Deals Counterparts
P

Puget Sound Energy

company 1 Deal 3 Partners

Puget Sound Energy (PSE) is a regulated utility providing electricity and natural gas services to customers in western Washington State. Their strategy focuses on maintaining reliable service, investing in grid modernization, expanding renewable energy sources, and transitioning away from fossil fuels to meet clean energy mandates.

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Founded 1886 3,000 employees Parent: Puget Energy
UtilityOperatorDeveloperOfftaker

Strategic Overview

  • Committed to achieving 100% clean electricity by 2045, as mandated by Washington state law.
  • Actively investing in grid modernization, reliability, and resilience to support a clean energy future.
  • Phasing out coal-fired generation and increasing reliance on renewable energy sources and energy storage.

Deal Activity from Public Sources

Acquisition of the 140 MW Cloverdale Renewable Energy Project (solar + battery storage) in Benton County, Washington.
Acquisition Solar PV, Battery Storage United States December 2023 140 MW with Avangrid Renewables
Proposal for the Goldendale Energy Storage Project, a large-scale pumped hydro storage facility near Goldendale, Washington.
Development Hydropower, Battery Storage United States August 2022
Plans to acquire the 150 MW Badger Mountain Solar project in Douglas County, Washington.
Acquisition Solar PV United States December 2021 150 MW with Avangrid Renewables
Acquisition of the 137 MW Skookumchuck Wind Facility in Lewis County, Washington.
Acquisition Onshore Wind United States January 2020 137 MW with RES Americas

Investment Focus

Technologies
Storage1
Geography
United States1

Key People

Mary Kipp
President and CEO

Track Record

2,500
MW Total
15
Deals Completed
138
Years Active
Notable projects: Wild Horse Wind and Solar Facility, Skookumchuck Wind Facility, Goldendale Energy Storage Project (proposed)

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Onshore WindSolar PVBattery StorageHydropowerNatural GasTransmissionDistribution
Geographies
United States
Deal Stage
GreenfieldOperatingBrownfield
Track Puget Sound Energy