WASHINGTON, April 11, 2024 /PRNewswire/ -- Arcadia, a global utility data and community solar platform, today announced the close of a growth round. This financing will support the continued growth of the company's market-leading community solar program, alongside product innovation leveraging AI to unlock new use cases built on the company's trove of energy data.The round includes a fund managed by Macquarie Asset Management ("Macquarie") as a new equity investor, alongside existing investors Energy Impact Partners, J.P. Morgan Asset Management, BoxGroup, G2 Venture Partners, Camber Creek, Triangle Peak Partners, and Broadscale Group."With this funding, Arcadia can continue to meet growing demand from our 300+ enterprise customers and 75+ community solar developer partners, all of whom are accelerating deployment and adding new solutions like battery storage, heat pumps, and EV charging to their portfolios," said Kiran Bhatraju, founder and CEO of Arcadia."We believe Arcadia and their technology sit at the center of so much climate innovation," said Greg Callman of Macquarie, who will also join the company's Board of Directors. "Their data platform aims to unlock utility and energy data for a wide range of businesses and use cases, enabling the next wave of climate solutions. I'm excited to join the Arcadia team as a board member and look forward to seeing their continued growth and innovation."Concurrent with the close of the growth round, Arcadia closed a new $30M credit facility with J.P. Morgan

FN Media Group News CommentaryPALM BEACH, Fla., April 11, 2024 /PRNewswire/ -- The Community Solar industry has grown dramatically over the past few years and is expected to continue in coming years. Forbes described Community Solar as: "… a solar energy program that allows multiple individuals to share the benefits of a single solar energy system. This concept was developed to provide solar energy access to people who cannot install solar panels on their own property because they lack suitable roof space, live in rented or multi-family properties or cannot afford the upfront installation costs. Participating in a community solar project allows individuals to access clean and renewable energy while receiving credits on their electricity bills. This method also makes solar energy available to more people from different backgrounds and encourages everyone to support clean energy practices, ultimately leading to a greener future." A report on CNET.com added: "Instead of buying and installing solar panels on your home -- a decision that could see you footing steep upfront costs -- community solar programs allow residents to subscribe to pull their energy from large arrays of solar panels located nearby. Community solar programs expanded in key states in 2023 and a new report by a leading company in the industry points to significant growth in the next few years

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsWith very few shopping days left before Christmas, the scramble to come up with gift ideas for loved ones and friends at the last minute can be challenging. If you’re a procrastinator and have waited until now to begin (or finish) holiday gift shopping, and you’re looking for some ideas for clean tech or low tech presents, we’ve put together a list of some options to consider. And while this list is by no means exhaustive, maybe it will give you some ideas to begin with, which might be the inspiration for other ideas for relevant clean tech or low tech gift options.Drying rack: Drying laundry indoors or out without the need for any external energy inputs is a great way to reduce your energy footprint, and depending on your local weather and humidity level, can be an effective and simple way to treat your clean clothes or other fabrics. Indoor drying racks, such as this one (currently on sale for almost half off), don’t take up a huge amount of space, and can either be set up outside on a balcony or patio, or inside the home, and can be easily collapsed for storage. Another option for those with yard space is a retractable clothes drying line, as they are easy to mount (and remove when moving) and in arid climates can dry clothing effectively even in cold weather