Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Omnidian closes $15 million for solar system performance guarantees

ImpactAlpha, June 26 – Seattle-based Omnidian is de-risking solar energy systems by selling homeowners and asset managers performance guarantees for the systems they buy. The company has raised $15 million, led by insurance-focused venture capital firm IA Capital led the round.

Omnidian sells guarantees to home solar system owners on a subscription-basis via solar dealers, lenders and installers. Its monitoring software then goes to work to estimate a system’s baseline production and tracks changes in performance. When their software detects an issue, it works with technicians to examine the system. Omnidian guarantees 100% of the baseline energy or it reimburses customers.

Omnidian’s Mark Liffmann said in an interview that its product takes the pressure off of homeowners and asset owners to “maintain these complicated assets.”

The company manages about 75,000 systems. This includes individual home systems as well as company-owned residential portfolios.

Omnidian’s Series A round saw participation from National Grid Partners, an early investor, and two other utility company venture funds, Evergy and Avista. Blue Bear Capital, Congruent Ventures and City Light Capital also backed the round.

The funding will support the company’s residential services expansion and allow it o launch into the commercial market. 

You might also like...