New Financing: Seattle-based Omnidian today announced a $ 33 million investment round, bringing the climate technology company’s total financing to $ 53.4 million. The company operates software platforms that monitor the performance of solar energy assets for more than 80 corporate clients, including developers, utilities, financial organizations, and corporations. Omnidian also manages assets for thousands of homeowners.
Ready for renewables: The Biden administration set a goal of net zero carbon emissions from the power sector by 2035, requiring the country to bring massive amounts of solar, wind and other clean energy online in a short period of time . Omnidian, which bills itself as the only company nationwide to provide reports on solar power performance, currently manages 1,700 megawatts of power – roughly enough power for 1.3 million homes.
“Residential and commercial solar is moving toward mainstream adoption and with that comes the demand for a higher level of service and the assurance that a customer’s system is performing as expected,” said Mark Liffmann, Founder and CEO. of Omnidian, in a statement.
In addition to tracking solar energy production, the company has launched a similar service to evaluate energy storage, namely batteries, at the residential and commercial level. Its platform provides service alerts and field service to ensure reliable performance of power sources.
The team: Omnidian launched in 2016 and has grown to more than 100 employees in 16 states. The new funding will allow for international expansion, possibly in Australia, Europe and Latin America.
Liffmann has worked for solar and clean energy companies for nearly two decades.
Investors: The Series B round was led by Activate Capital. Additional investors include Liberty Mutual Insurance and WIND Ventures, the strategic venture capital arm of Chilean multinational energy firm Copec, as well as existing investors City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry and Blue Bear Capital.