Over 300% increase in funder portfolio makes financing easier for businesses adopting clean energy solutions
Waterloo, ON – May 01, 2024—EnPowered, a leader in providing access to financing for commercial clean energy hardware projects, today announced it has completed its acquisition of LED.Finance, an energy financing company with over 30 years of experience supporting contractors, manufacturers, and distributors across the United States. This acquisition strengthens EnPowered’s commitment to reducing financing barriers for clean energy projects and grows its capacity to find financing options that perfectly fit the needs of clean energy contractors.
As one of the best-known cleantech financing brokerage firms in the U.S., LED.Finance has made it easier for hundreds of commercial, industrial, and municipal clients to access capital and commission energy efficiency and renewable energy projects.
“LED.Finance has carved out a unique and valuable position in the clean energy financing marketplace by providing a wide range of products and services to make energy efficiency projects a reality,” said Tomas van Stee, CEO of EnPowered. “Pairing our combined funder networks with EnPowered’s unique technology gives customers more options to meet their cash flow goals and eliminate many of the headaches around complex financing processes.”
Over 300% increase in funder portfolio
LED.Finance has led the industry in finding innovative funding partners and customizing financing solutions to help clean energy contractors grow and succeed. This acquisition expands commercial financing experience and adds significant value to EnPowered’s funder portfolio, including funders that provide 10-year or greater terms for solar projects. More funders mean more options to minimize the cash flow impact on businesses adopting clean energy solutions, including financing terms, rates, incentives, and down payments.
LED.Finance founder and managing director Ross Reida continues to support EnPowered by working closely with sales and leadership teams to facilitate customers’ transition to clean energy.
“We are excited to bring our deep well of resources and experience to EnPowered’s market-leading financing platform for energy efficiency and clean energy solutions,” said Ross Reida, Managing Director, Commercial Energy Efficiency Finance at LED.Finance. “The industry needs new ways to bring realistic, streamlined financing to businesses and we are proud to be part of that change.”
About EnPowered
EnPowered is a cleantech company accelerating the adoption of clean energy hardware solutions. The company’s platform provides streamlined access to commercial financing to accelerate the acquisition of clean energy hardware solutions by businesses. EnPowered also predicts spikes in electricity prices, prompting assets to shift usage to save money and decrease emissions. Learn more at enpowered.com.
Founded in 2015 in Waterloo, Canada, EnPowered is continually expanding its North American partner network of energy solution providers.
About LED.Finance
LED.Finance is a trusted energy efficiency financing partner for contractors, manufacturers, and distributors. Our simple, customized financing options remove your customers’ purchasing barriers and help you close deals.
With 30 years of financing experience – a decade dedicated to energy efficiency project financing – the LED.Finance team understands the complications and challenges associated with these projects. We empower your team by creating turnkey financing solutions to offer with every deal. With financing, your customers have no up-front costs and their energy savings pay for the project.
Media contact:
Stefan Celeski, Director of Marketing
Related Resources
