Gaithersburg, Maryland [RenewableEnergyWorld.com] Standard Solar Inc., has announced an investment of $3.5 million by Truecast Capital, LLC of Middleburg, Virginia. The 3-year old solar energy services company, is one of the area’s largest providers of residential and small commercial solar power systems.
This investment will be used to build Standard Solar’s capacity to meet the demands of the clean energy marketplace in the Washington, DC metropolitan area and surrounding areas. Truecast Capital’s focus is to bring capital and management expertise to the leadership of small to mid-size firms.
“We are excited by this vote of confidence in not only our company, but in the rapidly growing market in this region for solar energy systems,” said Standard Solar founder and chairman, Neville Williams. “We have thus far confirmed our belief that many homeowners and businesses want to buy solarelectric systems, but they don’t know who to call. That’s why we launched Standard Solar. We have attracted a talented and dedicated team of people who believe our vision to make Standard Solar the supplier of choice for solar solutions. Our people are extremely committed to the company’s mission and to the environment.”