Texas, United States [RenewableEnergyWorld.com] Meridian Energy Systems Inc. announced the completion of a strategic round of equity financing from a consortium of investors in the renewable energy and traditional energy industries. The company specializes in the design and implementation of commercial and residential solar electric projects for its customers.
The financing of Meridian, which was led by Long Branch Capital LLC, provides the company with sufficient resources to accommodate its strategic growth plan and to address the growing market opportunity for solar in Texas and the region. The amount of the financing was not disclosed.
“The additional resources provided by the investors will enable Meridian to continue to be a leader in high-quality solar electric solutions in Texas,” said Andrew McCalla, Meridian’s CEO. “With the appropriate focus and execution, Meridian expects to capture the tremendous solar opportunity that exists here.”