January 6, 2010

San Francisco, CA, USA: Clean Power Finance Announces First Close of $6.9M Financing

Clean Power Finance, Inc. today announced the first close of a $6.9M financing round co-led by Claremont Creek Ventures and Clean Pacific Ventures, and joined by prior investors Sand Hill Angels and clean tech investor Gary Kremen. CPF's web-based platform is currently a leading solution for solar installers. The company will use this funding to expand the software feature set and to extend recent successes in solar PV into other energy technology verticals.

Nat Goldhaber from Claremont Creek Ventures and Jeff Barnes from Clean Pacific Ventures will join CPF's Board of Directors. CPF Tools is an enterprise-class cloud application that supports sales and marketing business processes for solar integrators, distributors and manufacturers. Since its introduction, CPF Tools has garnered enthusiastic reviews and currently supports over 30 percent of the solar installer community nationwide. CPF Tools drives provider efficiencies and enhances the customer value proposition, all in service of the company's mission to drive the adoption of renewable energy in the mass market.

"Solar and other renewable energy solutions will only be successful in the mass market when providers are enabled to present a clear, compelling value proposition to customers," said Joseph Brakohiapa, President and CEO of Clean Power Finance. "CPF Tools helps installers generate accurate quotes, professionally present energy and environmental benefits, and gain access to critical value-add services including verified leads, 3D roof analyses, third party financing solutions, automated completion of government forms -- and insurance solutions. By helping installers be successful, we drive the success of the green movement as a whole."

CPF recently announced partnerships with Suntech Power the world's leading manufacturer of crystalline silicon photovoltaic modules; Aon Corporation, the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting; and precigeo, the premier provider of roof schematics and rooftop solar studies to the photovoltaic installer market.

"As the leading solution for solar installers, CPF is already the channel to thousands of renewable energy professionals," said Nat Goldhaber, Claremont Creek Ventures managing director. "I'm proud to be an investor in a company that is not only driving important value in the green space, but is also helping to turn renewable energy into a practical solution that can succeed in the marketplace."

Further details about: Clean Power Finance