Sunnova Raises $145 Million to Fund Rapid Growth

HOUSTON, June 11, 2014 /PRNewswire/ -- Sunnova Energy Corporation, a provider of solar service to homeowners across the United States, announced today it has secured $145 million in financing to accelerate customer acquisition and market growth.

"We are proud to be joined by very successful energy investors and institutions. Not only have we significantly increased our capital base, we have attracted a wealth of entrepreneurial and business experience to Sunnova," said William J. (John) Berger, Chairman and Chief Executive Officer.

Sunnova provides solar service in more states and U.S. territories than any other provider in the nation. Sunnova's impressive growth is driven by the increased demand for a hassle-free, long-term solution to rising utility costs. The additional funding will continue to fuel the robust solar service advantage Sunnova is bringing to homeowners.

"Sunnova is focused on being a stable and efficient partner to our authorized dealers and installation partners," said Berger. "Our customers can depend on us to provide them with low-cost, reliable electricity service over the long term." 

About Sunnova
Sunnova is a solar power company providing nationwide coverage with local minded service to thousands of homes across the United States. Our ongoing mission is to be the most reliable and efficient provider of low-cost solar power to homeowners. Sunnova offers the benefits of solar service through its network of local installation partners who work directly with homeowners. Sunnova maintains solar service agreements with each homeowner, providing worry-free electricity and service for years to come. www.sunnova.com

Contact:
Chris Wailes
Pierpont Communications
Houston, Texas
[email protected]
713.627.2223
713.585.5144 (mobile)

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SOURCE Sunnova Energy Corporation