Daroga Power Closes $230 Million Infrastructure Fund

Daroga Power, a company that invests and in and distributes generation energy assets, announced on Wednesday that they have closed an infrastructure portfolio funds to deploy 32.85 MW of Bloom Energy solid oxide fuel cells (“SOFC”).

“With this structured deal, we are nearly tripling our fuel cell portfolio. Our reputation for strong management means we are able to bring respected partners to the table and be creative in how we privately structure these funds,” said Ory Moussaieff, co-founder of Daroga Power.

About 6 MW of the planned fuel cells are already currently functioning. The rest of the fuel cells will become operational by the end of 2022. They are under the management of 17 Fortune 500 commercial and industrial off-takers under protracted energy services contracts. 

Upon completion, the fuel cells will offer reliable, cleaner, baseload energy at various customer sites, located in California, New York, New Jersey, Massachusetts, Connecticut, and Maryland.