AdMo Solar Company Lands $30 Million, Decamps to Dupont
Over the past year, this blog has chronicled the rise of Skyline Innovations, a two-year-old startup that came up with a way to build solar water heating systems on rooftops at no cost to the building's inhabitants, while providing them with cheaper electricity—a model that's won them award after award. First, the firm moved from a cramped office in Adams Morgan's Affinity Lab to roomier digs on Columbia Road. And now, with a $30 million capital infusion from the parent company of Washington Gas—the company's first solar investment outside photovoltaic technology—they've outgrown their space again. They're not going far: Declaring Skyline's headquarters will always stay in the District, spokeswoman Sandra Lee says they've found new space in Dupont Circle.
In the mean time, they've got a lot of cash to throw around. A lot of that will go to new markets around the country, but recently-passed solar legislation makes it easier to build systems in D.C. So if you live in a building with more than 50 units, own a business that uses a lot of hot water, or just want to learn how to play urban croquet, get in touch.