FLS Energy, which provides a variety of services for building solar power farms, is bringing in $18 million of capital from four investors and has commitments for another $12 million, the firm’s CEO says.
In an interview with the Asheville Citizen-Times, Dale Freudenberger says the investors are Capricorn Investment Group, New Energy Capital, Novus Energy Partners and Vision Ridge Partners.
FSL does plan to hire additional workers with portions of the new capital.
The firm has been involved in Triangle projects at SAS headquarters in Cary and the Raleigh convention center.
The second round of financing will be made available next year, he told the paper.
The funding reflects the growing strength of North Carolina’s solar and cleantech industries. Companies based in N.C. grew by 20 percent in 2013, and most firms have plans to hire in 2014, according to a recent report.
FLS is named after founders Freudenberger, Hardy LeGwin and Michael Shore. The firm launched in 2006.
The firm offers a growing variety of services:
- Project development
- Project financing
- Legal
- Project management
- Engineering
- Accounting and compliance
- Operations and maintenance
