San Diego-based startup Pathway Power said it received a $36 million strategic investment from Forest Road Renewables, a climate-focused infrastructure platform within The Forest Road Company. 

The funding will enable Pathway Power to work toward delivering a pipeline of 2 GW of installed capacity across North America.

Pathway said it would use proceeds to target a balance of solar and storage opportunities across various markets. Its founding management team previously was part of BayWa r.e., where they brought more than 1 GW of solar capacity to market.