What is Standard Solar, Inc.?
Founded in 2004 and headquartered in Rockville, Maryland, Standard Solar, Inc. is dedicated to the development and financing of solar electric systems across the United States. The company specializes in making Distributed Generation (DG) solar solutions more attainable for commercial, institutional, governmental, and utility-scale clients. Their operational reach is national, reflecting a broad commitment to advancing solar energy adoption.
How much funding has Standard Solar, Inc. raised?
Standard Solar, Inc. has raised a total of $107.7M across 3 funding rounds:
Unspecified
$2.6M
Debt
$150K
Unspecified
$105M
Unspecified (2011): $2.6M, investors not publicly disclosed
Debt (2020): $150K led by PPP
Unspecified (2020): $105M supported by National Association, Fifth Third Bank, and IBERIABANK
Key Investors in Standard Solar, Inc.
Fifth Third Bank
Fifth Third Bank, a major financial institution founded in 1858, offers a comprehensive suite of financial services including commercial banking, consumer banking, and wealth management, likely providing significant debt and financing solutions for large-scale projects.
National Association
An association likely representing industry interests, potentially providing strategic backing or facilitating access to broader financial networks for Standard Solar's development initiatives.
IBERIABANK
A financial institution that may have provided capital or financing services, contributing to the company's overall funding structure.
What's next for Standard Solar, Inc.?
With a significant recent strategic investment and a history of substantial enterprise-level funding, Standard Solar, Inc. is well-positioned for continued expansion. The company's focus on making solar energy more accessible suggests a strategic direction towards scaling its development and financing capabilities. Future initiatives are likely to involve broadening its project pipeline, enhancing its technological offerings, and potentially exploring new market segments or partnerships to further solidify its leadership in the distributed solar generation space.
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