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GameChange Solar Holdings Corp., a leading provider of racking and tracker systems for utility scale solar power plants, announced that Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has made a $150 million investment in GameChange to support the company’s strategic development goals.
GameChange Solar has grown significantly since its founding in 2012, from a regional provider of fixed tilt racking systems to a global provider of comprehensive utility and commercial scale solar mounting solutions, trackers and software to renewable developers and Engineering, Procurement, and Construction firms.
The company was ranked as the 3rd largest solar tracker company domestically and the 6th largest vendor globally in 2020 by Wood Mackenzie. The investment by KSP will help fuel continued growth in 2022 and beyond.
In August this year GameChange Solar had announced the completion of its first Genius Tracker™ project in India. This 394 MW project is located 110 km from Ahmedabad, the capital city of the State of Gujarat. This solar plant is expected to supply clean solar power to the equivalent of 376,000 households.
GameChange’s Chief Financial Officer, Mark Gibbens, said, “We are excited to be able to launch this next phase of our growth with the validation of a major investor in the energy transformation space. Koch offers not just the capital to grow, but the opportunity to mutually leverage the capabilities of each organization.”
KSP has focused on energy transformation investments as one of its core verticals, with strategic investments in companies with strong tailwinds that are disrupting the market. Most recently, KSP has announced investments in the battery value chain and new sources of energy storage and infrastructure.
“KSP is excited to invest in GameChange Solar as they bring their advantaged solar energy solutions to market,” said Jeremy Bezdek, managing director of Koch Strategic Platforms. “We believe these offerings will continue to positively disrupt the industry and look forward to helping accelerate that growth in the future,” he added.