Friday, February 3, 2023
  • Contact
  • Privacy Policy
  • Terms and Conditions
Solar News
  • Solar News
  • Manufacturing
  • Commercial
  • Residential
  • Policy
  • Community solar
  • More
    • Utility
    • Storage
    • Installation
    • Solar Guide
  • Solar Companies
    • Add Listing
No Result
View All Result
Solar News
No Result
View All Result
Home Installation

Ojjo Receives $40 Million from NGP ETP to Advance Solar Truss Foundation

September 21, 2022
in Installation
0
Ojjo Receives $40 Million from NGP ETP to Advance Solar Truss Foundation
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Ojjo, a supplier of next-generation photo voltaic foundations, has closed a $40 million Sequence C funding spherical led by NGP ETP, the power transition investing platform of NGP, with Ajax Strategies additionally collaborating. As well as, James Wallis, companion at NGP, has joined Ojjo’s board of administrators.

The brand new funding will speed up Ojjo’s progress and execution on its 9 GW energetic challenge pipeline. Ojjo’s patented Earth Truss System provides a quick and environment friendly technique of securing floor mount photo voltaic techniques. The corporate’s system has been contracted or constructed in over 1.6 GW of photo voltaic tasks to this point, together with on the nation’s largest standalone photo voltaic and storage challenge, Gemini Photo voltaic. Ojjo has beforehand raised a complete of $27 million throughout two prior funding rounds, with participation from Cthulhu Ventures and different traders.

Related posts

Bechtel Completes 140 MW Cutlass Solar Project in Texas

Bechtel Completes 140 MW Cutlass Solar Project in Texas

January 27, 2023
Enerflo Platform Integrates EagleView TrueDesign PV Solutions for Installers

Enerflo Platform Integrates EagleView TrueDesign PV Solutions for Installers

January 19, 2023

“We’re thrilled to welcome our traders, NGP ETP and Ajax, who’ve lengthy shared Ojjo’s imaginative and prescient for accelerating the rising and vibrant photo voltaic business,” says Mike Miskovsky, chairman and CEO of Ojjo. “For too lengthy, our business has needed to make do with pile foundations that have been by no means designed for photo voltaic functions – typically leading to avoidable challenge prices and labor inefficiencies. As we enter the period of TW-scale photo voltaic, our business will more and more require optimized, solar-specific mounting and set up {hardware}. This funding is the essential subsequent step to scaling Ojjo’s progressive know-how and rushing the nation’s transition to photo voltaic.”

See also  How Many Solar Panels Does My Home Really Need?

“Photo voltaic foundations signify a significant untapped alternative within the business. We consider that Ojjo’s skilled group is completely positioned to ship innovation, automation, and price financial savings at a time when the business wants it most,” states James Wallis, companion at NGP. “NGP’s intensive portfolio and deep experience – spanning each conventional oil and gasoline in addition to power transition segments – allowed us to rapidly acknowledge the advantages of Ojjo’s structural design and drilling-process improvements, leading to dramatic reductions in pre-drill and remediation necessities. We’re excited to supply our monetary assist and strategic steering as Ojjo continues to develop and convey worth to this market.”

“We’ve been early supporters of Ojjo’s group and know-how, and our follow-on funding was a pure match for our shared imaginative and prescient of delivering revolutionary options to unravel local weather change,” feedback Matt Rogers, Ajax’s working companion. “The timing couldn’t be higher for photo voltaic improvements comparable to Ojjo with the passing of the Inflation Discount Act (IRA), which allows constant progress over the subsequent decade for home renewable power manufacturing. Ojjo has all the required capabilities to assist the business scale to take full benefit of this distinctive and well timed alternative.”

“Ojjo’s Earth Truss techniques have been confirmed within the subject on a whole lot of megawatts of tasks, in quite a lot of soil circumstances. It’s clear the business is hungry for applied sciences that may ship project-level price financial savings relative to right now’s commodity choices,” mentions Helena Kimball, president of Ojjo. “Now we have labored arduous to determine the provision chain sophistication, drilling machine fleet uptime, and the sphere assist to make sure our EPC prospects have rewarding experiences putting in Ojjo foundations. We’re grateful to our traders for recognizing Ojjo’s benefit, and for offering us the monetary stability to scale effectively into the long run.”

See also  WBSEDCL Issues 10 MW Floating Solar Tender in West Bengal

Ojjo offers its Earth Truss {hardware}, subject engineering providers and automatic Truss Driver machines to photo voltaic builders, EPCs and their basis subcontractors. As well as, Ojjo has partnered with photo voltaic tracker producers to develop streamlined, totally suitable {hardware}, additional decreasing metal componentry and total system prices.

Source link

Tags: AdvanceETPFoundationMillionNGPOjjoReceivessolarTruss
Previous Post

SEG Solar to set up TOPCon module manufacturing factory in Texas

Next Post

Amp Energy India Signs a Long-term Power Purchase Agreement with Amazon

Next Post
Amp Energy India Signs a Long-term Power Purchase Agreement with Amazon

Amp Energy India Signs a Long-term Power Purchase Agreement with Amazon

RECOMMENDED NEWS

LONGi claims new HJT solar cell efficiency record

LONGi claims new HJT solar cell efficiency record

7 months ago
JinkoSolar unveils Tiger Neo solar PV panel series

JinkoSolar unveils Tiger Neo solar PV panel series

3 weeks ago
Octopus Energy US partners with Enphase, plans VPP in ERCOT

Octopus Energy US partners with Enphase, plans VPP in ERCOT

1 week ago
Italy deployed 1.6 GW of PV in January-September period – Commercial

Italy deployed 1.6 GW of PV in January-September period – Commercial

2 months ago

BROWSE BY CATEGORIES

  • Commercial
  • Community solar
  • Installation
  • Manufacturing
  • Policy
  • Residential
  • Solar Guide
  • Solar News
  • Storage
  • Utility

BROWSE BY TOPICS

acquires Battery California Capacity clean Commercial community completes Construction Energy facility Green Grid home India launches manufacturing Market Million module modules Panel panels Plans plant Policy portfolio Power prices Production program project projects Renewable Renewables Residential rooftop Signs solar storage supply system Systems Texas U.S

POPULAR NEWS

  • New micro-inverter series from China – Commercial

    New micro-inverter series from China – Commercial

    0 shares
    Share 0 Tweet 0
  • How to Plan Solar Panel Installation for your Home

    0 shares
    Share 0 Tweet 0
  • PV Price Watch: Polysilicon price finally levels off as top four silicon manufacturers post massive profit rises

    0 shares
    Share 0 Tweet 0
  • Exact Solar in Newtown, PA is Recognized as One of the 50 Most Community-Minded Employers in the Greater Philadelphia Region

    0 shares
    Share 0 Tweet 0
  • Leapton Solar Panels: Independent Review

    0 shares
    Share 0 Tweet 0

About

The mission of Solar News is to develop a community of people who try to make their life easy. The website strives to educate individuals in making wise choices about Solar Panels, Policy, Installation, Guides and more.

Follow us on social media:

Recent News

  • European Commission Presents Green Deal Industrial Plan
  • ComEd Commissions Its 75th Community Solar Development
  • REC Silicon to supply FBR polysilicon produced at idle facility in US

Category

  • Commercial
  • Community solar
  • Installation
  • Manufacturing
  • Policy
  • Residential
  • Solar Guide
  • Solar News
  • Storage
  • Utility

Newsletter

  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2022 Solarnews - All rights reserved.

No Result
View All Result
  • Home
  • Solar News
  • Manufacturing
  • Commercial
  • Residential
  • Policy
  • Installation
  • Storage
  • Utility
  • Community solar
  • Solar Guide

© 2022 Solarnews - All rights reserved.