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Recurrent Energy  Acquired by Sharp (2010 $ 305,000,000 )

300 California Street, 8th Floor
San Francisco, CA 94104
(415) 675-1500
Website Company Summary Management Team

Former outside board: Jon Feiber (Mohr, Davidow Ventures) Don Hutchison (Excite@Home Former CEO) Allen Anderson (Meridian Industrial Trust REIT)

Business description: Recurrent Energy is transforming the solar energy marketplace--bringing solar to the mainstream via our turnkey Solar as a ServiceSM offering. We meet the unique needs of organizations with large property portfolios, applying our capital and operating expertise to transform vacant rooftops into value-generating assets. The idea is simple, but the results are revolutionary. We install, own, and operate solar power systems on our clients' rooftops. Our clients secure a long-term supply of clean solar energy for their properties without the expense and difficulty of doing it themselves. They pay only for the energy they use at rates that are competitive with today's utility tariffs. We enable our clients to tap the solar potential of their existing property portfolios, creating value and operating advantages that include energy cost savings, reduced greenhouse gas emissions, and green marketing opportunities--without any capital investment.
Customers include: Ontario, Canada

Rounds: 2
Recent Fundings: Jul 2008   Jun 2007
Capital raised: 85.0M
Last Round: 75.0M
Ownership: Acquired by Sharp (2010 $ 305,000,000 )
VCs include: Mohr, Davidow VenturesMorgan Stanley ;  JEM Partners;  Hudson Clean Energy Partners

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Last Mentions

Record updated: Dec 2011
Sector: Clean Technology
Year Founded: 2006
Headcount: 76-100
Rounds: 2
Recent Fundings: Jul 2008   Jun 2007
Capital Raised: 85.0M
Last Round: 75.0M
Ownership: Acquired by Sharp (2010 $ 305,000,000 )