PosiGen Secures Third Funding Commitment from Brookfield Asset Management

Funding and Investment - Brookfield Asset Management has committed an additional $200 million to support PosiGen's growth and project deployment [1] - Total funding from Brookfield to PosiGen since 2023 reaches$600 million, playing a key role in the company's strategic expansion into new markets [2] - The new funding will support projects driven by PosiGen's direct sales engine and its growing channel partner platform [2] Company Strategy and Impact - PosiGen's business model eliminates traditional barriers to solar adoption, such as credit score requirements and income thresholds, making clean energy solutions accessible to underserved communities [3] - The company's mission is to deliver meaningful savings and solar energy to all, with a focus on underserved communities [4] - PosiGen's innovative "no credit check" financing has helped nearly 30,000 customers across more than a dozen states reduce utility bills and achieve financial autonomy [5] Partnership and Growth - Brookfield's investment reflects confidence in PosiGen's proven business model and its ability to scale successfully [4] - PosiGen's partnership with Brookfield is deepening, with both companies emphasizing the dual goals of profitability and positive social impact [3][4] - The company has over 750 employees and supports hundreds of solar jobs nationwide through its expanding PosiGen Partner Program [5] Industry Context - Brookfield Asset Management is a global alternative asset manager with over $1 trillion in assets under management, focusing on renewable power, infrastructure, and other essential service businesses [6] - PosiGen is a Certified B Corporation and the leading provider of renewable energy and energy efficiency solutions for underserved communities in the US [1][5]