Investment in solar energy is a cornerstone for the renewable energy transition. Image source: Shutterstock (#529456828)
Arcadia Power has recently secured an additional $6 million in Series A funding by Energy Impact Partners, BoxGroup and Wonder Ventures. Aimed at partnerships with utility companies and expansion in solar initiative communities, this funding will help Arcadia speed up its future plans. Kiran Bhatraju, co-founder and CEO of Arcadia Power said,” Our goal since Day 1 has been to provide all utility customers with a modern experience and the options they deserve for affordable clean energy. Energy Impact Partners is a strong supporter of tech and business models that enhance customer-utility engagement to drive sustainable energy generation and consumption. Their investment will enable us to bring innovative energy products to customers and utility partners nationwide.” Sameer Reddy, VP at EIP said,”In a relatively short amount of time, Arcadia has been able to develop valuable customer relationships with a highly engaged customer base. As utilities look for additional opportunities to drive revenues through a differentiated customer experience, partnering with solutions like Arcadia’s will be increasingly important.”
Clean Technica
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