San Francisco—[June 10, 2013]—Clean Power Finance (CPF), the leading provider of financial services and software for the distributed solar industry, has joined a group of U.S. electric power industry leaders in a program known as the Electricity Innovation Lab, or “e-Lab.” e-Lab is a multi-year project that brings together key players from the utility, solar, regulatory and academic sectors to address barriers to the economic deployment of distributed energy resources (DERs) in the U.S. electricity sector.
“The most important new source of competitive advantage in today’s rapidly changing electricity sector is the ability of innovators to work efficiently and effectively in complex multi-stakeholder environments,” said James Newcomb, program director at Rocky Mountain Institute (RMI), which is incubating the e-Lab program. “e-Lab creates a place for constructive dialogue between groups that otherwise might not even be at the same table. The interactive discussion and shared insights help players from all sectors of the power industry make more informed decisions.”
e-Lab participants represent all aspects of the electricity ecosystem and include San Diego Gas & Electric, Pacific Gas & Electric, the Federal Energy Regulatory Commission (FERC), the U.S. Navy, Wal-Mart, Microsoft, SunEdison and SunPower, among others. A more complete list of participants can be found on the e-Lab website.
“Utilities, distributed energy companies and the public and private sectors all face a number of challenging issues about how we produce, provide and consume electricity,” said Tom Brill, special counsel and director of strategic projects at San Diego Gas & Electric, one of California’s three largest investor-owned utilities. “e-Lab facilitates the open exchange of ideas about potential solutions where forward-thinking companies like SDG&E can educate and learn from other stakeholders.”
“We are very excited to be part of e-Lab, which provides an essential forum for informed discussion among a wide range of influential organizations,” said Nat Kreamer, CEO of Clean Power Finance. “CPF is committed to helping the electric industry adopt increasing amounts of distributed generation solar in a fair, transparent manner. Joining a working group convened by a respected third party such as RMI and working in concert with major utilities, corporations and public agencies complements our other efforts to address obstacles facing the utility and solar industries. We look forward to working with other participants to find common ground and scalable solutions.”
CPF provides the CPF Market™, the online business-to-business marketplace for distributed solar financing, and CPF Tools™, the leading solar sales SaaS application. CPF’s agnostic marketplace/platform connects the entire solar industry internally, as well as with external players such as capital markets, utilities, and AHJs (authorities having jurisdiction).
About Clean Power Finance
San Francisco-based Clean Power Finance (CPF) connects solar professionals with institutional solar finance investors through the CPF Market™, the online business-to-business marketplace for distributed solar financing, and provides the solar industry with CPF Tools™, the leading solar sales SaaS application. The solar industry uses CPF to access a variety of unbranded, third-party owned finance products and easy-to-use solar sales quoting and design tools. Investors and lenders use CPF to invest in distributed solar projects that provide reliable rates of return with managed risk. Founded in 2006, CPF now manages half a billion dollars of project financing on behalf of third-party solar investors.