OneEnergy Renewables raises more cash to develop solar projects across North America
Seattle-based solar energy startup OneEnergy Renewables has raised more cash to help develop large-scale solar energy projects across North America.
The company just reeled in another $300,000 that is part of a larger $2 million convertible note; the startup has raised $1.8 million of the note since June 2016.
OneEnergy plans to use the funding for project development and working capital, VP of Operations Jennifer Barnes confirmed on Monday.
Recently, OneEnergy developed projects for clients such John Hopkins in Baltimore, where it worked on a project featuring more than 40,000 solar panels on a 97-acre plot. It’s developed similar projects in Oregon.
The 25-person company raised a $5 million round in October 2014. Bryce Smith and current CEO Bill Eddie cofounded OneEnergy in 2009.
OneEnergy was highlighted in this post written in November by Washington-based Climate Solutions, which called for “unprecedented investment in clean energy and climate adaptation” given President Trump’s energy policies.