As renewable energy use surges in the U.S. and the effects of global climate change become more visible, companies like Arcadia Power are pitching a nationwide service to make renewable energy available to residential customers. While states like New York, California and regions across the upper Midwest have access to renewable energy through their utilities and competitive marketplaces, not all states in the country have utilities that are building renewable power generation to offset coal and natural gas energy production. Enter Arcadia Power and its new $25 million in financing, which will be used to redouble its marketing efforts and expand its array of services in the U.S. Right now, renewable energy is the fastest growing component of the U.S.
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Jonathan Shieber, TechCrunch
Wed, 08/15/2018 - 4:14pm
Topics: new york california midwest enter arcadia power u.s business council sustainable energy bloomberg new energy finance u.s reduced finally led the kiran funding kleiner perkins valueact spring fund mcknight foundation energy impact partners cendana capital wonder ventures boxgroup alex laskey opower s ben kortlang dan leff we re maryland when 120 mw u.s arcadia power arcadia bhatraju g2vp million expand services renewable energy customers projects solar savings percent company offset wind usage financing states competitive residential change long executive country generation climate global utilities companies chief investment electricity efficiency home monthly guaranteed markets array purchase community renters smart
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