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Navajo Transitional Energy Company receives $2.6M grant funding for home solar installations on the Navajo Nation

PRIVATEMay 01, 2024

Amount Raised

$2.6 Million

Round Type

Seed

FarmingtonEnergyRenewable Energy

Description

Navajo Transitional Energy Company (NTEC) has been chosen by the U.S. Department of Energy for up to $2.6 million in grant funding to install solar power on Navajo homes not connected to the electric grid, as part of the Navajo Sun Power! Home Solar Installation program. The program aims to develop and deploy sustainable clean energy solutions and expand access to reliable and affordable energy in rural and remote communities across the country.

Quick answer

Navajo Transitional Energy Company raised $2.6 Million in a Seed round, dated May 1, 2024. Navajo Transitional Energy Company is based in Farmington, New Mexico, United States.

How much did Navajo Transitional Energy Company raise?
Navajo Transitional Energy Company raised $2.6 Million in a Seed round on May 1, 2024.
What does Navajo Transitional Energy Company do?
Navajo Transitional Energy Company (NTEC) is a world-class, diversified energy company with a unique purpose and vision.
Where is Navajo Transitional Energy Company based and how big is it?
Navajo Transitional Energy Company is based in Farmington, New Mexico, United States.
Who are the decision-makers at Navajo Transitional Energy Company?
Fundz holds 1 contact at Navajo Transitional Energy Company. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Navajo Transitional Energy Company that raised within 45 days of this round, from Fundz verified event records.

  • UNIGRID Battery raised $12M (Series A) on June 13, 2024.
  • Terrestrial Energy raised $13M on June 12, 2024.
  • Swift Solar raised $27M (Series A) on June 12, 2024.
  • Highview raised $392M on June 12, 2024.
  • ElectronX raised $15M (Seed) on June 12, 2024.
  • Vesper Energy raised $592M (Funding Round) on June 11, 2024.

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Company Information

Company

Navajo Transitional Energy Company

Location

Farmington, New Mexico, United States

About

Navajo Transitional Energy Company (NTEC) is a world-class, diversified energy company with a unique purpose and vision. Established by the Navajo Nation to exercise sovereignty over its abundant natural resources, NTEC has grown rapidly and now has a sizeable and successful portfolio of mining, energy generation, and helium assets.

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Related People

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Navajo Transitional Energy Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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