ImpactAlpha, December 16 – PosiGen launched a decade ago to give low-income households a chance to switch to solar power. The New Orleans-based company has more than 17,000 customers across Louisiana, Connecticut, New Jersey, New York and Florida. PosiGen estimates its customers save roughly 20% on energy costs. Tripp Baird of Builders Fund, a PosiGen investor, commented on PosiGen’s “unique model combining economic upside with carbon mitigation and economic empowerment.”
Builders led PosiGen’s $33 million Series D equity round, with 2040 Fund and Emerson Collective. The deal is the first from Builders’ second fund, which recently reached a $30 million first close.