OneEnergy Renewables, a Seattle startup that describes itself as a developer of distributed, utility-scale solar photovoltaic projects, has raised $5 million in funding from Ecosystem Integrity Fund, cleantech angel group Element 8 and others.
“We’re seeing strong demand from institutional customers that want to access the fixed-price benefits of solar power, at scale. These off-site projects deliver substantial energy cost savings, significantly improve the risk profile of operating budgets, and accelerate the transition to clean energy,” said Bryce Smith, CEO and co-founder of OneEnergy Renewables.
OneEnergy was founded in 2009 by Smith. He previously served as the director of the Bonneville Environmental Foundation’s Project Management Group.