CleanFi Recognized in DOE’s American-Made Solar Prize Competition

The U.S. Department of Energy (DOE) recognized CleanFi, a renewable energy financial technology company, for its software solution to accelerate adoption of job-creating, money-saving renewable energy, energy efficiency, storage and building resilience solutions that combat climate change across the small to medium commercial building landscape.

CleanFi is the first FinTech to be recognized as part of the DOE’s multi-million-dollar American-Made Solar Prize competition, that traditionally focuses on hardware and software innovations in support of U.S. based solar manufacturing.

CleanFi is a free, easy-to-use Web portal that employs a simple, 120-second process to match specific project improvement inquiries to a bevy of qualified, interested funders. The service is free to contractors, project developers, property managers and building owners across all asset classes interested in clean energy, storage and building resilience improvements. It’s offered across all 50 states, including traditional commercial lenders, specialty lending, power purchase agreements, capital leases and community development financial institutions. CleanFi has delivered more than $230 Million in total project funding options to 400 site subscribers (and growing).

“Our solution delivers the first platform where $50,000 to $5 million renewable energy projects can get instant, competing proposals from dozens of qualified lenders,” Philippe Hartley, CEO and founder of CleanFi, said.

“The scale of the opportunities CleanFi addresses represents the lion’s share of the 152 GW of untapped commercial solar capacity identified by the global research consultants at Wood Mackenzie,” continued Hartley. “And it’s a project starter for the 10,000 US solar contractors who need help selling into the commercial building sector.”

CleanFi’s 900% growth trajectory demonstrates its ability to deliver an important catalyst for greenhouse gas (GHG) reduction across the nation. According to the Center for Climate and Energy Solutions (C2ES), fossil fuel combustion attributed to residential and commercial buildings accounts for roughly 29 percent of total US greenhouse gas emissions, making CleanFi’s solution for mid-sector commercial building stock a critical component to municipalities’ climate action and GHG reduction objectives as well.

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Terry Mulreany
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