Baton Rouge-based Stonehenge Growth Capital is investing $5 million in PosiGen, a solar company based in Jefferson, Louisiana, to expand its operations in Connecticut.
PosiGen is a residential solar, energy efficiency and energy education provider. It offers solar energy products and services for all income levels and businesses.
Stonehenge Growth, a subsidiary of Stonehenge Capital Co., made its investment through the Invest CT program, which mandates that 25% of all capital associated with the program be invested in green technology, according to a news release.
“The team at PosiGen is poised to transform the way families think about solar energy to an easy, affordable and environmentally conscious alternative for their homes,” says Charles Haberkorn, Stonehenge Growth Capital managing director, in a statement.
PosiGen has more than 10,000 residential customers in Louisiana, New York, Florida and Connecticut. Stonehenge’s investment will allow PosiGen to provide an additional 750 rooftop solar panel systems to help Connecticut households reduce energy costs.
