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Renew Financial
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Developer of innovative solutions for renewable energy and energy efficiency financing

Founded in 2008
Founded in

Company type Private Public ()
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Industry Group energy & power

Sector energy services

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Oakland, CA Oakland, United States
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Date Company
06/17/2014

State of Hawaii State of Hawaii

The goal of Hawaii’s “Green Energy Market Securitization” (GEMS) program is to finance clean energy throughout the State of Hawaii, particularly aiming to open the door to underserved markets.

Confirmed by State of Hawaii

Partnerships
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Date Partner Type
05/29/2014
Energy Programs Consortium Energy Programs Consortium
In collaboration with the Energy Programs Consortium and the Pennsylvania Treasury, Renewable Funding helped create the Warehouse for Energy Efficiency Loans (WHEEL). Warehouse for Energy Efficiency Loans, or WHEEL, aims to provide homeowners across the U.S. with low-cost financing for home improvements by creating a secondary market for residential clean energy loans via securitization.
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Confirmed by Energy Programs Consortium
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IPO INFORMATION

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IPO status

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Description

Date Investors Type Amount
05/18/2016 Braemar Energy Ventures Braemar Energy Ventures (1)
Post-money valuation of
Renew Financial secured additional capital from Braemar immediately following its new growth capital round.
Growth Equity
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Products
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Product image Name Product status Revenue model Cost metrics

Residential Property Assessed Clean Energy (PACE)

Launching in CA, the residential PACE makes energy and water efficiency projects more affordable and accessible for millions of California homeowners.

Wide Commercial Availability Service - Fixed Price
$/kW (current)
$/kW (projected)
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