Anza Completes Separation from Borrego and Receives New Investment from Energy Capital Partners Led Consortium to Transform Solar and Storage Procurement

  • Anza’s procurement technology connects solar and energy storage equipment suppliers with buyers to accelerate the procurement process and increase profits, leading to over 1GW of solar modules sold last year, and expected growth of 100 percent in 2023.
  • More than 150 companies currently use Anza’s one-stop solar and storage marketplace solution which supports rapid and optimal purchasing decisions.
  • The proprietary technology engine behind the Anza digital platform is a cost and performance modeling software that identifies the most optimized components based on customer-provided project details.
  • Funding from an Energy Capital Partners (ECP) led consortium of investors that included the ECP’sEnergy Transition Opportunities Fund, Angeleno Group, and other investors, will help Anza quickly address changes in the evolving solar and energy storage market, streamlining and improving the procurement process for developers, IPPs, utilities, and EPCs.

Oakland, California, May 17, 2023 — Anza, an innovative technology enabled procurement marketplace that connects solar and energy storage equipment suppliers with buyers to simplify, accelerate, and optimize the renewable development procurement process, today announced that it has completed its separation from Borrego, a leading O&M provider. An Energy Capital Partners led consortium of investors that included the ECP’s–Energy Transition Opportunities Fund, Angeleno Group, and other investors provided funding to the company. Terms of the transaction were not disclosed.  

Formally launched in September 2022, Anza operates a technology enabled procurement marketplace powered by a proprietary engine of technical and financial data from a large pool of pre-vetted top-tier equipment suppliers. This engine was built to leverage the Anza team’s decades of experience developing, constructing, and maintaining renewable projects. Anza’s platform simplifies solar module and energy storage procurement enabling developers, independent power producers, utilities, and EPCs to evaluate equipment based on total lifetime value rather than only upfront $/watt cost to make informed, value-based decisions that increase project margins. Buyers can utilize the platform to efficiently transact on this information and minimize lead time by leveraging the company’s relationships with top suppliers and attractive, pre-negotiated contracts. These factors have led customers to trust Anza with 1.9 GW of module sales to date with expected growth of 100 percent year-over-year.

“Anza offers buyers a new way, a better way, to procure equipment,” said Mike Hall, Chief Executive Officer at Anza. “The status quo of solar and storage procurement is incredibly inefficient. Buyers and sellers waste tremendous time finding the right match and chasing down unstructured data. Buyers are forced to largely shop based on price, as they don’t have the tools to easily assess total value and risk. We believe Anza can increase the financial return and reduce the lead time for any solar or storage project by revolutionizing the major material procurement process – helping to accelerate the adoption of renewable energy.”

With the funding from ECP and other investors, Anza will continue to expand its platform offerings to include more features, further reducing the friction in today’s solar and storage procurement processes. To date, Anza’s proprietary technology has enabled solar project developers and owners like Ormat, Standard Solar, and Renewable Properties to achieve excellent and efficient procurement results.

“As a leading investor in renewables, we frequently see the challenges developers, IPPs, and EPCs face in procuring major materials for their projects,” said Andrew Gilbert, partner at ECP. “We believe Anza’s technology, experience, and strategy can materially improve procurement outcomes for both distributed generation and utility-scale buyers. We look forward to continuing Anza’s considerable commercial momentum and supporting the talented Anza management team as they work to transform the solar and storage equipment procurement market.”

Anza will continue to be led by former members of Borrego’s leadership team, including Mike Hall (CEO), Aaron Hall (President), Malini Balakrishnan (CTO) and John duPont (EVP of Business Development & Strategy).

About ECP

Energy Capital Partners (ECP), founded in 2005, is a leading investor across energy transition, electrification and decarbonization infrastructure assets, including power generation, renewables and storage solutions, environmental infrastructure and efficiency & reliability assets facilitating the energy transition. The ECP team, comprised of 68 people with 550 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 60 transactions over the last 10 years, representing more than $45 billion of enterprise value. For more information, visit

About Angeleno Group

Founded in 2001, Angeleno Group is a pioneer in providing growth capital for next generation clean energy and climate solutions companies. Since its founding, Angeleno Group has become one of the country’s largest dedicated clean energy and sustainability investment firms, making growth investments on a global basis. The firm’s core strategy is to invest in high growth, well managed, innovative businesses with proven technologies and established customer traction.

Angeleno Group invests in a range of deal types, with a strategy that is sector-focused, stage-agnostic and research-driven. Angeleno Group is headquartered in Los Angeles, California. For more information, visit