The Venture Codex

Led · Equity · Nov 2016

National Energy Partners develops, finances, builds, operates and maintains photovoltaic solar energy systems for commercial customers and the U.S. government. The company delivers ground-mount and rooftop installations and manages projects across development and construction phases. Led by CEO Jeremy Conner, NEP focuses on bringing clean, renewable energy to businesses and public-sector clients. The company has a pipeline of development and construction photovoltaic projects that it seeks to advance quickly. NEP’s current financial arrangement is structured to provide both development capital and construction equity financing for its portfolio. The new financing is intended to accelerate deployment of the company’s solar projects.

Led · Series B · Mar 2016

United Wind develops and finances distributed-scale wind projects that allow property owners and mid-sized businesses to lease a small wind turbine with no upfront payment. Through its proprietary WindLease™ platform, customers lock in long-term electricity rates and reduce exposure to rising energy prices. The company reports strong demand, having signed more than 20 WindLease™ customers in September alone. United Wind primarily installs turbines in Western and Central New York State, areas with favorable wind resources and high energy prices. The firm positions its offering as a low-cost alternative to grid electricity while handling all project development and maintenance. Its business model relies on project financing to fund turbine installations, enabling rapid customer adoption without balance-sheet strain. The latest $10 million financing commitment strengthens its ability to scale deployments and meet rising demand.