Tag Archives: funding
In Focus: People Power!
Carbon dioxide might be getting close to the infamous 400 parts per million (ppm) but here at Mosaic we’re finding hope in what we’re calling the 800 investors per million. That’s the number of people who have invested in our largest solar project ever, a 487 kW installation on New Jersey’s famous Wildwoods boardwalk. These [...]
Everybody Solar Completes Funding for Rebuilding Together Peninsula Project
Everybody Solar announced today that it has surpassed its fundraising goal of $34,000 and can now begin its inaugural solar project, a 13.5 kW system on the roof of Rebuilding Together Peninsula (RTP). The fundraising effort kicked off in May of last year and has attracted approximately 100 donors to date. This installation will bring much needed solar [...]
OneRoof Energy Raises $100M
Residential solar financing companies are continuing to expand, thanks to homeowner demand and financiers willing to invest. Most recently OneRoof Energy has joined the fray, completing an agreement to invest in up to $100 million in residential solar projects. That brings the company’s total up to more than $200 million in funding. The recent agreement [...]
Why The Solar Industry Needs Capital
In the past few years, the solar industry has been suffering from a lack of capital on both the equity and debt fronts. Despite remarkably high rates of return, tax equity investment still only amounts to around $4 billion per year — roughly 0.2% of its potential in the United States based on total individual [...]
‘Extreme Solar Cells’ Funded by DOE’s SunShot Program
We often hear about companies or universities developing much more advanced solar cells than are on the market today, but we often don’t report on them because they may never see the light of day. As part of the Department of Energy’s SunShot Initiative, $12 million will be awarded to close the gap between research and the [...]
Crowdfunding Solar: Why It’s So Important
Crowdfunding is populism’s answer to the bank, and it’s being applied to solar. This once novel concept – a collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations – has evolved into a force and molded itself into an exciting company [...]
Sungevity Scores $125M
Sungevity, the solar financing and solar software startup, just announced $125 million in new venture capital and project financing. It’s another sign that investors still see value in the downstream solar market. SolarCity (SCTY), recently public, is trading at $13.72 per share. The optimism embedded in SolarCity’s stock performance likely helps companies like Sungevity or [...]
Everybody Solar: Solar Crowdfunding in California
Youness Scally founded Everybody Solar in 2011. Its mission is to help nonprofits go solar, thereby benefitting not only the environment but also the nonprofit’s budget. By reducing its power bills, a nonprofit can focus resources on its programs instead of on operating costs. And that helps the community the nonprofit serves. Everybody Solar focuses [...]
Stion Grabs $25M to Boost Production
Just in time for the holidays, Stion Corp. has announced its latest, $25 million round of financing to allow the start-up photovoltaic maker to move forward with its plans to start commercial manufacturing of its next generation photovoltaics. The company is working to bring it’s unique, tandem copper indium gallium diselenide (CIGS) module thin-film photovoltaic [...]