Mitsui & Co., Ltd. ("Mitsui"), through its U.S. based subsidiary MyPower Corp., has completed the full acquisition of Solstice Power Technologies, Inc. ("Solstice"), a service provider specializing in the customer acquisition and management for community solar development.
Climate change is a top concern for many Americans and its mitigation requires massive clean energy expansion. Still, 77% of American households cannot install rooftop solar power due to rented housing, the structure of their rooftop, the upfront cost, or access to financing. Solstice Power Technologies, Inc., a software and customer management company, connects households and community organizations to community solar. Solstice has big plans for expansion in 2021, having just closed an oversubscribed $3.1 million funding round. Initially, Solstice will focus on Illinois, Massachusetts, New York, Maine, New Jersey, with more states quickly following.
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“The benefits of renewables have mainly accrued to higher-income homeowners over the last several decades, and there has never been a more urgent time to democratize access to the green economy,” said Steph Speirs, Co-Founder and CEO. “Solstice has worked for years to put solar within reach of excluded hou
Solstice Raises $3.1M to Offer Affordable and Inclusive Renewable Energy to Households Across the United States
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Funding to Expand Community Solar and Other Shared Clean Energy Projects in Illinois, Massachusetts, New York, Maine, New Jersey, and More CAMBRIDGE, Mass. (PRWEB) January 15, 2021 Solstice Power Technologies, Inc. (https://solstice.us/), a software and customer management company dedicated to bringing affordable solar power to every household in America, has closed an oversubscribed $3.1 million funding round. The funding was led by Total Carbon Neutrality Ventures with additional investments from American Family Insurance Institute for Corporate and Social Impact, Massachusetts Clean Energy Center, Schneider Electric Ventures, Next Wave Impact, Active Impact Investments, Powerhouse Ventures, Gratitude Railroad, H/L Ventures, SustainVC, Halcyon Angels, and prominent angel investors. The f