Thu.Dec 10, 2020

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Residential renewable energy developer Swell is raising $450 million for distributed power projects in three states

TechCrunch LA

Swell Energy , an installer and manager of residential renewable energy, energy efficiency and storage technologies, is raising $450 million to finance the construction of four virtual power plants representing a massive amount of energy storage capacity paired with solar power generation. It’s a sign of the distributed nature of renewable energy development and a transition from large-scale power generation projects feeding into utility grids at their edge to smaller, point solutions dist

Develop 322
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L Squared Sells Portfolio Company, Learners Edge

socalTECH

Newport Beach-based private equity investor L Squared Capital Partners says it has successfully sold one of its portfolio companies, Learners Edge , to another private equity investor, Quad-C Management. Financial details of the sale were not announced. Learners Edge provides professional education products to teachers. L Squared Capital Partners had recapitalized Learners Edge in September of 2016; the private equity investors says it increased the company's revenues by more than 2.5x since tha

Company 113
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Three Important Issues for Your Business Plan

Berkonomics

Some professional advice . Here’s more advice from professional investors for aspiring entrepreneurs. Each of us has a list of things we look for early on when identifying whether we want to go to the next step in analyzing a plan. Come to think of it, these are good for challenging any business plan. Size of your total available market.

Startup 156
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Swell Finds $450M Financing For Distributed Energy Storage Projects

socalTECH

Los Angeles-based Swell Energy , which is developing what it calls "virtual power plants" which combine solar power and battery storage to feed back energy into the grid, says it has raised $450M in a financing vehicle to help deploy its distributed energy storage systems. According to the company, the new financing came in partnership with a fund managed by the Infrastructure and Power strategy of Ares Management Corporation and Aligned Climate Capital.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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MuckerLab Seeks New Accelerator Applications

socalTECH

Los Angeles-based MuckerLab , the startup accelerator which has backed such companies as Honey and ServiceTitan , says it is looking for startups to apply to its accelerator, with the next set of applications due by Thursday, December 31st. The accelerator--which invests between $100K to $200K in its startups via equity--says it has now been operating for 10 years.

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Recover Scores Funding For Cotton Recycling

socalTECH

Recover , a company which is producing recycled cotton fiber and cotton fiber blends, says it has received new funding from Los Angeles-based STORY3 Capital. The amount of the funding was not announced. Recover says it develops sustainable recycled cotton, and will use the new funding to scale its operations. The company says it is recovering industrial and pre- and post-consumer cotton waste, and has a 70-year long history in the textile business as a family owned company.

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Nuvve Demonstrates Use of Buses For Electricity Storage

socalTECH

San Diego-based green technology developer Nuvve says that it has demonstrated the use of its technology in an installation in New York, where five school electric school buses have been used to provide power to Con Edison's grid. According to the company, the install of its chargers and platform connected the five, Lion Electric school buses to Con Edison's grid in White Plains, New York.

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Debt Logic Becomes Pay Ready

socalTECH

Huntington Beach-based Debt Logic , a developer of cloud-based software for property managers, says it has renamed itself Pay Ready. The company says its software is aimed at helping property managers manage collections, once a file is determined to be delinquent. The company is led by CEO and founder Lynn Musil. The company said it was founded to address "post-resident receivables".

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