Panamint Capital

Investing in American energy since 2019.

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718

Megawatts in Operation

259

Employees Nationwide

3,000+

Megawatts in Development

10.5M+

MWh Generated

Panamint Capital is reimagining America’s energy infrastructure.

We are an energy investment company whose businesses promote jobs, energy security, and widespread decarbonization.

Our Impact

Portfolio

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Power Generation

Cottage Grove Cogeneration

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Redevelopment

Big Rooter Power

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Mining Operations

Calvert Mine

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Most Recent

Press Releases

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January 26, 2026 | panamintcapital.com

KKR-Backed Investor Targets Underused Infrastructure at Legacy Power Plants for Solar and Storage

The company has signed a 15-year tolling agreement with an Xcel subsidiary for an 80MW/320MWh BESS it is building at the location of its gas-ﬁred cogen plant in Minnesota. KKR-backed Panamint Capital expects to bring up to 1.8GW of renewable energy and storage capacity online over the next three years by exploiting unused energy infrastructure and real estate at the sites of four operating thermal power plants it currently owns.

December 17, 2025 | spglobal.com

Panamint Capital, Xcel Energy Unit Sign Tolling Deal for Minnesota Battery Project

Panamint Capital LLC signed a 15-year tolling agreement with Xcel Energy Inc. subsidiary Northern States Power Co. for a planned battery energy storage project in Minnesota. The agreement is for Panamint Capital’s 80-MW/320-MWh Cottage Grove Storage Project in Washington County, Minnesota. The project, which is colocated with the 265-MW Cottage Grove Cogeneration facility, is scheduled to start commercial operations on June 1, 2028.

Panamint Capital is a woman-led firm deeply committed to fostering positive environmental, social, and corporate governance outcomes.

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