What is Common Energy?
Common Energy is a prominent community solar provider, managing over 250MW of projects nationwide. The company's innovative programs empower homeowners, renters, and businesses to participate in clean energy initiatives, thereby reducing community emissions and lowering electricity costs without altering their existing utility accounts. Common Energy's services are available in Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Rhode Island, and Oregon. For corporations looking to partner, inquiries can be directed to partners@commonenergy.us.
How much funding has Common Energy raised?
Common Energy has raised a total of $16.6M across 2 funding rounds:
Debt
$150K
Other Financing Round
$16.5M
Debt (2020): $150K with participation from PPP
Other Financing Round (2022): $16.5M led by S2G Ventures
Key Investors in Common Energy
S2G Ventures
S2G Ventures (Seed 2 Growth) is a multi-stage food and agriculture venture fund investing in entrepreneurs whose products and services meet the shifting demands for healthy and sustainable food. S2G looks for companies that can take leadership positions in emerging and fast growing markets in the food and agriculture sector. We make investments spanning the entire food supply chain from soil to shelf, finding the inflection points where innovation and capital can better align the food system to meet changing consumer demands.
PPP
Public-Private Partnership
What's next for Common Energy?
The substantial enterprise-level backing indicates Common Energy is poised for significant expansion, likely focusing on increasing its project portfolio and geographic reach. This strategic investment will probably fuel advancements in their community solar platform and enhance customer acquisition efforts, solidifying their role in the transition to sustainable energy solutions.
See full Common Energy company page
