Innovation

Sunstone Credit raises $20M to help businesses go solar

February 16, 2023

Sunstone Credit, a clean energy financing platform, has raised $20 million in a funding round led by Greenbacker Capital Management LLC. It will use the funding to hire employees and enhance its platform to help companies go solar, according to a press release.

The company offers embedded solar financing solutions that have initiated more than $200 million in loan applications.

"Despite the benefits of going solar, both for businesses and the environment, up until this point most companies have not had access to the financial tools needed to do so," Benjamin Baker, managing director of Greenbacker, said in the release. "We are proud to support Sunstone's work to level the playing field and empower businesses of all sizes to utilize clean energy."