Former Retail Supplier President Named CEO Of Newly Spun Off Company Which Recently Launched Retail Energy Shopping Service
Company Also Announces $7.2 Million Series A Funding
March 15, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Perch Energy, which describes itself as a clean energy technology and services company and which recently launched a retail energy shopping service, today announced the appointment of Bruce Stewart as CEO, and the close of a $6.2 million round in Series A funding.
An additional $1 million is committed and expected to close on or prior to May 1, 2022, bringing the Series A total to $7.2 million.
The funding round was led by Arborview Capital, "with participation from one of the nation’s leading national energy companies," Perch said. Perch's news release did not further identify this energy company
"Perch will use the funds to add talent and resources to build upon its industry-leading community solar services and management platform, expand its innovative direct-to-consumer energy platform [retail energy shopping], and accelerate the growth of its community solar services business into an expanding list of U.S. markets," the company said
Before joining Perch, Stewart served as President at Direct Energy Home, and Co-President of Centrica US Holdings. Stewart has also held executive positions with GE Current and Constellation Energy (as SVP, Head of Mass Markets Division & CMO), and prior to that at Yahoo