SOMERVILLE, Mass., July 21, 2020 /PRNewswire/ — Increase Green – the impact investing marketplace for green infrastructure and clean energy projects – today announced the launch of the first crowdfunding platform for investing in clean energy projects in national scale, as well as their initial offer on the platform, the first of more than 50 projects in the pipeline. The Greentown Laboratories-incubated the company’s first project with the National Energy Improvement Fund (NEIF) will include loan options for families and small and medium-sized businesses carrying out energy retrofits and critical infrastructure resiliency upgrades. Raise Green is the first company to offer nationwide crowdfunding focused on climate solutions investments since the United States Securities and Exchange Commission (SEC). finalization of crowdfunding regulations.
Raise Green aims to give people the direct impact they were looking to have on climate change by giving them access to verifiable investment opportunities. If you invest in a solar project listed on Raise Green, you’ll know exactly how much clean energy your dollar produces. Raise Green is a two-sided marketplace that brings together innovators seeking funding and a wide range of investors, allowing anyone in the United States to participate. Raise Green makes financing small projects more profitable than ever; for the first time, individuals, accredited individuals and institutions can invest in the same security, providing truly blended capital. Whether it’s as little as $100 or as much as $100,000anyone can be directly involved in a climate action project to support sustainable infrastructure.
“Raise Green empowers anyone to take meaningful action in the fight against climate change by providing opportunities to directly invest in local resilience through community solar power and energy efficiency projects,” said Franz Hochstrasser, CEO and co-founder of Raise Green. “It’s a kind of grassroots, grassroots ‘Green New Deal’, for those who don’t want to wait for the government or big financial institutions to act.”
To avoid the worst impacts of climate change, experts say there must be at least $1 trillion global investments in clean energy and climate solutions each year by 2050. If global investments in green infrastructure and decarbonization total $110 trillionit would be creating massive socio-economic gains and resilience to climate crises around the world. In addition, millennials have shown increased interest in sustainable investments amid COVID-19, marking an important generational momentum. By early March, companies made aware of environmental social governance (ESG) “outperformed other stocks by up to 5.7%”, and since last year, 67% of millennials actively invested in sustainable products. The first of many sustainable investment opportunities from Raise Green through the National Energy Improvement Fund is available nationwide.
“As a Certified B Company, NEIF is committed to providing fair, simple and transparent financing options to help make energy efficiency and improved resilience more affordable,” said Peter Krajsa, Founder and Co-Chair of NEIF. “We are excited to be working with Raise Green to bring our climate action investment tickets and the opportunity to support this effort to a wider investor market through their sustainability-focused crowdfunding platform.”
The Raise Green market offers a wide variety of replicable and modeled investment opportunities for solar energy, affordable housing, electric vehicle charging stations, agriculture, water projects and micro-grids . Each investment vertical is designed to have an immediate impact on the resilience of local communities with a chance to earn returns while building sustainable infrastructure. Individuals or organizations who wish to start their own clean energy project can also find the appropriate resources via Raise Green’s “original engine” — developed in partnership with IBM — to guide anyone interested through the process of facilitating a project from start to finish. This includes opening access to tax fairness for eligible projects and investors.
Greentown Laboratories — the largest climate technology startup incubator North America — is proud to have Raise Green as a corporate member in its Somerville Headquarter. After moving to Boston In 2019, Raise Green joined Greentown’s community of nearly 100 cleantech and climate tech startups to solve the climate crisis through entrepreneurship and collaboration.
“If we’re going to drive meaningful, long-term change in the fight against the climate crisis, we need more people and more capital to get on board,” said Emilie Reichert, CEO of Greentown Labs. “Raise Green gives people the opportunity to engage locally through investment in clean energy projects in communities across the country. At a time when investing in climate action is so needed, we are excited to see Raise Green’s extensive efforts leading to the launch of this platform.”
Raise Green’s innovative platform is led by CEO and Co-Founder Franz Hochstrasser, a Yale School of the Environment alumnus who served eight years in the Obama administration as the White House energy and climate representative. He is joined by a colleague Yale old students Matthew Moroneywho is co-founder and COO of Raise Green, and is a data scientist with over 10 years of experience in environmental remediation, permitting and corporate sustainability strategy.
Previously, the founders of Raise Green launched two successful pilot projects through New Haven Community Solar which provided discounted electricity for Jim Vlock’s freshman construction project — a partnership between the Yale School of Architecture and Columbus Housea New Haven-based non-profit organization that assists homeless people by providing shelter and housing and promoting personal growth and independence.
Supported by a team of industry leaders and experts in finance, climate action and sustainable energy, Raise Green strives to empower everyone with the resources to take direct action in the fight against climate change. The Greentown Labs-incubated marketplace is backed by investments from renewable energy industry veterans and project finance and is in the process of raising funds for their Seed series.
To learn more about Raise Green and use their platform to invest or start clean energy projects, visit: raisegreen.com.
About Raise Green: Raise Green is the leading marketplace in the United States for local and inclusive impact investing with verifiable and demonstrable environmental benefits. Thanks to the platform, anyone can start their own community solar project. In the Raise Green Investor Marketplace, anyone (individuals and institutions) can invest in community-driven climate resilience projects across a diverse range of project scales and minimum investments. Raise Green’s early investors are veterans of the renewable energy and project finance industry. Investors can extract value while creating quantifiable impacts in local communities, as well as receiving financial returns if the project is successful.
About NEIF: NEIF is a public benefit corporation of the Palestinian Authority and serves individuals and local small and medium businesses with financing needs with a focus on affordable efficiency and pollution reduction upgrades through carbon available to low- and moderate-income households. NEIF began lending in 2018 and received high praise from the Department of Energy. More their investment campaign can be found here.
About Greentown Labs: As the largest startup incubator in the field of climate technologies North America, Greentown Labs brings together startups, corporations, investors, politicians, and more who are focused on scaling climate solutions. Driven by a mission to provide groundbreaking startups with the resources, knowledge, connections and equipment they need to thrive, Greentown Labs offers prototyping and wet lab space, shared office space, a workshop machining, an electronics lab, software and business resources, an extensive network of corporate clients and investors, and more. Greentown Labs’ 100,000 square foot campus in Somerville, Mass. is home to over 100 startups and has supported over 280 startups since the incubator was established in 2011. These startups have collectively created over 6,500 direct jobs and raised over $850 million in financing. For more information, please visit www.greentownlabs.com Where Twitter, Facebookand LinkedIn.
SOURCE Increase Green