We surveyed the current solar landscape looking at companies who had raised capital in the past without any subsequent financing which can mean good opportunity for a new investor, acquirer or partner to propel the company forward.
These companies are still performing, some investors are out of capital, some appear to have changed priorities, and some look ready for an exit. After three years of holding, the typical institutional investor is going to start looking at the door.
We suggest 22 opportunities below, as part of our ongoing coverage and actionable opportunities in the solar space.
Company: Altus Power America Management
Description: Altus Power America Management is a Greenwich, CT-based company that invests in, owns and operates clean energy projects. The partners’ financial expertise and backgrounds in construction, engineering and design combined with the firm’s institutional sponsorship provide an efficient and scalable platform to provide renewable energy and solar solutions to commercial and public sector clients.
Total Funding: $205M
Last Funding Date: 10/06/2016
Last Funding Amount: $205M
Last Funding Investors: FS Investments, Goldman Sachs, Global Atlantic Financial Group
Company: Applied Solar Technologies
Description: Applied Solar Technologies is a Delhi based, off-grid solar energy service provider. AST seeks to help commercial establishments reduce their dependence on diesel by implementing its solar hybrid solution. AST is implementing its technology in the telecom towers industry, which consumes close to 2 billion liters of diesel every year, and is looking to expand to other verticals as well.
Total Funding: $85.6M
Last Funding Date: 06/08/2015
Last Funding Amount: $40M
Last Funding Investors: Capricorn Investment Group, Australian Future Fund, Bessemer Venture Partners, International Finance Corporation
Company: Blue Raven Solar
Description: Blue Raven Solar specializes in providing clean energy solutions to residential customers with no upfront costs and guaranteed savings on their power bill. Blue Raven also offers an additional promotion of an initial year of free energy.
Total Funding: $6M
Last Funding Date: 10/29/2015
Last Funding Amount: $6M
Last Funding Investors: Peterson Private Equity
Company: Brite Solar Technologies
Description: Brite Solar is developing transparent solar glass technology which can produce the most energy-efficient greenhouses. Our smart glass based on a new composite nanomaterial functions as a PV panel. With its 70% transparency, it allows enough sunlight to be delivered to plants while generating the electricity needed to maintain the best condition inside the greenhouse.
Total Funding: $20K
Last Funding Date: 11/27/2015
Last Funding Amount: $20K
Last Funding Investors: HighTech XL
Company: Ezon Energy
Description: Ezon Energy is an innovative, capable, experienced and professional engineering enterprise committed to green energy development. The company is solar / micro wind power developers and integrators for both off-grid (stand-alone and captive) and on-grid applications (farms).
Total Funding: $21M
Last Funding Date: 10/27/2016
Last Funding Amount: $21M
Last Funding Investor: Natori Nohisa
Company: HIQ Solar
Description: HiQ Solar is dedicated to innovation in the area of solar power and renewable energy. Founded in 2009, the company draws on decades of industry experience in high-tech, with a veteran team from the precision communications test and measurement field. With a successful track record of bringing leading-edge products to market, the company uses a systematic approach to reliability and user-focused design.
Total Funding: $11.5M
Last Funding Date: 09/10/2015
Last Funding Amount: $11M
Last Funding Investors: Horizons Ventures, Draper Athena, Accordance Ventures
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