Perch Energy Raises $30M From Nuveen

Perch Energy, a Boston, MA-based a clean energy technology platform and community solar servicer that connects solar developers with consumers, raised $30M in Series B funding.

Noveen made the investment.

The company intends to use the funds to support the continued development of its clean energy tech platform, accelerate expansion into new sales channels, products, and community solar markets, scale operations and customer care services, grow management talent, and strategic partnerships.

Led by CEO and President Bruce Stewart, Perch Energy is a community solar servicer that enables renters, homeowners, and businesses to save on energy. Its clean energy technology platform offers a suite of services to solar farm developers and asset owners to maximize ROI, from customer acquisition, onboarding, lifecycle management, and billing, to regulatory and policy expertise for navigating program rules.

Today, the company provides acquisition and management services for more than 140 active community solar projects owned by the top developers and asset owners.

Perch has provided services for solar projects which have generated or will generate over one billion kilowatt-hours (kWh) of energy across Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, and Washington D.C., with expansion plans into California, Delaware, Illinois, and Virginia.