Alternative energy solutions provider Caban announced that it has raised $50 million in an equity funding round, with proceeds aimed at expanding its Energy-as-a-Service (EaaS) projects to help decarbonize critical infrastructure operators.

Founded in 2018, Texas-based Caban provides energy storage solutions aimed at providing critical infrastructure operators with access to renewable power, providing clean energy while reducing operating cost and environmental impact, with a primary focus to-date on the telecommunications industry. The company’s products include hardware and software solutions that reduce fossil fuel consumption, maintenance visits, and overall operating costs while enhancing reliability, including its proprietary lithium-ion battery packs and energy storage systems, designed to provide reliable primary power and backup power to critical infrastructure.

Caban said that it is actively deploying its Energy-as-a-Service solutions for customers across Central and South America, the Caribbean and the U.S. The company has been especially active in the telecom sector, and in March partnered with Latin American telecom firm Digicel to diversify its energy source using solar technology and reduce its greenhouse gas (GHG) emissions.

Alexandra Rasch, Founder and CEO of Caban, said:

“This funding accelerates our mission to transform the energy landscape for essential infrastructure. As demand for proven, resilient, and sustainable energy solutions continues to grow, we remain committed to delivering innovative, data-driven technologies that empower businesses while driving measurable environmental impact.”

The funding round was led by sustainable infrastructure solutions-focused private equity investor Ember Infrastructure Management, Caban’s majority shareholder.

Elena Savostianova, Ember’s Managing Partner, said:

“Caban has consistently demonstrated a strong ability to innovate and execute in the rapidly evolving energy sector. We are excited to support their next phase of growth as they continue to expand their Energy-as-a-Service project portfolio and deliver meaningful value to telecommunications industry customers that require dependable and sustainable power solutions.”