Guzman Energy, a Coral Gables, Florida and Denver, Colorado-based provider of wholesale power, energy trading and hedging services, raised $130m in funding.
Backers included Vision Ridge Partners and ZOMA Capital.In aggregate, both new investors will hold a minority interest in Guzman Energy, and representatives from Vision Ridge and ZOMA will join the Guzman Energy Board of Directors.
The company intends to use the funds to continue to expand its efforts to deliver energy to consumers in the West and beyond.
Led by Leo Guzman, Chairman and CEO, Guzman Energy Group is a full-service energy company whose services include providing wholesale power, energy trading and hedging services in the bilateral power markets of the Western United States. It conducts its business through two practice areas: Energy & Environmental Trading and Energy Hedging & Risk Management.
In February 2017, the company announced a partnership with Kit Carson Electric Cooperative (KCEC) to enable the northern New Mexico counties of Taos, Colfax and Rio Arriba to achieve summer solar energy independence by 2022.