Ampion PBC Closes $10M Series A Preferred Stock Financing

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Ampion PBC Closes $10M Series A Preferred Stock Financing

Technology Venture Partners leads Series A Preferred Stock investment to accelerate Ampion’s leadership in Community Solar and Renewable Energy

Ampion PBC, the revenue-management software platform solution for Community Solar and other Distributed Generation Assets, today announced it has completed a $10M Series A Preferred Stock financing. The investment, provided by Technology Venture Partners (TVP), will support and finance the company’s accelerating growth. In addition to providing the financing Managing General Partner, Bryson Hollimon and General Partner, Don Bossi will join Ampion’s Board of Directors.

The Series A Preferred Stock financing concludes an exceptional year for Ampion, highlighted by significant growth in the burgeoning market of distributed renewable energy. Ampion’s solutions for ensuring the long-term revenue of these assets include initial acquisition of subscribers and ongoing management of billing and payment. This investment allows Ampion to expand its subscriber acquisition organization, broadening its reach across markets, and increases investment in the company’s leading revenue-management software platform designed to meet the needs of enterprise clients, thereby further extending Ampion’s unique position in the marketplace.

“It has taken five years for this market to coalesce,” said Nate Owen, Founder, Chairman and Chief Executive Officer of Ampion, “and the momentum that we are seeing across the market is astounding. This investment allows us to better support our clients who are expanding aggressively. Our solution is well-positioned for professional operators of Distributed Generation and Community Solar who want a reliable partner with an enterprise-technology mindset.”   

“We found Ampion’s technology position and business model to be compelling from the beginning,” said Bryson Hollimon, Managing General Partner of Technology Venture Partners. “They are led by a highly experienced management team with a big vision on how to support the significant growth taking place in this market. We are enthused about the opportunity to invest and support the Company with the resources they need to execute on that vision.”  

About Ampion 

Ampion is a market leader in the Community Distributed Generation (CDG) industry. Ampion manages hundreds of megawatts of CDG assets, serving residential, commercial and anchor customers. Ampion’s software platform provides compliant acquisition and revenue management functionality to CDG asset owners, while also providing advanced billing and sustainability reporting to small and large CDG subscribers.  

About Technology Venture Partners 

Technology Venture Partners is driven to transform unique, high-potential technology companies into successful businesses and market leaders. Our focus on growth-equity investments in the technology sector allows us to use our financial expertise, industry knowledge and strategic insight to provide guidance to entrepreneurs and company leaders in building successful, market-leading organizations. 

www.tvp.com 

Contact information:

www.ampion.net 

CDG Client inquiries: sales@ampion.net

Press Inquiries: press@ampion.net

 

Ampion becomes a Public Benefit Corporation

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The greater good is the bottom line.

Ampion is proud to be a Public Benefit Corporation.

All of us at Ampion are working to see real progress in the fight against climate change. It is central to our mission. As a Public Benefit Corporation, we make that commitment official and legally binding.

We’re committed to operating in a way that produces sustainable value to all of our stakeholders: our neighbors in the communities we serve, our employees, our investors, and our business partners.  Our success is defined by how well we serve the greater good, not just the profits we earn.

Interfaith Alliance Partners with Ampion & Abundant Energy for Community Solar

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Interfaith Alliance Partners with Ampion & Abundant Energy for Community Solar

The Rochester Area Interfaith Climate Action (“RAICA”) group has partnered with Abundant Energy, supported by Ampion, to facilitate community solar programs throughout greater Rochester. In addition to accelerating the region’s transition to sustainability, the partnership will lower electric costs for local residents, businesses, and houses of worship.

RAICA’s mission is to bring climate solutions to Rochester through the lens of a moral and spiritual call to action. Now, through a partnership with Abundant Energy, RAICA is introducing community solar to its network. Community solar allows customers to receive credits from local solar farms that offset the their RG&E bills. It can result as in as much as a 10% savings on their energy spend.

“As a group seeking to create a meaningful response to climate change,” said Jackie Ebner, co-campaign leader of RAICA, “we are delighted to help our religious communities lower their electricity costs while advancing New York’sclean energy goals. Community solar is the perfect solution for those of us who couldn’t otherwise participate in rooftop solar.”

Ampion is a management company that provides billing and payment services, as well as an interactive user portal, on Abundant Energy’s behalf. “Over twenty houses of worship have signed up, and we’re looking forward to expanding our impact,” said Nate Owen, Ampion’s CEO. “The best part is that these projects are already running and ready to go. This option is clean, local, and affordable, and we’re excited to work with RAICA to help spread this offering.”

Subscriptions are limited. RG&E customers can reserve their spot by visiting www.raica.net/communnity-solar-campaign.

About RAICA:

The Rochester Area Interfaith Climate Action is a group of individuals and organizations of faith in the Rochestermetropolitan area seeking to create a meaningful response to climate change. In doing so, they acknowledge a common conviction to care for the earth and its people, seeking to share resources, leverage their strengths, and magnify their impact. Learn more at raica.net.

About Ampion:

Ampion empowers the clean energy revolution by bringing community energy programs to local communities. Through its software platform, Ampion connects residents, businesses, and other consumers with clean energy facilities that lower their electric costs without the need for installations or upfront investment.

Atkins Farm Partners with Ampion for Community Solar

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Atkins Farm Partners with Ampion for Community Solar

AMHERST, Mass., April 25, 2019

Atkins Farms has partnered with Ampion on a community solar subscription, and as part of a regional promotion, Ampion will attend Atkins’ “Spring Fling” tasting event this Saturday to offer subscriptions to local residents and businesses. Those who enroll at ampion.net/subscribe will receive a $25 Atkins Farm gift card with promo code “Atkins.”

Atkins Farms Country Market is dedicated to providing local and sustainable goods to western Massachusetts. To minimize their carbon footprint and their electric costs, they’ve partnered with Ampion to subscribe to a community solar farm. In addition to the solar array already installed on their property, community solar allows Atkins Farms to further support clean energy, this time without upfront payments or installations.

“We know firsthand what sustainability means for our food, our health, and our economy,” said Pauline Lannon, founder of Atkins Farm, “and our customers trust us not just for our goods but for our sustainable ethics. That’s why we chose community solar to cut our electric costs.”

Additional subscriptions are available to residents and businesses looking to lower their electric payments while supporting clean energy. The solar farm is owned by Halo, a CVE North America company, and managed by Ampion.

“There’s a huge population that wants to support a green economy, but rooftop solar is not an option for them,” explained Nate Owen, Ampion’s CEO. “Community solar is different. Now it’s just a matter of signing up. Savings are immediate, and now anyone help support clean energy and contribute to a better planet for future generations.”

Residents and businesses can enroll for community solar at ampion.net/subscribe or by calling (617) 934-2943. Enrollees who use promo code “Atkins” will receive a $25 gift card to Atkins Farm as part of the program launch.

About Atkins Farms:

Atkins Farms Country Market provides locally produced and privately labeled goods as well as conventional and seasonal products. They provide a safe, clean, and comfortable shopping environment with customer satisfaction as their primary goal. Shoppers can learn more at atkinsfarms.com.

About Ampion:

Ampion empowers the clean energy revolution by supporting community energy programs. Through its software platform, Ampion connects residents, businesses, and other consumers with clean energy facilities that lower their electric costs without the need for installation or upfront costs.

Greater Rochester to Win Big with Community Solar

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Greater Rochester to Win Big with Community Solar

Rochester houses of worship are now reaping the benefits of Abundant Energy’s community solar program. Their participation will save an estimated 10% on their annual electric costs with no down payments or installations. Additional subscriptions are available to residents, small businesses, and places of worship in the area. Reservations can be made at abundantenergy.portal.ampion.net/sign_up.

Under Abundant Energy’s community solar program, Rochester’s religious homes are offsetting their electric bills with “solar credits” generated from Abundant Energy’s solar farms. In addition to the environmental benefits, they also have a financial incentive, as credits are sold at a 10% discount from their value, resulting in an estimated 10% savings on their annual electric costs. Eight houses of worship are currently participating, including Downtown United Presbyterian, Community Christian Church, and Temple B’rith Kodesh.

“As pastor of a church that takes stewardship and creation care seriously,” said Pastor Steve Gretz of Greece Baptist Church, “I’m happy to have us be part of a program that encourages production of more clean, renewable energy–and lets our members save a bit on their bills at the same time. This is a real win-win solution for us!”

On Abundant Energy’s behalf, the solar projects will be managed by Ampion. “Whether it’s a house of worship or its congregants,” said Nate Owen, Ampion’s CEO, “community solar is the answer, plain and simple. It’s the answer to sustainability, local economy, and lower bills. It makes a big difference, which is why we’re trying to reach as many people as we can while we still have capacity.”

Additional subscriptions are available to residents, small businesses, and other customers of Rochester Gas & Electric. You can learn more and enroll at abundantenergy.portal.ampion.net/sign_up or call (585) 299-5966.

About Abundant Energy:

With competitive levels of industry experience, Abundant takes solar development ideas and transforms them into viable, energy producing entities with financial and environmental benefits for everyone. They are fully committed to the origination, development, installation, and operation of solar power projects across North America. Visit their website at www.abundant.solar.

About Ampion:

Ampion empowers the clean energy revolution by bringing community energy programs to local communities. Through its software platform, Ampion connects residents, businesses, and other consumers with clean energy facilities that lower their electric costs without the need for installations or upfront costs.