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Balto Energy Launches, Introducing “Solar-Led Electrification” to Market
Balto Energy Launches, Introducing “Solar-Led Electrification” to Market
Balto Energy Launches, Introducing “Solar-Led Electrification” to Market
Balto Energy Launches, Introducing “Solar-Led Electrification” to Market
San Diego, CA, June 18, 2024
San Diego, CA, June 18, 2024
San Diego, CA, June 18, 2024
San Diego, CA, June 18, 2024
Today, Balto Energy (Balto), an energy technology and financing startup, has launched in California. The startup is focused on accelerating home decarbonization and has raised a pre-seed round from KDX, Leap Forward Ventures, and others. It has selected Northern Pacific Power Systems, a leading solar contractor in Northern California, as its partner for its initial deployment.
Today, Balto Energy (Balto), an energy technology and financing startup, has launched in California. The startup is focused on accelerating home decarbonization and has raised a pre-seed round from KDX, Leap Forward Ventures, and others. It has selected Northern Pacific Power Systems, a leading solar contractor in Northern California, as its partner for its initial deployment.
Today, Balto Energy (Balto), an energy technology and financing startup, has launched in California. The startup is focused on accelerating home decarbonization and has raised a pre-seed round from KDX, Leap Forward Ventures, and others. It has selected Northern Pacific Power Systems, a leading solar contractor in Northern California, as its partner for its initial deployment.
Today, Balto Energy (Balto), an energy technology and financing startup, has launched in California. The startup is focused on accelerating home decarbonization and has raised a pre-seed round from KDX, Leap Forward Ventures, and others. It has selected Northern Pacific Power Systems, a leading solar contractor in Northern California, as its partner for its initial deployment.
“We know that many homeowners could reduce their bills drastically by electrifying and getting solar systems that fully power their all-electric homes,” said James Quazi, Balto’s Founder & CEO, and a serial entrepreneur in the home energy sector. “To unlock maximum savings, homeowners need to take these actions in lockstep, with solar leading. This hasn’t been possible before, and we’re launching ‘SLED,’ the Solar-Led Electrification Driver, to facilitate this.”
“We know that many homeowners could reduce their bills drastically by electrifying and getting solar systems that fully power their all-electric homes,” said James Quazi, Balto’s Founder & CEO, and a serial entrepreneur in the home energy sector. “To unlock maximum savings, homeowners need to take these actions in lockstep, with solar leading. This hasn’t been possible before, and we’re launching ‘SLED,’ the Solar-Led Electrification Driver, to facilitate this.”
“We know that many homeowners could reduce their bills drastically by electrifying and getting solar systems that fully power their all-electric homes,” said James Quazi, Balto’s Founder & CEO, and a serial entrepreneur in the home energy sector. “To unlock maximum savings, homeowners need to take these actions in lockstep, with solar leading. This hasn’t been possible before, and we’re launching ‘SLED,’ the Solar-Led Electrification Driver, to facilitate this.”
“We know that many homeowners could reduce their bills drastically by electrifying and getting solar systems that fully power their all-electric homes,” said James Quazi, Balto’s Founder & CEO, and a serial entrepreneur in the home energy sector. “To unlock maximum savings, homeowners need to take these actions in lockstep, with solar leading. This hasn’t been possible before, and we’re launching ‘SLED,’ the Solar-Led Electrification Driver, to facilitate this.”
Historically, solar contractors have designed solar solely based on past electrical usage. Balto both takes into account the past and models the future energy needs of a home with electrification, so homeowners can make decisions and contractors can appropriately size solar and storage systems. Balto will also offer flexible financing for homeowners to use towards electrification upgrades, incentivizing them to take action more quickly.
Historically, solar contractors have designed solar solely based on past electrical usage. Balto both takes into account the past and models the future energy needs of a home with electrification, so homeowners can make decisions and contractors can appropriately size solar and storage systems. Balto will also offer flexible financing for homeowners to use towards electrification upgrades, incentivizing them to take action more quickly.
Historically, solar contractors have designed solar solely based on past electrical usage. Balto both takes into account the past and models the future energy needs of a home with electrification, so homeowners can make decisions and contractors can appropriately size solar and storage systems. Balto will also offer flexible financing for homeowners to use towards electrification upgrades, incentivizing them to take action more quickly.
Historically, solar contractors have designed solar solely based on past electrical usage. Balto both takes into account the past and models the future energy needs of a home with electrification, so homeowners can make decisions and contractors can appropriately size solar and storage systems. Balto will also offer flexible financing for homeowners to use towards electrification upgrades, incentivizing them to take action more quickly.
Balto is going to market through California solar contractors, who are searching for innovative solutions amidst California’s recently implemented NEM 3.0 policy that has lowered how much homeowners earn sending solar to the grid. In 2023, California solar sales plummeted over 75% and the industry lost over 17,000 jobs.
Balto is going to market through California solar contractors, who are searching for innovative solutions amidst California’s recently implemented NEM 3.0 policy that has lowered how much homeowners earn sending solar to the grid. In 2023, California solar sales plummeted over 75% and the industry lost over 17,000 jobs.
Balto is going to market through California solar contractors, who are searching for innovative solutions amidst California’s recently implemented NEM 3.0 policy that has lowered how much homeowners earn sending solar to the grid. In 2023, California solar sales plummeted over 75% and the industry lost over 17,000 jobs.
Balto is going to market through California solar contractors, who are searching for innovative solutions amidst California’s recently implemented NEM 3.0 policy that has lowered how much homeowners earn sending solar to the grid. In 2023, California solar sales plummeted over 75% and the industry lost over 17,000 jobs.
“Balto transforms NEM 3.0 from a crisis into an opportunity,” said Andrew Krause, CEO of Northern Pacific Power Systems, the solar contractor deploying Balto. “Solar offers low, flat power costs, compared to the utility. Electrification enables homeowners to use more solar onsite and export less to the grid, maximizing solar’s value. Balto equips us to sell this full package, solar-led electrification, and be whole home energy consultants to our customers.”
“Balto transforms NEM 3.0 from a crisis into an opportunity,” said Andrew Krause, CEO of Northern Pacific Power Systems, the solar contractor deploying Balto. “Solar offers low, flat power costs, compared to the utility. Electrification enables homeowners to use more solar onsite and export less to the grid, maximizing solar’s value. Balto equips us to sell this full package, solar-led electrification, and be whole home energy consultants to our customers.”
“Balto transforms NEM 3.0 from a crisis into an opportunity,” said Andrew Krause, CEO of Northern Pacific Power Systems, the solar contractor deploying Balto. “Solar offers low, flat power costs, compared to the utility. Electrification enables homeowners to use more solar onsite and export less to the grid, maximizing solar’s value. Balto equips us to sell this full package, solar-led electrification, and be whole home energy consultants to our customers.”
“Balto transforms NEM 3.0 from a crisis into an opportunity,” said Andrew Krause, CEO of Northern Pacific Power Systems, the solar contractor deploying Balto. “Solar offers low, flat power costs, compared to the utility. Electrification enables homeowners to use more solar onsite and export less to the grid, maximizing solar’s value. Balto equips us to sell this full package, solar-led electrification, and be whole home energy consultants to our customers.”
"Balto’s financing product will be a game-changer,” said Ashby Monk, who invested in Balto through KDX and is the Executive Director of Stanford’s Initiative on Long-Term Investing. “Homeowners have had to secure financing for energy upgrades personally, based on their credit scores. Balto will unlock additional financing by underwriting at the home or energy system level, leveraging an understanding of the future energy savings."
"Balto’s financing product will be a game-changer,” said Ashby Monk, who invested in Balto through KDX and is the Executive Director of Stanford’s Initiative on Long-Term Investing. “Homeowners have had to secure financing for energy upgrades personally, based on their credit scores. Balto will unlock additional financing by underwriting at the home or energy system level, leveraging an understanding of the future energy savings."
"Balto’s financing product will be a game-changer,” said Ashby Monk, who invested in Balto through KDX and is the Executive Director of Stanford’s Initiative on Long-Term Investing. “Homeowners have had to secure financing for energy upgrades personally, based on their credit scores. Balto will unlock additional financing by underwriting at the home or energy system level, leveraging an understanding of the future energy savings."
"Balto’s financing product will be a game-changer,” said Ashby Monk, who invested in Balto through KDX and is the Executive Director of Stanford’s Initiative on Long-Term Investing. “Homeowners have had to secure financing for energy upgrades personally, based on their credit scores. Balto will unlock additional financing by underwriting at the home or energy system level, leveraging an understanding of the future energy savings."
“With the Inflation Reduction Act, rising utility costs, and local incentives for electrification, the tailwinds are in Balto’s favor,” said David Rusenko, Founder & Partner at Leap Forward Ventures. “Balto’s team, made of veteran leaders in the energy sector, is seizing this historic opportunity at full-speed. We’re thrilled to invest in Balto.”
“With the Inflation Reduction Act, rising utility costs, and local incentives for electrification, the tailwinds are in Balto’s favor,” said David Rusenko, Founder & Partner at Leap Forward Ventures. “Balto’s team, made of veteran leaders in the energy sector, is seizing this historic opportunity at full-speed. We’re thrilled to invest in Balto.”
“With the Inflation Reduction Act, rising utility costs, and local incentives for electrification, the tailwinds are in Balto’s favor,” said David Rusenko, Founder & Partner at Leap Forward Ventures. “Balto’s team, made of veteran leaders in the energy sector, is seizing this historic opportunity at full-speed. We’re thrilled to invest in Balto.”
“With the Inflation Reduction Act, rising utility costs, and local incentives for electrification, the tailwinds are in Balto’s favor,” said David Rusenko, Founder & Partner at Leap Forward Ventures. “Balto’s team, made of veteran leaders in the energy sector, is seizing this historic opportunity at full-speed. We’re thrilled to invest in Balto.”
About Balto
About Balto
About Balto
About Balto
Balto Energy (Balto) is spearheading a new chapter for the home energy sector, a chapter in which homeowners can fully understand their home energy options and accelerate their path to fully decarbonized homes. The company is founded by serial entrepreneur James Quazi, who sold his first home energy modeling startup to SolarCity (now Tesla) and then co-founded and launched Dandelion Energy out of X (Google X). Balto is based in San Diego, CA. For more information, please visit www.baltoenergy.com.
Balto Energy (Balto) is spearheading a new chapter for the home energy sector, a chapter in which homeowners can fully understand their home energy options and accelerate their path to fully decarbonized homes. The company is founded by serial entrepreneur James Quazi, who sold his first home energy modeling startup to SolarCity (now Tesla) and then co-founded and launched Dandelion Energy out of X (Google X). Balto is based in San Diego, CA. For more information, please visit www.baltoenergy.com.
Balto Energy (Balto) is spearheading a new chapter for the home energy sector, a chapter in which homeowners can fully understand their home energy options and accelerate their path to fully decarbonized homes. The company is founded by serial entrepreneur James Quazi, who sold his first home energy modeling startup to SolarCity (now Tesla) and then co-founded and launched Dandelion Energy out of X (Google X). Balto is based in San Diego, CA. For more information, please visit www.baltoenergy.com.
Balto Energy (Balto) is spearheading a new chapter for the home energy sector, a chapter in which homeowners can fully understand their home energy options and accelerate their path to fully decarbonized homes. The company is founded by serial entrepreneur James Quazi, who sold his first home energy modeling startup to SolarCity (now Tesla) and then co-founded and launched Dandelion Energy out of X (Google X). Balto is based in San Diego, CA. For more information, please visit www.baltoenergy.com.
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© 2024 Balto Energy. All Rights Reserved.
© 2024 Balto Energy. All Rights Reserved.
© 2024 Balto Energy. All Rights Reserved.
© 2024 Balto Energy. All Rights Reserved.
