SolarCity, the cleantech company backed by Tesla and SpaceX CEO Elon Musk, filed for an IPO this past week. But there’s hardly been a peep about it compared to most offerings.
That’s because under the recently passed JOBS Act, SolarCity didn’t have to publicly share anything about its financial performance when it filed. This is unlike LinkedIn and Pandora, which had to publicly release three… → Read More
Google today announced a new partnership with SolarCity, committing $280 million from its coffers to finance SolarCity installations, namely solar rooftops for homes in North America.
The partnership brings Google employees a discount on residential solar installations and services from SolarCity. On a worldwide basis, according to the company’s last quarterly earnings report, Google employs… → Read More
On Wednesday, SolarCity added $158 million to the pool of funds that it uses to finance, design, develop and install commercial or residential solar power projects in the U.S. The latest fund came through a partnership with U.S. Bancorp (a subsidiary of U.S. Bank) and gives SolarCity more than $1 billion in financing capacity… → Read More
SolarCity, a company that designs, installs and secures financing to put solar power generating systems in homes in North America, keeps reeling in the financial partners. This time, the San Mateo, Calif.-based startup convinced Citigroup to finance $40 million in U.S.-based home solar projects in 2011, a representative from Citigroup confirmed.
The chief executive of Solar City, Lyndon Rive… → Read More
Serial tech entrepreneur and investor, Elon Musk, and SolarCity— providers of solar power system and energy efficiency design, financing, installation and related services— donated a solar power generating system to the Hurricane Katrina- and BP Oil Spill-effected community of Coden, Alabama the company announced today.
The system consists of solar panel arrays attached to a battery back-up… → Read More
In retrospect, Tesla may have been cleantech’s Netscape moment. It didn’t get off to the world’s greatest start, but like a few other venture-backed IPOs, lately it has been trading at nearly double its opening price.
Meanwhile, a few other cleantech companies have filed S-1s and several more are waiting in the wings, watching to see what the market does. To continue the Netscape analogy, 2011… → Read More
Solar City, a company that designs, installs, and leases out solar power systems to home and business owners, announced that it will bring renewable electricity to some 30 Wal-Mart stores in California and Arizona.
Chief executive and founder of Solar City, Lyndon Rive [pronounced like “five”] spoke with TechCrunch about helping Wal-Mart go greener, what his company looks for in solar… → Read More
SolarCity today announced that it is taking a $21.5 million round of funding led by Mayfield Fund, and the company’s previous investors Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company’s prior funding totaled approximately $134 million, and included investors First Solar, JP Morgan and Elon Musk.
SolarCity helps businesses, home owners and government agencies adopt solar… → Read More
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