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Santa Monica California based Swell Energy is raising $120,000,000.00 in New Equity Investment.

Santa Monica California based Swell Energy is raising $120,000,000.00 in New Equity Investment.

December 12, 2022 Craig Etkin

Santa Monica, CA – According to filings with the U.S. Securities and Exchange Commission, Swell Energy is raising $120,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Suleman Khan played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Swell Energy
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by enabling consumers to take control of their energy use and cost, achieve energy security, and participate in the transactive grid. Swell Energy provides homeowners and businesses with financing and virtual power plant programs, while partnering with trusted local solar and solar+storage companies for seamless, high-quality installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy also delivers resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system.

To learn more about Swell Energy, visit http://www.swellenergy.com/

Contact:
Suleman Khan, Chief Executive Officer
888-465-1784
https://www.linkedin.com/in/sulemankhan/

SOURCE: http://www.intelligence360.io
Copyright (c) 2022 SI360 Inc. All rights reserved


Venture Capital
4480, California, Los Angeles-Long Beach, Santa Monica, Swell Energy, Venture Capital

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