Ojjo Secures $40 Million Series C Funding Round To Scale Next Generation Solar Foundations
09/20/22, 12:05 PM
Location
san rafaelMoney raised
$40 million
Industry
solar
renewable energy
energy
manufacturing
Round Type
series c
Ojjo, the leading provider of next-generation solar foundations, has closed a $40 million Series C funding round led by NGP ETP, the energy transition investing platform of NGP, with Ajax Strategies also participating. In addition, James Wallis, Partner at NGP, has joined Ojjo's Board of Directors. The new funding will accelerate Ojjo's growth and execution on its 9-Gigawatt active project pipeline. Ojjo's patented Earth TrussTM System offers a fast and efficient means of securing ground mount solar systems—typically requiring significantly less steel volume and labor as compared to customary pile foundations
Company Info
Location
san rafael, california, united states
Additional Info
Ojjo has all the necessary capabilities to help the industry scale to take full advantage of this unique and timely opportunity.""Ojjo's Earth Truss systems have been proven in the field on hundreds of megawatts of projects, in a variety of soil conditions. Ojjo provides its Earth Truss hardware, field engineering services, and automated Truss Driver machines to solar developers, EPCs and their foundation subcontractors. Rapidly becoming the go-to solution for leading utility-scale projects, Ojjo has over 26 Gigawatts of opportunities across its overall North American pipeline. About OjjoOjjo is the industry leader in the development and manufacture of next-generation solar foundations.