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Silicon Valley's Solar Innovators Retool to Catch Up to China

Silicon Valley's Solar Innovators Retool to Catch Up to China
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PosiGen Completes Successful Second Close of Series D Growth Equity Financing


PosiGen Completes Successful Second Close of Series D Growth Equity Financing
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NEW ORLEANS, April 28, 2021 /PRNewswire/ PosiGen, the nation s leading provider of renewable energy and efficiency solutions for low-to-moderate income (LMI) households, is pleased to announce the second close of its Series D growth equity financing with an additional $27 million investment from a syndicate of leading private equity investors, including Activate Capital, Kayne Anderson and SJF Ventures. The second closing of the Series D brings the total round to $60 million.
PosiGen s mission is to close the clean energy affordability gap for LMI homeowners by delivering lower cost utility bills and the environmental benefits of clean energy through rooftop solar and energy efficiency upgrades. PosiGen has served over 17,000 customers to date, including approximately 50% in communities of color, and is now positioned to rapidly ....

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