OneEnergy Renewables Closes $2.1 Million Round

OneEnergy RenewablesOneEnergy Renewables, which makes a software platform for trading renewable energy credits and uses the revenue to fund utility-scale project development, closed a $2.1 million equity round, says chief operating officer Travis Bryan.  The Seattle-company expects to be cash flow positive in 2013.  It recently commissioned a five megawatt dairy digester project in Oregon, and is turning its project development attention to mid-sized utility scale solar projects in the 2-20 megawatt range.  It is negotiating to sell power to utilities, but also focusing on sales directly to large energy buyers such as universities and businesses.

Source:  Ben Romano, Xconomy, December 14, 2012.

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