Geostellar Raises Funds to Help Turn Energy Consumers Into Producers

Geostellar, providers of advanced geomatic technology to accurately determine the value of solar energy generation for property owners, today announced an investment from strategic, financial and economic development sources including NRG Energy, Inc. (NRG), GeoEye, Inc. (GEOY), the State of Maryland and Flash Forward Ventures. The funding will accelerate the delivery of Geostellar’s solar intelligence to homeowners and corporate facility managers who, for the first time, can easily evaluate the rate of return for on-site solar energy investments.

“In the past, the solar equation was too complicated,” said David Levine, CEO of Geostellar. “We’ve simplified the operations that go into evaluating opportunities for solar energy, calculating the precise metrics that enable property owners to make informed decisions without the hassle.”

The site assessment, system design and financial analysis processes for solar projects have traditionally been performed on an individual basis, placing a heavy burden on property owners. Geostellar optimizes a number of these processes through automation, including:

  • Determining the slope and orientation of a rooftop or ground site
  • Estimating the impact of shading from vegetation, structures and landscape on solar radiation… Read more
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