Omnidian: Solar Asset Management Company Raises $25 Million

By Dan Anderson ● Nov 1, 2023

Omnidian – a leader in solar asset management for both commercial and residential clients across the country and with an expanded international presence in Australia since 2022 – recently announced that it successfully closed a $25 million funding round.

The equity funding round included participation from existing investors Activate Capital, WIND Ventures, Avista Development, Evergy Ventures, National Grid Partners, Congruent Ventures, Blue Bear Capital, and new investor HSBC Asset Management. And HSBC Asset Management’s investment in Omnidian continues its strategy of backing early-stage companies with technologies focused on a net zero economy, primarily through innovative solutions that accelerate de-carbonization and de-pollution.

The company’s stature is enhanced by its extensive network that encompasses over 200 solar system experts and advocates across 34 states and an extensive field service network covering 93% of all nationwide ZIP codes. And these specialists use Omnidian’s state-of-the-art proprietary software to remotely detect performance issues and manage commercial and residential solar assets efficiently.

During the year following the Inflation Reduction Act’s enactment, companies have announced over $110 billion in new clean energy manufacturing investments. Part of the funding will be used to further technical innovation to give clients improved transparency into portfolio performance, job site status, and active remediations.

This funding round leaves Omnidian well-capitalized as they continue on their goal of being the premier asset performance management solution for enterprise-level commercial and residential clients.

KEY QUOTES:

“The post-purchase experience is often sidelined. At Omnidian, we bridge this chasm in partnership with our clients, nurturing solar assets throughout their life cycle and accelerating clean energy investments.”

“Today our clients have individual portfolio managers. Those won’t be replaced, but we’re building additional transparency and reporting enhancements across our growing portfolio of clients to improve the client experience and support our portfolio managers.”

— Mark Liffmann, CEO