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February 1, 2021 |
The Reconstruction
Solving for climate justice is giving these Black investors an edge in the green economy
ImpactAlpha Editor
Dennis Price
ImpactAlpha, Feb 1 – The design mandate for the green economy: Develop better and cleaner solutions that create jobs, improve health and drive demonstrably better outcomes for communities that have borne the brunt of pollution and climate change.
That is, solve for climate justice and you solve for the environment – and for justice. A growing network of Black investors, entrepreneurs and operators is using their proximity to communities and their own lived experience to build companies at the center of the Venn diagram of urgent challenges.
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
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