Clean Power Finance Announces Growth Equity Investment from Duke Energy, Helps SEPA Educate Utilities about Distributed Solar
San Francisco—[June 27, 2013]—Clean Power Finance (CPF), the leading provider of financial services and software for the distributed solar industry, today announced Duke Energy, the largest electric power holding company in the U.S., as its latest strategic growth equity investor. Duke joins existing CPF equity investors Edison International and two unnamed utility holding companies.
“Clean Power Finance is a leader in the rooftop solar distributed generation market — one of the most dynamic and fastest-growing spaces in our industry,” said Jim Rogers, chairman and CEO of Duke Energy.
“There are a number of ways CPF helps power companies invest in and profit from distributed solar,” said Nat Kreamer, chief executive officer of Clean Power Finance. “Duke’s investment is a vote of confidence in our business and the future of distributed solar.”
As part of its ongoing efforts to educate electric utilities about the value and benefits of distributed solar, CPF will present a joint webinar with SEPA (the Solar Electric Power Association) on August 8 at 2:00 p.m. ET. The webinar will inform SEPA utility members and non-members about how they can invest in distributed solar generation as well as benefit from distributed solar operating on their grids.
“Many electric utilities do not know how they can take advantage of third party owned distributed solar,” said Kreamer. “CPF is educating the power industry about distributed solar’s economic and physical advantages.”
About Clean Power Finance
San Francisco-based Clean Power Finance (CPF) provides financial services and software to the distributed solar industry. CPF connects solar professionals with institutional solar finance investors through the CPF Market™, the online business-to-business marketplace for distributed solar financing, and provides the solar industry with CPF Tools™, the leading solar sales SaaS application. Solar professionals use CPF to access a variety of unbranded, third-party owned finance products and easy-to-use solar sales quoting and design tools. Investors and lenders use CPF to invest in distributed solar projects that provide reliable rates of return with managed risk. Founded in 2006, CPF now manages half a billion dollars of project financing on behalf of third-party solar investors.