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Arcadia has closed on a growth round to support expansion of its community solar program, alongside products leveraging AI to unlock new use cases built on the company’s energy data.

The round includes a fund managed by Macquarie Asset Management as a new equity investor, alongside existing investors Energy Impact Partners, J.P. Morgan Asset Management, BoxGroup, G2 Venture Partners, Camber Creek, Triangle Peak Partners and Broadscale Group.

“With this funding, Arcadia can continue to meet growing demand from our 300-plus enterprise customers and 75-plus community solar developer partners, all of whom are accelerating deployment and adding new solutions like battery storage, heat pumps and EV charging to their portfolios,” says Kiran Bhatraju, founder and CEO of Arcadia.

Concurrent with the close of the financing round, Arcadia closed a new $30M credit facility with J.P. Morgan.

The post Arcadia Raises $50M to Accelerate Community Solar Product Growth appeared first on Solar Industry.

Arcadia Raises $50M to Accelerate Community Solar Product Growth

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Renewable Energy

Myth Busting in Renewable Energy

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I met a guy earlier today who told me that wind and solar are controversial, and that some people say that the mining and manufacturing of wind turbines requires more fossil fuels that the turbines themselves produce.

I told him that I’m aware of such people; they’re called “professional liars.”

I explained the concept of EROI, energy return on investment, and surprised him by saying that the EROI of wind is somewhere between 18 and 30, meaning that each wind turbine you see as you drive along the freeway will generate at least 18 times as much energy as was required in its mining, fabrication, installation, maintenance, and decommissioning–all the way up to 30 times that amount.

The generation of disinformation of renewables has become a cottage industry.  People are paid to make up and publish complete bullshit, so as to discredit the burgeoning clean energy industry, and keep Big Oil in place.

Myth Busting in Renewable Energy

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Renewable Energy

Thanking God for Trump

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As bad as things are in the United States, they could always get worse.

Trump could succeed in his quest to be a dictator, Christianity could be taught in schools, and unvaccinated adults and their kids could trigger another epidemic.

In terms of our reputation on the world stage, however, things really can’t get must worse; the countries around the globe already regard us with a mixture of hate and derision.

Yet regardless of what the future holds, there will always be idiots who that believe that Trump is our savior, like the author of the meme above.

Thanking God for Trump

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Renewable Energy

Eastman Disbarred

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Good to see John Eastman disbarred in California; it’s a small measure of justice.

Criminal prosecution in the future?

Eastman Disbarred

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