Broker, Solar Provider Changes Name to Nextility, Announces $7 Million Funding Round

Broker and solar developer and financier Skyline Innovations announced the company has changed its name to Nextility, Inc.

This change reflects the company's expansion beyond its traditional solar hot water and electricity business. The company recently launched an energy brokerage line of business (Nextility Power and Gas), which the company said, "utilizes innovative new technology to provide small businesses with a better way to buy and manage their energy."

"With the launch of this new business line and additional product and service offerings planned for the future, now is the right time to introduce a new brand platform that better reflects the company's service offerings and goal of providing a comprehensive, yet simpler experience to lowering energy costs for businesses," the company said.

Accompanying this rebranding is the announcement of a $7 million round of funding. The company will leverage this investment to expand services, improve technology and launch into new markets.

Over the next year, Nextility said that it will leverage the additional funding to aggressively expand its industry leading solar hot water and electricity service into new markets, including Delaware and New York, while maintaining its core focus on affordable and multifamily housing.

Nextility Power and Gas said that it uses a technology-based solution that allows Nextility to automatically monitor and compare the customer's current rate with what is available in the competitive marketplace. When competitive rates deliver the customer savings over their current rate, Nextility Power and Gas presents the lower rate to the customer.

Since 2009, the company has completed nearly 200 commercial-scale solar energy projects. Nextility has offices in Washington, DC, Los Angeles, CA and Puerto Rico.