Ethical Electric, a Chevy Chase, MD-based renewable energy provider, raised $11m in Series A funding.
The round was led by entrepreneur and impact investor Matthew Palevsky, who will also join Ethical Electric’s board of directors.
Led by Tom Matzzie, founder and CEO, Ethical Electric is a licensed retail energy supplier that connects consumers to 100% renewable energy with no change in their monthly payment routine. For every kilowatt-hour a customer uses an equivalent amount of renewable energy is purchased from wind, solar and hydro facilities on the same grid as the customer’s household or business.
The company, which participates in the wholesale energy markets in the Mid-Atlantic, Northeast and New England,
17/12/2012: Ethical Electric Closes $2.4M in Series AA Funding