Omnidian, a Seattle company that manages solar power performance and services the panels for commercial and residential installations, announced $25 million in new investment.
Omnidian’s software remotely detects performance issues for solar installations. The company has customers in 34 states.
Solar installations are on the rise in the U.S., driven in part by support from the Inflation Reduction Act. A recent study concluded that solar power may have crossed a tipping point leading to continued, accelerated installation. It predicts that solar will provide 56% of electricity production by 2050.
But there’s a challenge in keeping solar panels performing over time as designed. “The post-purchase experience is often sidelined,” said Omnidian CEO Mark Liffmann in a statement.
The company’s total funding is estimated to be more than $78 million. Activate Capital, WIND Ventures, Avista Development, Evergy Ventures, National Grid Partners, Congruent Ventures and Blue Bear Capital participated in the round. HSBC Asset Management joined as a new investor.
