![]() In addition to being named Best Smart Utility Solution, Sensus was also recognized with the Best Overall Boardroom Presentation award. At the event, more than 60 smart utility technology providers competed in three award categories-Best Smart Utility Solution, Smart Utility Vendor to Watch and Best Overall Boardroom Presentation-voted on by more than 150 executives from electricity utilities across North America. The 2019 Smart Utility Summit was recently held in Phoenix, Arizona. When used to connect Sensus smart meters and sensors, in conjunction with Sensus Analytics, the solution provides utilities with the data and insights they need to become smarter at every point. The FlexNet system is a two-way network that provides secure communication over a licensed spectrum. It is a tremendous honor that utility executives recognized our technology with this award.” “The FlexNet system provides fast, reliable and secure access to data for utilities. “Utilities continue to invest in smart communication technology to help lower costs, improve operational efficiency and deliver greater benefits to their customers,” said Sensus Vice President of Product Management Randolph Wheatley. For this reason and others, Sensus, a Xylem brand, has been honored by more than 150 utility executives with the Best Smart Utility Solution Award at the 2019 Smart Utility Summit (SUS). Let’s take a look at Solarcity’s major shareholders and the value of their respective equity stakes at the Series G pricing: Elon Musk (31.9%, $431.2M), Draper Fisher Jurvetson (26.3%, $355.5M), Generation Investment Management (7.5%, $101.6M), DBL Investors (7.4%, $100M), CEO Lyndon Rive (7.0%, $97.5M), CTO and COO Peter Rive (7.0%, $97.5M), Valor Equity Partners (2.1%, $28M) and Silverlake Kraftwerk (2.0%, $27.5M).īut even poster child cleantech startups like Solarcity are not immune to the risk of dropping energy prices as a result of the shale gas revolution of which I personally think that it is very bad for renewable energy in the US and the rest of the world in the long-term.RALEIGH, N.C.-( BUSINESS WIRE)-Smart utilities are only as good as the networks that connect their assets, and the Sensus FlexNet ® communication network has long served as the most advanced smart utility network available. If my calculations are correct, the Series G valuation was already $1.35B. According to the S-1, in February 2012, Solarcity raised $81M in its Series G financing round selling 3.386.986 shares at a share price of $23,92. DZ-4 in Germany and Solease in the Netherlands are only 2 examples of European startups inspired by the idea to sell solar as a service.Īs the global cleantech market badly needs more successful exits (liquidity events), the Solarcity IPO will not only provide nice returns to pre-IPO investors, but also new hope for the next generation of cleantech entrepreneurs that are searching for scalable business models. This is very important as the business model can be easily copied. While Solarcity is far away from profitability, the management team focuses on high-speed growth and getting ready for international expansion. It also raised $200M venture capital and $1.57B infrastructure funds to finance the PV installations. ![]() As of June 2012, Solarcity deployed 201 cumulative MW on 33.792 buildings. Solarcity’s business model benefits from increasing electricity prices, decreasing cost of PV modules and low cost of capital fostered by tax credits and other types of subsidies. Further services include energy efficiency, energy storage and electric mobility that can also be integrated and sold to the same customer base. The 6-year old startup sells renewable energy to consumers and companies at prices below utility rates with zero upfront cost. Solarcity’s disruptive business model is technology neutral, highly scalable and very convenient for customers. While IPO date, volume and share price are to be defined, reading this investment prospectus is highly recommended. Solarcity just filed for its long-awaited Initial Public Offering on NASDAQ by registering the Form S-1 with the SEC. As Chairman and biggest shareholder, Elon prepares for his third IPO after PayPal (2002) and Tesla Motors (2010) and positions Solarcity as the smart green utility of the future. “Our goal is to become the largest provider of clean distributed energy in the world.” Elon Musk, super hero of the Smart Green Economy, is doing it again.
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