Sunday, October 2 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Solar e-commerce firm Project Solar raises USD 23m


    August 8, 2022 - SeeNews Renewables

     

      August 8 (Renewables Now) - US solar e-commerce outfit Project Solar on Friday said it has completed a USD-23-million (EUR 22.5m) Series A financing round to help scale its business in additional markets.

      The funding round was led by New York-based venture capital firm Left Lane Capital, “with additional support from strategics within the industry.”

      Project Solar said it will also invest in the development of its technology that covers the whole solar process from automated quoting to project management. Set up in 2021, the company initially targeted do-it-yourself customers but turned its gaze to full installation and now has an installer network across 20 solar-friendly states, according to the announcement. Project Solar expects to have 30 MW of solar installed this year and aims to deploy 150 MW during 2023.

      The company says that by cutting out the commissioned sales representatives it can offer significantly lower prices to consumers, selling at an average of USD 2.20 per watt.

      "With rising energy costs and more awareness of our climate impact, it has never been better for the consumer to consider solar as a complete energy solution for their home," remarked Derek Urben, investor at Left Lane Capital.

      (USD 1 = EUR 0.977)

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.