Open Energy, a provider of debt financing solutions for U.S. commercial and industrial solar projects, has been selected as a Rising Star finalist for the Platts Global Energy Awards. Open Energy is recognized for developing the first-of-its-kind online borrower platform for non-residential solar developers and asset owners.
The 2016 finalists were chosen from over 170 nominees from 30 nominating countries by program host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Open Energy was selected for its innovative financing platform, which slashes transaction costs for solar developers by up to 70 percent by greatly simplifying the commercial solar loan application, underwriting and funding process.
“Being named a Platts finalist is such an honor, as it demonstrates recognition of our mission to drive the growth of the commercial solar market and enable project ownership,” said Open Energy CEO Graham Smith. “Our technology-driven solution provides highly cost-effective debt products and eliminates the friction that solar developers have traditionally experienced.”
What are the Platts Global Energy Awards?
Established in 1999 and often described as “the Oscars of the energy industry,” the Platts Global Energy Awards highlight corporate and individual innovation and leadership and superior performance in 18 categories that span the entire energy complex.
The Platts Global Energy Award winners will be announced at the 2016 Platts Global Energy Awards gala in New York City on Dec. 8.
— Solar Builder magazine