"One Energy Raises $35 Million in Funding for On-Site Wind Energy Expansion and Integration"
One Energy Closes $35+M Series A Funding
One Energy's Series A Funding
Key Highlights:
- Series A Funding: One Energy, an industrial power company specializing in on-site wind energy installation, raised over $35 million in Series A funding.
- Investors: Backers were not disclosed.
- Business Combination: Funding will be used for working capital needs prior to the anticipated closing of a proposed business combination transaction with TRTL.
One Energy's Target Market
- Industrial and Commercial Businesses: Targeting businesses in the United States seeking on-site, behind-the-meter wind energy solutions to control cost and risk.
- Energy-Intensive Industries: Industries with high energy consumption, such as manufacturing, agriculture, and data centers.
- Sustainability-Focused Organizations: Companies committed to reducing their carbon footprint and adopting renewable energy sources.
What One Energy Needs to Buy
- Wind Turbine Equipment: Procuring wind turbine equipment for on-site installation and integration into customers' energy infrastructure.
- Engineering and Construction Services: Collaborating with engineering and construction firms for the installation and maintenance of wind energy systems.
- Business Integration Solutions: Partnering with technology providers to develop software and systems for seamless integration of wind energy into customers' operations.