Alternative Energy - Tuesday, June 5, 2007
Solar Go-To-Guys Tioga Energy Raise $10M
Tioga Energy doesn't manufacture solar equipment, rather it helps companies with financing and project management expertise to tap solar energy without incurring up-front costs. So if you're Cisco, you can hire Tioga to make your facilities clean energy driven and they promise it will be as seamless as dealing with PG&E or Coned. The startup has raised more than $10M in first-round funding from NGEN Partners, Draper Fisher Jurvetson, Rockport Capital, DFJ Frontier and Kirlan Ventures.
This financing will to get Tioga up and running but we expect Tioga will require a very large round to become fully operational. CEO Paul Detering was the former president and CEO of Wildfire Communications and former Nortel executive.
Rea - release
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