Expertise
ThomasLloyd in North America
Twenty years of experience, from power plants and their financing to the technologies this market needs now
ThomasLloyd entered North America and the cleantech sector together in 2005. Our teams have since been responsible for power plants with a combined 3.9 GW in the United States and Canada, and have acted as lead arranger, sole placement agent or exclusive financial advisor in corporate and project financings. We are now applying that experience to mobile power and water for AI data centres.1 2
First into markets that are not yet commoditised
For more than twenty years our sustainable power generation business has developed renewable energy and hybrid projects as a first mover into new markets, with new technologies and new forms of supply agreement. Our focus has been on segments and regions that are underserved and not yet commoditised.
This approach means taking on the regulatory, technological and operational complexity these markets demand rather than avoiding it. To do so, we combine engineering, financing and operating capabilities within a single company.
We build what we finance, and we operate what we build
Gas
Eight gas-fired power plants in the United States, from 226 to 679 MW. Dispatchable capacity at the scale a grid depends on, 3.7 GW in all, each plant run in a leading capacity rather than held as a stake.1
Bioenergy
Three bioenergy facilities in the United States, 173 MW. Baseload generation from biomass, the technology our own three plants in the Philippines run on today.1
Solar
One photovoltaic plant in Canada, 69 MW, built in three phases. Developed, financed and taken into operation from bare ground.1
Selected transactions
Establishment and international expansion of a hybrid electric vehicle manufacturer
Fisker Automotive, 2006. Exclusive financial advisor and first investor, from establishment until 2009.
- Three equity financing rounds
- Project volume more than USD 1.2 billion
A manufacturer of intelligent light-control systems, sold to OSRAM
Encelium Technologies, 2008. Advising the shareholders on the sale of the company.
- Sale to OSRAM Licht AG
- Energy efficiency in buildings
The largest photovoltaic system in North America at project start, and one of the largest in the world
Starwood Solar Sault Ste. Marie, 2009. Sole financial advisor to Q-Cells International on its North American market entry, project development and project financing.
- 69 MW ground-mounted solar power plant
- Equity and debt financing
- Project volume USD 300 million, later acquired by KKR
A leading supplier of waste-to-energy facilities in North America
AlterNRG, 2010. Advising on project structuring and on the sale of the company's divisions.
- Sale of Westinghouse Plasma Corporation and Clean Energy Development Corporation
- Equity and financing for Navitus Plasma, the first waste gasification plant in Ontario
At a Glance
North America
Providing leadership across projects and transactions, from development to capital execution.¹²
20+ years
Regulated by the SEC since 2005, when we entered the cleantech sector.
3.9 GW
Power plants in gas, bioenergy and solar in the United States and Canada.
6
Mobility, energy efficiency, power, waste, mobile generation and water treatment.
Current focus
Why data centres have to bring their own power and water
In the United States data centres consumed 178 TWh of electricity in 2024, 4.3 per cent of total power demand, and that figure is projected to reach 606 TWh by 2030. Grids cannot supply it, so operators are required to bring their own power, with limited or frequently no grid connection available.
AI loads swing faster than generation can follow
Artificial intelligence workloads cause swings of tens of megawatts within seconds. Turbines trip or wear out chasing the load, grid operators curtail the site, and training runs crash. What is required is technology that responds within milliseconds, close to the disturbance, absorbing and returning reactive power as the load moves.
Water is the second constraint
These facilities also require dedicated cooling and water supply at scale, and securing it is becoming harder. Ageing infrastructure, more toxic effluent and stricter regulation make reliable supply difficult for industrial users. New treatment technologies cut the power a plant needs by up to 90 per cent, and industrial cooling by up to 50 per cent.
Our Solutions
Power and water for AI data centres
Mobile Power Solutions
Water treatment
In May 2026 we entered into an exclusive strategic technology partnership with the owner of a patented, nature-based algal technology, which delivers reuse quality water and uses up to 90 per cent less energy than conventional systems. It has been in commercial operation for twelve years, with more than 40 projects in the United States, Mexico, Egypt and Malaysia.
Beyond North America
A renewable energy pioneer in Asia-Pacific
We built the first utility-scale renewable energy plant in the Philippines, financed by the first loans a Philippine bank ever made to a solar project. What followed was the largest solar M&A transaction in South East Asia.¹²
83
Realised and operated across Asia-Pacific by our Climate Infrastructure team. (1)
22 GW
Across seven technologies, from solar and wind to hydropower and bioenergy.
14
From the Philippines and India to Japan, Singapore and Tonga.Get in touch
At ThomasLloyd, we believe that true impact is achieved through collaboration and innovation. If you have any questions, please reach out.
Footnotes
- Includes all projects where either the Group or current and former members of its Climate Infrastructure Team have developed and/or constructed and/or operated such project in a leading capacity as owner or energy/asset manager on behalf of the owner.