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Ygrene Energy Fund
edit| Company type | Private company |
|---|---|
| Industry | Financing |
| Founded | 2010 |
| Founder | Dennis Hunter |
| Headquarters | Petaluma, California , United States |
Key people |
|
| Website | ygrene.com |
| Footnotes / references [1] | |
Ygrene Energy Fund, Inc. is a financing corporation that provides Property Assessed Clean Energy (PACE) financing to residential and commercial properties for energy efficiency projects.[1] By offering financing that is repaid through local or state tax assessments, Ygrene acts as both the financing provider and the underwriter for property owners who want to retrofit their buildings with energy-saving technologies, such as solar panels, LED lights, energy-efficient windows, and others.[2][3]
As of 2019, Ygrene has provided over $1.16 billion to finance more than 54,500 property improvement projects across the United States.[4] Of the Ygrene PACE financed property improvements, employment of 1,305 full-time equivalent (FTE) jobs and an average yearly increase of gross state product (GSP) of $134.7 million resulted from the aggregate stimulus effects from the expenditure of the PACE financing. In Florida, the average yearly stimulus impacts are a $51 million increase in GSP and 603 FTE jobs during the investment period.[4]
History
editYgrene Energy Fund was founded by Dennis Hunter in 2010. By 2012, Ygrene had opened base operations in Sacramento, California, and Miami, Florida. At $3.2 million, the Ygrene Energy Fund completed its biggest PACE project in 2013. In 2015, Ygrene completed the industry's largest solar PACE project. A third base of operations opens in Missouri in 2017. In 2019, Ygrene surpassed $1 billion in PACE financing.
Stacy Lawson was elected as CEO in 2012, and served for four years until she stepped down in 2016.[5] Then Rocco Fabiano was elected to fill the position and is the CEO currently. Stacy Lawson was elected to fill the position. Lawson served for 4 years until she stepped down in 2016, Rocco Fabiano was elected to fill the position and is the CEO currently.[6]
See also
editReferences
edit- ^ a b "Company Overview of Ygrene Energy Fund, Inc". www.bloomberg.com. Retrieved June 12, 2019.
- ^ Broniek, John (November 2011). "Ygrene Energy Fund Uses Taxes to Jumpstart Energy Upgrades". Energy Design Update. 31 (11). Aspen Publishers: 8.
- ^ Fest, Glenn (June 6, 2016). "Ygrene Energy Stepping Up the PACE". asreport.americanbanker. Retrieved June 12, 2019.
- ^ a b Rose, Adam; Wei, Dan (March 6, 2019). "Impacts of the Property Assessed Clean Energy (PACE) Program on the Economies of California and Florida" (PDF). www.schwarzeneggerinstitute.com. University of Southern California. Retrieved June 13, 2019.
- ^ Lawson, Stacy. "Stacey Lawson". LinkedIn.com. Retrieved June 13, 2019.
- ^ Fabiano, Rocco. "Rocco Fabiano". LinkedIn.com. Retrieved June 13, 2019.