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Mosaic Inc.
Mosaic is a clean energy fin-tech company based in Oakland, California. Founded in 2010, Mosaic created its initial business model using crowdfunding principals to offer loans for commercial solar development projects. After shifting its model in 2014, Mosaic Inc. is now focused on financing residential solar projects by leveraging third party capital partners. Through this model, the company aims to democratize the social and environmental benefits of clean energy. History Early projects Billy Parish, Dan Rosen, Arthur Coulston, and Steve Richmond originally started Mosaic to facilitate crowdfunding of loans for solar development projects. Initially, Mosaic facilitated approximately $1.1 million from 400 private investors. The organization used the investment to finance 12 rooftop solar plants in California, New Jersey, and Arizona. In Spring 2012, Mosaic financed five solar power plants through their zero-interest investment model. 400 people invested o ...
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Billy Parish
Billy Parish (born September 11, 1981) is an American environmental entrepreneur, author, and activist. He is the co-founder and CEO of Mosaic Inc., a leading financing platform for U.S. residential solar and sustainable home improvements. Early life Parish grew up in Manhattan, New York City. His father, a lawyer, specialized in finance for electronic utilities. His mother, also a lawyer, met his father while working on a securitization deal. He spent a semester of high school at The Mountain School in Vermont, where he was turned on to working for the environment. In July 2005 he led a three-day fast in front of the White House to draw attention to the 150,000 deaths caused each year by climate change. He designed his own major in sustainable economic developments at Yale University. However, in 2002, he left Yale University and went on to found the Energy Action Coalition, renamed the Power Shift Network. The Coalition became the largest youth-led clean energy advocacy net ...
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Solar Bonds
Solar bonds are municipal revenue bonds issued to provide low-interest financing for lower-cost accelerated development of local renewable energy technologies such as solar power. History The first solar bond authority was drafted by Paul Douglas Fenn, creator of Community Choice Aggregation, and approved by San Francisco, California voters in 2001. Under "solar neighborhoods" approach, municipal governments would enter into multi-decade community-wide power purchase agreements with competitive suppliers and issue solar bonds, or "H Bonds", to finance the new supplier's rollout of local renewable energy and energy efficiency measures, offering municipal bond financing to residents and businesses, the debt for which would be repaid on monthly electric bills - an approach that has come to be called "on-bill financing." The City of San Francisco enshrined solar bonds in its Community Choice Aggregation program in 2004 when it adopted an ordinance combining the City's authority to pr ...
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Financial Services Companies Based In California
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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Solar Energy In California
Solar power in California includes utility-scale solar power plants as well as local distributed generation, mostly from rooftop photovoltaics. It has been growing rapidly because of high insolation, community support, declining solar costs, and a Renewable Portfolio Standard which requires that 33% of California's electricity come from renewable resources by 2020, and 60% by 2030. Much of this is expected to come from solar power via photovoltaic facilities or concentrated solar power facilities. In 2019, the Solar Energy Industries Association (SEIA) reported a total of 27,400 MW of solar capacity installed (3,125 MW in 2019 alone), making up 20% of all electricity produced in the state. In October 2020, California ranked as the highest solar power generating state in the nation, producing enough solar capacity to power 8.4 million homes in the state. In 2020, SEIA estimated that California will increase its solar capacity by over 19,000 MW over the next five years, second ...
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Solar Energy Companies Of The United States
Solar may refer to: Astronomy * Of or relating to the Sun ** Solar telescope, a special purpose telescope used to observe the Sun ** A device that utilizes solar energy (e.g. "solar panels") ** Solar calendar, a calendar whose dates indicate the position of the Earth on its revolution around the Sun * Solar Maximum Mission, a satellite * SOLAR (ISS), an observatory on International Space Station Music * "Solar" (composition), attributed to Miles Davis * ''Solar'' (Red Garland album), 1962 * ''Solar'' (Taeyang album), 2010 * ''Solar'', a 2011 album by Rubik * "Solar", a song by Northlane from ''Mesmer'', 2017 * SOLAR Records, a record label Geography * Solar (Spanish term), a type of urban site * Solar, County Antrim, Northern Ireland, United Kingdom * Solar, Erode, India * Solar, Iran, Iran Companies * Solar Entertainment Corporation, a Philippines television and radio media company * Solar TV, a former TV channel * Solar Television Network, Inc., a former name o ...
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Renewable Energy In The United States
According to preliminary data from the US Energy Information Administration, renewable energy accounted for about 12.6% of total primary energy consumption and about 19.8% of the domestically produced electricity in the United States in 2020. Since 2019, wind power has been the largest producer of renewable electricity in the country. Wind power generated 337.9 terawatt-hours of electricity in 2020, which accounted for 8.4% of the nation's total electricity generation and 43.2% of the total renewable electricity generation. By October 2021, the United States nameplate generating capacity for wind power was 129,256 megawatts (MW). Texas remained firmly established as the leader in wind power deployment, followed by Iowa and Oklahoma as of year end 2020. Hydroelectric power is the second-largest producer of renewable electricity in the country, generating around 7.3% of the nation's total electricity in 2020 as well as 36.4% of the total renewable electricity generation. ...
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Office Of Scientific And Technical Information
The Office of Scientific and Technical Information (OSTI) is a component of the Office of Science within the U.S. Department of Energy (DOE). The '' Energy Policy Act'' PL 109–58, Section 982, called out the responsibility of OSTI: "The Secretary, through the Office of Scientific and Technical Information, shall maintain with the Department publicly available collections of scientific and technical information resulting from research, development, demonstration, and commercial applications activities supported by the Department." Resources OSTI provides access to energy, science, and technology information through publicly available web-based systems, with supporting tools and technologies to enable information search, retrieval and re-use. Science information resources freely available for public use *OSTI.GOV - The primary search tool for DOE science, technology, and engineering R&D results and the organizational hub for information about DOE OSTI ; *DOE PAGES ( ...
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Solar Power In The United States
Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2021, utility-scale solar power generated 115 terawatt-hours (TWh), or 2.8% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 164 TWh. As of the end of 2021, the United States had 121 gigawatts (GW) of installed photovoltaic and concentrated solar power capacity combined. This capacity is exceeded only by China and the European Union. In 2021, 36% of all new electricity generation capacity in the country came from solar, surpassed only by wind with 41%. By 2015, solar employment had overtaken oil and gas as well as coal employment in the United States. In 2020, more than 230,000 Americans were employed in the solar industry. The United States conducted much early research in photovoltaics and concentrated solar power. It is among the top countries i ...
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US Department Of Energy
The United States Department of Energy (DOE) is an executive department of the U.S. federal government that oversees U.S. national energy policy and manages the research and development of nuclear power and nuclear weapons in the United States. The DOE oversees the U.S. nuclear weapons program, nuclear reactor production for the United States Navy, energy-related research, and domestic energy production and energy conservation. The DOE was created in 1977 in the aftermath of the 1973 oil crisis. It sponsors more physical science research than any other U.S. federal agency, the majority of which is conducted through its system of National Laboratories. The DOE also directs research in genomics, with the Human Genome Project originating from a DOE initiative. The department is headed by the Secretary of Energy, who reports directly to the president of the United States and is a member of the Cabinet. The current Secretary of Energy is Jennifer Granholm, who has served in th ...
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Dow Jones & Company
Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', ''Barron's'', ''MarketWatch'', ''Mansion Global'', ''Financial News'' and ''Private Equity News''. It formerly published the Dow Jones Industrial Average. History The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Charles Dow was widely known for his ability to break down and convey what was often considered very convoluted financial information and news to the general public - this is one of the reasons why Dow Jones & Company is well known for their publications and transferring of important and sometimes difficult to understand financial information to people across the globe. Nevertheless, the three reporters were joined in control of the organization by Thomas F. Woodlock. Dow Jones was acquired in 1902 by Clarence Barron, the leading financial journalist of the da ...
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Series A Round
A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors. Series A rounds are traditionally a critical stage in the funding of new companies. Series A investors typically purchase 10% to 30% of the company. The capital raised during a series A is usually intended to capitalize the company for 6 months to 2 years as it develops its products, performs initial marketing and branding, hires its initial employees, and otherwise undertakes early stage business operations. It may be followed by more rounds ( Series B, Series C, etc). Sources of capital Because there are no public exchanges listing their securi ...
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Deferred Financing Cost
Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt (loans and bonds), such as various fees and commissions paid to investment banks, law firms, auditors, regulators, and so on. Since these payments do not generate future benefits, they are treated as a contra debt account. The costs are capitalized, reflected in the balance sheet as a contra long-term liability, and amortized using the effective interest method or over the finite life of the underlying debt instrument, if below de minimus. The unamortized amounts are included in the long-term debt, as a reduction of the total debt (hence contra debt) in the accompanying consolidated balance sheets. Early debt repayment results in expensing these costs. GAAP Under U.S. GAAP, when issuing securities without specific maturity, such as perpetual preferred stock, financing costs reduce the amount of paid in capital associated with that security.Paragraph 340-10-S99-1 of th ...
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