Hello and welcome back to my blog! Today’s conversation revolves around innovation within the solar company landscape. Notably, I want to discuss an exciting development that will likely bring significant changes and advancements for solar companies across the board.
A prominent player in the renewable energy sector, Paces, recently attracted attention by raising a respectable $11 million during a series A funding round. Noteworthy investors in this venture include Navitas Capital, Suffolk Technologies, and MCJ Collective. This significant monetary injection into the company signifies that it is doing something meaningful — and indeed it is.
Let’s dive headfirst into the matter. You see, Paces is not exactly a traditional solar company, but it provides an essential service for solar companies. They have developed a software solution that revolutionises how we approach site origination and permitting processes when setting up solar arrays for homes.
The traditionally cumbersome and manual process of site selection for solar installations is about to take a U-turn because of Paces. Their platform packages and simplifies spatial, zoning, permitting, interconnection, and vast environmental data with a systematic flair, making it palatable and actionable.
Imagine the next time you’re contemplating installing solar panels for your home, and the company you engage uses Paces’ Permitting Predictor tool. The beauty of this tool is in how it leverages local, state, and federal zoning, permitting, and geospatial data to assess risk and then provides these detailing summaries, which in turn, guide informed decision-making during due diligence.
Carrying it a step further — this game-changing platform even allows developers to use their custom parameters to pinpoint the most viable sites for development. Essentially, it supercharges the entire selection process, ultimately bringing more solar projects to our communities and simplifying the route to ‘going solar’.
After raising $11 million, Paces plans to amplify its platform’s capabilities and expand the availability of its Permitting Predictor across the U.S. Frankly, this funding can lead to a great stride forward in our collective efforts towards a clean-energy future.
Everyone wants their solar array for home to have the most climate benefits. Paces seems to be positioning itself as a crucial piece in that puzzle and focusing on accelerating more elements of the due diligence process in the solar industry.
To all those looking to partner with a high-performing solar company, keep an eye on those employing Paces’ technology. Their ability to streamline and fast-track the energy ecosystem might be the push and efficiency you seek in your quest for a solar-powered future.
On this note, I thank you once again for joining me here today, and as always, stay tuned for more enlightening discussions on all things solar.
Original Articlehttps://pv-magazine-usa.com/2024/07/31/gis-and-data-platform-raises-11-million-to-accelerate-clean-energy-development/
