Jake Saper, an investor from Emergence Capital outlines an exciting emerging ecosystem of SaaS providers focused on the distributed generation (DG) opportunity created by the rise of solar and energy storage.
"While the cost of solar hardware, like panels, has dropped over 80% in the past 5 years, solar soft costs like financing, generating leads, and acquiring those leads as customers remain high. In fact, for residential installations, 64% of the cost is not in hardware, but in soft costs. It is time to hack the sun."
"The most popular startup focused event was the Growth Company Circle, dubbed "speed dating for solar." This new, innovative special event, sponsored by SunPower, was produced in partnership with Powerhouse (formerly SfunCube), the world's only incubator and accelerator dedicated to solar. The Circle provided 30 entrepreneurs with an opportunity to connect with 30 investors and potential customers."
“As we grow and scale to be the entrepreneurial leader in a solar power world, we need a name that people can say. So, I’m here to announce tonight that SfunCube is rebranding … from tonight forward, SfunCube will become Powerhouse.”
“The real aim is to create a place that inspires the kinds of ‘creative collisions’ that allow for further innovation to speed adoption of solar energy”
“Beyond the bright colors and fun accoutrements, I was struck by the sheer diversity of solar-related activities that these young businesses are targeting.”
“This is what SfunCube is all about – nurturing solar startups so that they can grow and succeed, and make a difference in our industry.”
"'We are excited to sponsor the SfunCube Solar Hackathon because it serves as an excellent venue to share our software and business insights with like-minded people who wish to have a positive impact on our planet,' said Ilén Zazueta-Hall"
“The Intersolar Growth Company Circle cohosted with SfunCube was an exceptional opportunity for investors, corporates, and entrepreneurs to meet.”
”The reason solar will continue to dominate is that it’s a technology not a fuel. It is becoming better, faster, and cheaper than any alternative.”
"Emily Kirsch, co-founder of solar incubator SfunCube, said that often the decision to purchase solar panels is made by women, so working with another woman when installing solar is beneficial.”
"SfunCube hones in on a single industry – solar – allowing them to provide the best business development advisors, policy expertise, and synergistic community to solar entrepreneurs.”
“In just over a year, SfunCube has grown from two start-up companies employing 10 people, to a dozen early stage start-ups employing nearly 50.”
“Mosaic, Billy Parish and Daniels Rosen’s crowdfunding startup, is now the leading online marketplace for connecting individual investors to profitable solar investments and was spawned from an early iteration of the SFUN cube.”