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Solar Spectrum
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Short description

Solar systems integrator targeting the residential rooftop market

Founded in 2007
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector solar

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
TRL Range

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Headquarters Oakland, CA Oakland, United States
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Parent Companies Sungevity

Updated by Tom Cain at Greener Capital Partners on 09/19/2012

Edited by Cleantech Group on 09/06/2021

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  • 1 M&A items
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Date Company
Partnerships
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Date Partner Type
09/14/2015
Viridian Viridian
Viridian has switched its solar partnership from SolarCity to Sungevity. Executives at Viridian and Sungevity referred to it as a better match in "culture."
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Confirmed by Viridian
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Investment Rounds
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IPO INFORMATION

Date

IPO status

IPO Type

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Source

Description

Date Investors Type Amount
04/26/2017 Northern Pacific Group Northern Pacific Group (1)
Post-money valuation of
The investment group includes Palo Alto-based Hercules Capital and DGB Investments, an investment vehicle led by Douglas Bergeron, former chief executive officer of VeriFone.
Buyout / Late-Stage Private Equity
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Products
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Product image Name Product status Revenue model Cost metrics

Purchase

Customers purchase the panels (instead of leasing) and pay upfront for the full price of the solar PV system

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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