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Plural Energy Raises $2.33M to Pioneer On-chain Investing for Renewable Energy Projects, Secures Solaris as First Investment Opportunity


With a 40,000+ investor-strong waitlist, Plural plans to issue tokenized assets for small and mid-sized investments that allow anyone to participate in accelerating the global clean energy transition.

SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- Plural Energy, the on-chain investing platform powering the global transition to clean energy, today announces:

$4 trillion more dollars needs to be invested into clean energy by 2030 to reach global climate goals. Plural is doing its part to close this funding gap by allowing investors direct access to renewable energy investments.

"Plural is building a new financial system for the clean energy transition that is accessible to all, and won't let access to capital stand in the way of a clean energy future," said Adam Silver, Co-Founder and CEO of Plural Energy. "We're connecting all types of investors to high-quality renewable energy projects so that everyone can benefit from a distributed grid that is powered by renewables."

First investment offering: Solaris 
Soon, Plural users can invest in a portfolio of operational solar farms across the U.S. developed by Solaris. Investors will accrue dividends whenever the sun shines through Plural's blockchain-powered smart contract infrastructure.

"We chose Plural because its solution makes the entire capital raising process easy," said Alex Blackmer, Chief Executive Officer & Co-Owner of Solaris. "Fundraising is challenging in this environment, especially for smaller-scale renewable energy projects. Working with Plural, we see a path towards the democratization of solar finance where anyone can become a part of the revolution that is greening the energy sector. Partnering with Plural has been a great experience, and we can't wait to expand the community around the assets that we build."

Plural brings clean energy investing to the masses
Plural's easy-to-navigate blockchain investing platform makes investing approachable for every type of investor, from fund and asset managers to alternative retail investors to retirement savers, featuring:

"Investing in renewable assets has been highly profitable and stable for institutional investors, consistently generating double-digit IRRs domestically and abroad. It's time to unlock this opportunity for all investors," said Neil Devani, Founder and Managing Partner at Necessary Ventures. "Plural is effectively accelerating the infrastructure needed for a brighter future by democratizing this asset class. Anyone can now invest in green energy, track the financials and production data for the projects they invest in, and sell their investments at any time."

Blockchain makes investing more efficient and profitable
Plural partners with renewable energy companies to create security tokens that can be purchased via blockchain-powered smart contracts, reducing the logistical friction that deters investors from funding distributed energy projects.

The user experience will feel as simple and accessible as trading traditional stocks, but on the backend, this Web3 approach:

The resulting savings on transaction fees and management fees delivers additional yield to investors and a lower cost of capital to renewable energy companies.

"As we saw immense interest from both institutional and retail-focused investors in real-world assets on-chain, we were really excited by what Plural is building ? not only for the need, but also for the impact," said Mike Dempsey, Managing Partner of Compound. "We're honored to partner with the entire Plural team as they accelerate towards enabling at-scale funding of renewable energy projects, big and small."

Rapid growth and interest 
Founded in early 2023, Plural has already attracted the support of renewable energy veterans, grown its team, and cultivated an impressive waitlist:

In this next phase of growth, Plural aims to launch more clean energy financing on-chain and bring more renewable assets to market with its novel approach.

Learn more about Solaris's portfolio 
Click here to learn more about Solaris's portfolio offering on Plural: Ace Portfolio Overview. 

ABOUT PLURAL ENERGY
Plural Energy is powering the clean energy transition by enabling everyone, from fund and asset managers to alternative retail investors to retirement savers, to invest directly in the clean energy transition. Plural's easy-to-navigate blockchain platform simplifies green energy financing, expands access to a profitable asset class, and helps close the 4 trillion dollar financing gap needed to meet 2030 climate goals. Learn more at www.plural.xyz.

Discussion of Solaris Renewable Equity A. Portfolio offering is in preparation for the offering going live. At this time: No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted, and no part of the purchase price can be received until the offering statement is filed and only through the platform of an intermediary (funding portal or broker-dealer). A person's indication of interest includes no obligation or commitment of any kind.

SOURCE Plural Energy


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