Tag: financing
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DOE offers $18 million to fund for Flexible Innovative Transformer Technologies
The U.S. Department of Energy has announced an $18 million funding opportunity for Flexible Innovative Transformer Technologies (FITT). Through this funding opportunity announcement, DOE will select up to nine awardees that are able to research, develop and demonstrate advanced transformers across a range of distribution to transmission scale applications, improving grid reliability and easing transformer……
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Sunstone Credit offers Express Loan for small businesses switching to solar
Despite the myriad advantages of solar energy, most small businesses struggle to secure loans for their solar systems. They typically have to pay cash, use more cumbersome financing options, or in the worst case scenario, give up and forgo solar entirely. Commercial solar lender Sunstone Credit announced a new loan product last week, Express Loan,……
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A new development capital solution for solar developers
In the competitive landscape of solar project development, securing adequate development capital remains a significant challenge for many in the industry. With traditional funding sources often presenting hurdles in the form of high interest rates and stringent repayment terms, developers find themselves in a precarious position. This common plight in solar project financing has been……
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Solar companies raised $34.3 billion in corporate funding in 2023
Mercom Capital Group reported that solar companies raised more capital in 2023 than in any other year in more than a decade. The clean energy communications and consulting firm released its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2023. Total corporate funding, including venture capital (VC) funding,……
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Flic Financial CEO explains key to ‘collaborative’ home solar financing
Houston-based Flic Financial says it is partnering with an elite class of solar energy installers and leading lenders to help homeowners realize their goals of energy independence. “Before we entered the market, it was a one-size-fits-all residential solar financing landscape that did not reward quality installers with access to differentiated loan products based on the……