Brightcore Energy

Brightcore Energy

Provides renewable energy solutions and efficiency

About Brightcore Energy

Simplify's Rating
Why Brightcore Energy is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Energy

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$87M

Headquarters

Town of North Castle, New York

Founded

2015

Overview

Brightcore Energy provides renewable energy solutions to commercial, institutional, municipal, and utility clients. The company specializes in energy efficiency and solar power, focusing on developing, implementing, funding, and maintaining comprehensive energy solutions. Their unique "Energy as a Service" model allows clients to engage in energy projects without any upfront costs, enabling them to benefit from immediate savings through energy-efficient solutions. Brightcore Energy generates revenue from the savings produced by their projects, having saved approximately 32 million kWh annually through LED conversions and generated around 13 million kWh annually from solar installations. With over 150 completed sustainability projects, Brightcore Energy has helped clients save nearly $11 million in energy costs, positioning itself as a partner in the transition to clean energy rather than just a product provider.

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Simplify's Take

What believers are saying

  • Brightcore Energy was awarded all 29 projects in New Jersey's Community Solar Program.
  • The company is developing a 2.2MW solar project portfolio at Princeton University.
  • Brightcore Energy's geothermal project at Bard College showcases innovative renewable solutions.

What critics are saying

  • Increased competition from companies like Tesla could impact Brightcore's market share.
  • Rapid technological advancements may require continuous R&D investment, straining resources.
  • Potential policy changes could affect Brightcore's project pipeline and financial performance.

What makes Brightcore Energy unique

  • Brightcore Energy offers 'Energy as a Service' with no upfront investment required.
  • The company has completed over 150 sustainability projects, saving clients nearly $11 million.
  • Brightcore Energy's revenue model is based on client savings from energy solutions.

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Funding

Total Funding

$87M

Above

Industry Average

Funded Over

2 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Commuter Benefits

Financial Wellness Benefits

Employee Assistance Program

Disability, Life, & AD&D Benefits

401(k) Retirement Plan

401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

3%

2 year growth

2%
ROI-NJ
Mar 19th, 2025
Glenpointe Brings Tesla Superchargers To Teaneck

Alfred Sanzari Enterprises announced the installation of a new Tesla Supercharging station at its Glenpointe corporate campus in Teaneck.Glenpointe’s Tesla supercharging station is the first in Teaneck, joining the world’s largest fast-charging network, which features over 60,000 superchargers nationwide. With its prime location at the intersection of Interstate 80 and the Garden State Parkway, the Supercharging station includes 20 superchargers with 250W. Glenpointe provides EV drivers with a highly convenient and accessible charging option, along with a wide range of on-site amenities such as Starbucks and Marketplace, an Urban eatery.“Whether it’s a hotel guest, an office tenant, or a visitor grabbing a coffee, we strive to make Glenpointe a place that meets every need,” said Ryan Sanzari, President of Alfred Sanzari Enterprises. “Adding Tesla Superchargers brings a highly sought-after amenity to our campus and reinforces its role as an important hub in Teaneck.”The Tesla Superchargers are the latest sustainability-focused addition to the Glenpointe campus. Earlier in 2024, the company partnered with Brightcore Energy, a provider of end-to-end clean energy solutions to the commercial and institutional market, to install a 5,312-panel solar power system on the campus parking garage. The system now produces about 25 % of the electric power needs of Glenpointe Center East and Glenpointe Center West.“Sustainability remains a key priority for today’s office tenants

Herald Chronicle
May 14th, 2024
Brightcore Energy Awarded 100% of Submitted Projects to New Jersey Community Solar Energy Program

Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional markets, announced it has been awarded every community solar project that it submitted to New Jersey's Community Solar Energy Program (CSEP).

Business Wire
May 14th, 2024
Brightcore Energy Awarded 100% Of Submitted Projects To New Jersey Community Solar Energy Program

ARMONK, N.Y.--(BUSINESS WIRE)--Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional markets, announced it has been awarded every community solar project that it submitted to New Jersey’s Community Solar Energy Program (CSEP). The CSEP, voted in by the New Jersey Board of Public Utilities (NJBPU) in August of 2023 and signed by Governor Phil Murphy in January of this year, brings more sustainable energy sources to New Jersey and helps to eliminate barriers to local communities' access to affordable, equitable, and clean energy. New Jersey faces a new and rapidly growing demand for community solar following the success of the two pilot programs in 2018 and 2020. In November 2023, the permanent program was launched with a capacity block of 225 megawatts (MW), attracting over 300 applications, representing a total of over 300MW. Brightcore has been awarded all 29 projects it submitted to date, 19 in the state’s Year 2 Pilot Program and another 10 in its permanent program. The first 19 projects, totaling over 7.4MW, have been successfully completed and are now generating solar energy to power local schools, businesses, hospitals, and government buildings

ROI-NJ
Apr 9th, 2024
Brightcore Energy Developing 2.2Mw Solar Project Portfolio On Princeton Campus

Brightcore Energy, a New York-based firm that implements renewable energy solutions for the commercial and institutional markets, recently announced it is developing a portfolio of solar projects for the Facilities Organization at Princeton University, which will be installed on rooftop- and canopy-mounted structures on the university’s campus in Princeton.Princeton University has committed to achieving Net Carbon Neutrality by 2046. A key component of Princeton’s Sustainability Action Plan is using renewables as the campus energy source.The project consists of four arrays, two of which will be rooftop-mounted and two canopy-mounted. The rooftop projects will be installed on the Tiger and Cub buildings, while the canopy-mounted projects will be at the Meadows and Stadium garages.In its entirety, the solar arrays will consist of 4,039 panels and are projected to produce an estimated 2,588 megawatt hours of electricity annually. Brightcore expects to begin constructing the projects in the summer.“We are so very proud to have been selected for this project,” Mike Richter, president of Brightcore, said. “The university has rigorous selection standards and was extremely thoughtful and supportive throughout the process. The school has shown great leadership with its ambitious and detailed sustainability plans, and we are excited to play a role in that.”Once operational, the estimated annual production will prevent approximately 1,834 metric tons of CO2 from entering the atmosphere, the equivalent of burning more than 2 million pounds of coal

Business Wire
Apr 2nd, 2024
Brightcore Energy Developing 2.2Mw Solar Project Portfolio On Princeton University Campus

ARMONK, N.Y.--(BUSINESS WIRE)--Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional markets, is developing a portfolio of solar projects for the Facilities Organization at Princeton University which will be installed on rooftop and canopy- mounted structures on the University’s campus in Princeton N.J. The project consists of four arrays, two of which will be rooftop-mounted and two canopy-mounted. The aggregate size of the project will be approximately 2.2MWdc. The rooftop projects will be installed on the TIGER and CUB buildings while the canopy-mounted projects will be at the Meadows and Stadium garages. In its entirety, the solar arrays will consist of 4,039 panels and are projected to produce an estimated 2,588 MWh of electricity annually. Brightcore expects to begin constructing the projects in the summer of 2024

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