The New Energy Capital Cleantech Infrastructure Fund has made a $12 million investment in FLS Energy Inc., an Asheville, N.C.-based installer of commercial solar hot water systems and integrator of photovoltaic solar systems in the southeastern U.S.
According to FLS Energy, the investment will create approximately 30 new jobs related to the manufacture and installation of solar hot water and PV equipment.
New Energy Capital partnered on the investment with the CleanTech Alliance Fund, managed by North Sky Capital of Minneapolis. New Energy Capital was represented by Rath, Young & Pignatelli of Concord, N.H.
