Maxwell relocated its headquarters to Salt Lake City, Utah

SALT LAKE CITY, Oct. 1, 2026 /PRNewswire/ — Maxwell Power (“Maxwell”) today announced the successful closing of an investment commitment of $800 million from Fairtide Partners (“Fairtide”) to purchase battery storage and solar power projects. Following investments of $250 million in 2024 and $750 million in June 2026, this latest round increases Fairtide’s total commitment to $1.8 billion for projects developed by Maxwell.

Maxwell will use the capital to help consumers and small businesses lock in energy savings with solar power and battery storage. In 2026, Maxwell has already helped customers secure more than $100 million of future energy savings, providing much-needed relief for Americans struggling with rising prices, including skyrocketing energy costs. 

“Across America, rising rates and aging infrastructure are making energy more expensive and less reliable,” said Dustin Dunaway, Maxwell’s Chief Revenue Officer. “Maxwell’s full-service home solar and battery storage gives homeowners a way to protect themselves from the rising cost of power.” 

At a time when the broader solar industry is under pressure, Maxwell is thriving thanks to its strong financial backing and proven track record. With this latest round of funding from Fairtide, Maxwell will expand the Maxwell Power Plan to new markets, making it easy for more customers to save on energy. 

“Maxwell is an economic force multiplier,” said Nat Kreamer, Fairtide’s founder and lifetime chairman emeritus of the Solar Energy Industries Association (“SEIA”). “Amid rising interest rates and regulatory change, we are helping Maxwell deliver value every day to consumers and channel partners.”

Fulfilling its promise to U.S. Senator John Curtis (R-Utah), who is a champion of affordable domestic renewable energy, Maxwell relocated its headquarters to Salt Lake City, UT from San Diego, CA. Today, the Company’s employees work in the heart of the Hive near the historic stock exchange.

About Maxwell Power

Homeowners and businesses are Powered for Life^™ when they work with Maxwell. We are the power company that guarantees energy and savings to homeowners and small commercial customers. We deploy solar and battery storage systems to customers’ homes, monitor and maintain those systems, and ensure they deliver power. Our customers purchase power on long-term contracts that lock in savings. Since 2018, Maxwell has invested over $1.5 billion to help customers save an estimated $300 million. For more information about us please visit maxwellpower.com

About Fairtide Partners

Fairtide Partners makes infrastructure, tax equity, and private equity investments. The Firm has facilitated the financing of more than $1 billion battery storage and solar energy projects since 2018. Its private equity portfolio includes category-defining companies such as AMP for the waste industry and Highland for fleet vehicle electrification. Fairtide’s managing partners have over 40 years of combined experience as entrepreneurs, executives, investors, and industry-leading policy advocates. For more information about Fairtide please visit fairtidepartners.com

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SOURCE Maxwell Power