PosiGen Secures $5 Million

Alternative energy startup PosiGen completed $5 million in financing from Stonehenge Growth Capital.

PosiGen is a provider of residential renewable energy and energy efficiency solutions. The company is a third-party ownership company (TPO), which allows it to offer renewable energy systems and energy-efficiency retrofits to low- to moderate-income homeowners. The company’s mission is to help these individuals, families, and businesses achieve greater fiscal autonomy and energy independence by lowering their utility bills.

The company will use the funds to expand operations in Connecticut and provide clean energy technology to hundreds of low- to moderate-income Connecticut households.