NewWorld Capital Group LLC and Constellation Technology Ventures, the venture capital arm of Exelon Corp., have partnered with PosiGen Inc., a provider of fully financed solar photovoltaic and energy efficiency services to low- to moderate-income homeowners in Louisiana, New York, Connecticut and Florida. The companies say the financial assistance provided will be used to support PosiGen’s continued growth and development.
“We are delighted to work with NewWorld and Constellation Technology Ventures to expand our presence in new states and continue to make solar and energy efficiency easy and affordable for a large and underserved market,” comments Thomas Neyhart, CEO of PosiGen.
Michael Smith, head of Constellation Technology Ventures, adds, “PosiGen’s unique focus combining solar leasing with energy efficiency aligns well with our philosophy of expanding the types of energy products and services available to residential customers. In addition, we believe PosiGen’s focus on low- to moderate-income customers can provide significant quality-of-life benefits in multiple markets nationwide.”