – CIBC Capital Markets and PNC Capital Markets – were dropped from the lineup. MN8 Energy, Inc. filed an S-1/A dated Nov. 9, 2022, but it did not disclose terms for its IPO. MN8 Energy, Inc. filed its S-1 on Sept. 12, 2022; the company submitted confidential IPO paperwork on Feb. 4, 2021, as New PubCo Renewable Power Inc.” The company was formerly known as Goldman Sachs Renewable Power LLC. )

Employees: 290
Founded: 2017
Contact Information
Address 1155 Avenue of the Americas, 27th Floor New York, NY 10036
Phone Number (212) 902-8890
Web Address
View Prospectus: MN8 Energy, Inc.
Financial Information
Market Cap
Revenues $375.24 mil (last 12 months)
Net Income $-47.65 mil (last 12 months)
IPO Profile
Symbol MNX
Exchange NYSE
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Goldman Sachs/BofA Securities/J.P. Morgan/HSBC/ Wells Fargo Securities/ Jefferies/ Wolfe | Nomura Alliance
CO-Managers TD Cowen/KeyBanc Capital Markets/Societe Generale/Drexel Hamilton/ Siebert Williams Shank
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change