Common Energy, a NYC-based community solar provider, raised an undisclosed amount in funding.
The backers were not disclosed.
The company intends to use the funds to support growth in existing markets, and expansion into emerging markets including California, New Mexico, Ohio and Pennsylvania.
Led by CEO and Founder Richard Keiser, and COO Christophe Charpentier, Common Energy is a community solar provider that services projects in community solar states in the country. The company works with developers to build and connect new community solar projects to the electrical grid. Its SaaS-based energy platform provides developers with visibility on project performance, enabling higher project ROI. The company currently manages community solar projects in the nine largest state markets, for the majority of the industry’s largest project owners.