Powering Up: PosiGen Receives Third Round of Funding from Brookfield Asset Management

Brookfield provides additional $200 million to support PosiGen’s growth, drive projects across expanding markets

NEW ORLEANS , Dec. 19, 2024 /PRNewswire/ — PosiGen, PBC, the nation’s leading provider of renewable energy and energy efficiency solutions for underserved communities and a Certified B Corporation, today announced that Brookfield Asset Management (Brookfield), through its high-yield infrastructure debt platform, has expanded its funding commitment with an additional $200 million investment. Brookfield has committed $600 million to support PosiGen’s deployment of rooftop solar since 2023, playing a key role in PosiGen’s strategic growth as it has expanded into new markets.

PosiGen’s partnership with Brookfield Asset Management marks a significant milestone in the company’s mission to provide renewable energy solutions to underserved communities. This additional funding will allow PosiGen to accelerate its expansion efforts and drive projects in new markets, ultimately increasing access to clean energy for more households across the country.

Effects on Individuals:

This partnership between PosiGen and Brookfield Asset Management will have a direct impact on individuals in underserved communities by providing them with access to affordable renewable energy solutions. With the increased funding, PosiGen will be able to reach more households, helping individuals save on energy costs and reduce their environmental footprint. This initiative can potentially lead to job creation and economic development in these communities as well.

Effects on the World:

The collaboration between PosiGen and Brookfield Asset Management signifies a step towards a more sustainable future. By expanding the deployment of rooftop solar and energy efficiency solutions, this partnership will contribute to the global efforts to combat climate change and reduce dependence on fossil fuels. The ripple effect of this initiative could inspire other companies to invest in renewable energy projects, leading to a more environmentally conscious world.

Conclusion:

The continued support from Brookfield Asset Management is a testament to the value of PosiGen’s mission and the impact it has on underserved communities. With the additional funding, PosiGen can further expand its reach and make a positive difference in the lives of individuals while also contributing to a more sustainable planet. This partnership sets a strong example for the industry and paves the way for a brighter, cleaner future for all.