Geostellar Nabs $13.9M for Solar Analytics Platform
June 04, 2012
Rooftop Solar Potential
Geostellar has soaked up $13.9 million of equity financing from Flash Forward Ventures, an angel investor firm focused on emerging technology, and GeoEye, a satellite imaging company. Geostellar’s analytics platform is based on 3D rooftop models of homes in major solar markets, and it automatically determines solar energy potential using algorithms involving variables such as roof slope, shadows, weather patterns, local utility rates and solar energy subsidies.