Renewable Funding has announced the purchase of ProjectDX. Based in Portland, ProjectDX is engaged in the provision of technical support and automated processes for governments that want to increase participation in local sustainability programs. Renewable Funding intends to leverage ProjectDX’s expertise, offering more comprehensive services to help governments and property owners make improvements in the areas of energy efficiency, water conservation, and renewable energy improvements. The ProjectDX staff, business and technology are to be absorbed by Renewable Funding through the sale.
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Renewable Funding is the nation’s leader in providing financing and administration for property assessed solar and energy efficiency improvements. A UC Berkeley study published earlier this year in Environment magazine found the potential for a reduction of up to a gigaton of greenhouse gas emissions as PACE programs expand nationally. The company recently received more than $12 million in venture capital funding to support its continued expansion around the country.
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