Neighborhood Sun Receives $750,000 Investment From TEDCO’s Venture Funds Maryland community solar start-up seeks to provide renewable energy solutions to all individuals, regardless of their homeownership or income status
SILVER SPRING, Md.
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January 18, 2023 11:02 AM Eastern Standard Time
Neighborhood Sun, a tech-enabled community solar company and Certified B Corporation increasing access to renewable energy solutions, announced today receiving an investment of $750,000 from TEDCO’s evergreen Venture Funds, which are dedicated to funding and growing the next generation of outstanding early-stage businesses in Maryland.
“By connecting individuals to solar farms, Neighborhood Sun helps to provide a versatile eco-friendly energy solution to the public,” said Katherine Hill Ritchie, senior director of Venture Funds, TEDCO. “This technology solution benefits not only the individuals looking to use cleaner energy, but also the environment by creating less energy pollution, reducing the carbon footprint and creating more green jobs which, in turn, help promote a necessary transition to renewable energy.”
TEDCO provides funding, resources, and connections that early-stage technology and life sciences companies need to thrive in Maryland.
“We are thrilled to have the opportunity to partner with TEDCO in building a powerful Maryland-based technology company that brings the promise of solar to everyone, not just the select few,” said Gary Skulnik, Founder and CEO of Neighborhood Sun. “TEDCO’s funding will enable us to expand our service offerings and invest more in our technology platform, SunEngine™, all while increasing our positive impact.”
Neighborhood Sun, based in Silver Spring, Md., is a Certified B Corporation using its fully customizable community solar software, SunEngine™, to provide residents, organizations, and businesses with access to the discounted renewable energy generated by local solar farms. This community solar model allows residents to support renewable energy without getting their own rooftop panel installations, eliminating typical barriers to solar access like income, location, and homeownership status. Neighborhood Sun currently manages over 170 megawatts of community solar projects on its SaaS platform, providing a combination of customer acquisition and management services in seven states plus the District of Columbia.
About Neighborhood Sun
Neighborhood Sun is committed to bringing the promise of solar to everyone, not just the select few. The company is a national leader in expanding solar access to underserved communities to address energy equity. Through its SunEngine™ advanced software platform, it offers a flexible, secure and fully transparent platform for solar developers or asset owners, plus a simplified enrollment experience for customers. For more information, go to www.neighborhoodsun.solar.
Contact Details
Neighborhood Sun
Stephanie Monmoine
+1 919-451-0883
stephanie.monmoine@neighborhoodsun.solar
Company Website
