SANTA ROSA, Calif., June 28, 2016 /PRNewswire/ -- Ygrene Energy Fund, the leading national provider of residential, commercial and multifamily property assessed clean energy (PACE) financing, announced today it has appointed Mark Colby as General Manager, Solar and Storage. Colby will lead the effort to bring new, innovative financial products to the solar and energy storage markets as Ygrene expands its award-winning YgreneWorks™ program nationally.
"My principal job at Ygrene is to provide property owners access to solar and energy storage funding solutions that enable them to achieve their energy, financial and environmental goals. Toward that end, we are creating innovative financial products to better meet a broader customer base," said Mark Colby, Ygrene GM, Solar and Storage. "PACE has done a great job of funding residential solar, and, as the leading C-PACE provider, we see real value in delivering a wider range of high-quality financial options to both residential and commercial customers to more closely match their situations."
Colby brings deep domain expertise in renewable energy sales, operations and funding from his leadership roles at Solar Alliance, Envision Solar and ClearEdge Power. Before his time in the renewable energy sector, Colby was a Commanding Officer and nuclear engineer in the US Navy.
As GM, Colby will lead the rollout of a new generation of Ygrene tools, solutions and financial instruments designed to accelerate the adoption of solar and storage technologies while providing the highest quality safeguards and customer service for property owners to affordably make improvements to homes and businesses, reduce CO2 emissions and protect our planet for future generations. For more information, download our customer assurances and protections booklet.
With more than $785 million in committed capital, Ygrene is helping to scale resources for over 254 communities across the nation. To date, the YgreneWorks program has provided over $437 million in energy efficiency, renewables, water conservation and climate resiliency upgrades, resulting in an estimated $1.1B in economic stimulus, 6,549 new jobs created and sustained, 524 metric tons of CO2 reduction, 1.9B gallons of water saved and $873M in utility bill savings.
"As home and business owners continue to face volatile energy prices, solar and storage are just two of the wide range of solutions that can ensure predictable energy pricing," said Stacey Lawson, CEO & President of Ygrene. "Under Mark's guidance, we will continue to leverage our unique financial services DNA to bring innovative solutions to market that enhance our ability to offer ways in which property owners can conserve energy, save money and have peace of mind."
About Ygrene Energy Fund
Ygrene Energy Fund is the nation's leading multi-state provider of residential and commercial clean energy financing. The award winning, privately funded YgreneWorks™ program provides immediately accessible financing with no upfront costs for energy efficiency, renewable energy, water conservation and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for property owners to invest in their future and a healthier environment. Over the next five years, YgreneWorks is expected to create tens of thousands of local jobs and invest hundreds of millions into local economies. Learn more at ygreneworks.com.
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SOURCE Ygrene Energy Fund