Diligence memo · auto-generated · as of July 2, 2026
TRP-AP Renewables, LP
TRP-AP Renewables, LP looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
TRP-AP Renewables, LP operates in Other Energy, based in CAMBRIDGE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TRP-AP Renewables, LP has raised $30M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2024-10-23.
Most recent recorded round closed around 2024-10-23.
Valuation (modeled)modeled
Provath models TRP-AP Renewables, LP at approximately $150M (range $71M–$253M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.21× the median modeled value of Series B Other Energy companies in 2022–2024 (44 peers) — value vs value, same stage and era. Within the normal band (121% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 20 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 85% of Other Energy peers (2049 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: Pineapple Holdings, Inc., JTEC Energy, Inc., TMC the metals Co Inc., Cherry Street Holding Company, LLC, Clean Hydrogen Works LA-1, L.L.C..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.