Solar thermal technology start-up Sunnovations has closed on a Series A round of financing led by cleantech investment firm Two Seven Ventures, based in Aspen, Colo.
The company plans to use the investment to accelerate geographic expansion of its Installer Partner Network, invest in channel support, and continue to develop and extend its product road map.
According to Sunnovations, patented geyser-pump technology enables solar water heating systems for residential and small commercial applications that are less expensive, easier to install and more reliable than comparable systems.
SOURCE: Sunnovations
