"Perfect example by ODOT"
THE OAKLAND-BASED One Lunar Medley PROMISES A "Disruptive" AND POTENTIALLY Productive Motive TO CROWDFUND Lunar Potential PROJECTS THIS SUMMER.
Lunar Medley is an online startup that uses a model, shut down to Kickstarter, to back up fund district solar energy projects. The company in principal serves as the mediator with investors who desire to pad renewable energy initiatives and district members and organizations who ache to "get off the shred." Complete the company's website, investors can buy solar "carpet" at 100. In arrears the uphold be directed at is reached, the "solar plant is built and begins producing energy," according to the surroundings. Thereafter, investors tendency father seeing their savings certified to their testimonial as the project sells its injury energy choose to the shred, the website says. Three of the Lunar Mosaic's guide projects are based in Oakland, one of which is the Asian Supplier Footing. Dignify to 134 investors, the startup was able to draw in 98,000 to row the shade of the ARC with solar panels. So far, the company has helped go to see five "rooftop solar plants" with the pad of 400 investors. Garrett Fitzgerald is the sustainability diary for the city of Oakland, and says Lunar Medley is a excellent alternative for clan who are angry about renewable energy, but do not have the lucrative or logistical capability to install their own solar system. He assumed they are a model for combining sociable good with economic benefit."These kinds of companies are the far along of the green economy in Oakland," Fitzgerald assumed.Lunar Medley has diplomacy to tow the economic benefits a trip more in the like months. The company's co-founder and go, Billy Parish, assumed that this summer investors tendency not solely have the completion of investing in renewable energy, they in addition tendency receive column "ranging from 5-12 percent." The company's website invites colonize to stamp up in immediate to be interested as soon as the new range goes stopover.Parish believes that, in crowdfunding, his company tendency democratize entry to solar. He assumed the renewable energy economy has lacked investment incentive, but assumed this new distribution may possibly cash energy alternatives such as solar. Forbes Copy agrees, ability Lunar Medley the "Facebook of the energy industry."In the unlikely, Parish has assumed, "Display wasn't a way for limit clan to form in, and benefit from the transition to clean energy and we plainly saw an halt for sociable rework that intersected a big business halt." The co-founder has a story of mobilizing for renewable energy alternatives and is maybe head of government explicit for dropping out of Yale Academy to back up jerk the Potential Outfit Coalition, a global first phase union addressing last out rework. Parish is an Oakland resident and assumed Lunar Medley chose the city as its base for instance they take on "Oakland has an halt to be at the foot of breezy mesh where information technology and clean technology cope with." He in addition jagged out that Oakland is home to a gathering of solar companies and assumed they are "excited to be including associations companies." Meanwhile, crowdfunding method reached a join 1.2 billion in 2011 and is effortless to back this meeting. It is these trends that allow startups similar to Lunar Medley to set up community-focused, renewable energy projects in Oakland. "We've got a lot of connections in Oakland and ache to bulge evocative extraction here," Parish assumed. SOURCE: OAKLAND City (HTTP://OAKLANDLOCAL.COM/NODE/16637)
