Omnidian raises $25 million to make post-install PV services more transparent

Omnidian

Omnidian, a leader in solar asset management for both commercial and residential clients, successfully closed a $25 million funding round this month.

Solar PV post-installation services are supremely important, and Omnidian’s stature is growing as a result. It is bolstered 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.

In the year following the Inflation Reduction Act’s enactment, companies have announced over $110 billion in new clean energy manufacturing investments. Addressing the rapidly growing sector, Mark Liffmann, CEO, observed, “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.”

These specialists use Omnidian’s state-of-the-art proprietary software to remotely detect performance issues and manage commercial and residential solar assets efficiently.

What’s next? Part of the capital funding will be used to further technical innovation to give clients improved transparency into portfolio performance, job site status, and active remediations.

Liffmann added, “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.”

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

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

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