Circular Energy, a provider of sustainable energy solutions and solar power for the commercial sector, is pleased to announce that it has completed a round of Series A funding. Circular Energy's mission is to help organization's procure electricity more affordably, focusing on renewable energy solutions, innovative electricity products and energy intelligence. The Company plans to use the funding to support their accelerating growth including recent expansions into new markets.
Austin, Texas (June 10, 2015)
Circular Energy's mission is to help business and institutional customers move toward a more affordable, sustainable, resilient and intelligent energy future by designing and installing high-quality distributed solar supported by cost-effective financing options and integrated into competitive electricity offerings.
The Company will use the funds to accelerate its growth into new markets, including Massachusetts, New York, and California, as well as to continue expanding its presence in the growing Texas energy market.
"Solar energy solutions are a powerful tool helping businesses manage costs and move toward a more sustainable future," said Jim Steffes, CEO of Circular Energy. "Providing the solar option with our in-house financing support makes this a true win-win opportunity for our customers."
"Circular Energy is off to a great 2015 thanks to the hard work and dedication of our employees, with a solid commercial contract backlog and our largest ever new customer pipeline," Mr. Steffes added.
In addition to the Series A funding round, Circular Energy also voted to add a new member to its Board of Directors. E. Carey Joullian IV, the CEO of Oklahoma City-based Mustang Fuel Corporation was elected unanimously. Mr. Joullian brings significant business and energy expertise to the Board and participated in the Series A funding round.
"Circular Energy is focused on becoming the leader in the US commercial solar market by designing and installing great solar projects, by removing financial obstacles to solar adoption, and by making this easy for customers to understand. Given their success they are now expanding into new markets and I'm thrilled to be part of their bright future," said Mr. Joullian.
About Circular Energy
Circular Energy is changing the way business owners buy electricity. With headquarters in Austin, Texas, Circular Energy brings over 100 years of energy expertise focused on renewable energy solutions, innovative electricity products and energy intelligence. Circular Energy is dedicated to helping American businesses with high-quality, affordable, resilient and sustainable energy solutions. Learn more about how solar can work for your business by calling Circular Energy at 866-255-8166 or visiting CircularEnergy.com.