Xcel Energy

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Xcel Energy is a major U.S. utility company focused on providing electricity and natural gas services. They are increasingly focused on renewable energy development and grid modernization to achieve their clean energy goals.

Investment Focus

Technologies

Battery Storage2

Transmission1

Wind1

Geography

United States2

USA1

Deal History (4)

Tri-party alliance to accelerate gigawatt-scale grid technology deployment

Developer Transmission Feb 24, 2026

Google invests in Xcel Energy's Capacity*Connect Program

Developer Battery Storage USA Feb 24, 2026 USD50M

Google and Xcel Energy partner for iron-air battery deployment in Minnesota

Developer Battery Storage United States Feb 24, 2026

Xcel Energy and Google sign electric service agreement for data center

supplier Wind United States Feb 24, 2026

Co-Investors & Partners

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