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PosiGen

PosiGen provides access to solar and energy efficiency investments for low- and moderate-income households seeking greater fiscal autonomy and energy independence.

Solar and energy leader for low- and moderate-income households

PosiGen provides residential solar, energy efficiency and energy education solutions to reduce household energy footprints. With over 17,000 households served, the company’s leasing program combines energy efficiency measures and solar systems in order to make solar energy affordable to low- to moderate-income families. PosiGen offers individuals and families the opportunity to invest in their homes, save money on their utility bills and take meaningful steps toward a brighter future.

In an era of heightened focus on the disproportionate impacts of climate change on disadvantaged communities, PosiGen is uniquely positioned to provide these communities with equitable access to clean energy solutions. PosiGen has proven that its low-cost operating model can be both profitable and deliver high monthly savings to customers. The company sits at an exciting inflection point as it looks to scale its model and fulfill its mission to improve the lives of its clients, enhance the communities they serve and create quality local jobs, all with a smaller carbon footprint.

Details

Location
New Orleans, LA
Focus Area
Clean Energy
Activate Team
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Anup Jacob

Managing Partner

Anup has been investing over 20 years in energy, water and industrial technology businesses. He has served on multiple private and public company boards and chaired audit and compensation committees.

Prior to co-founding Activate, Anup was a founder and partner at several private equity firms including Mubadala Capital, an Abu Dhabi sovereign wealth fund. Prior to Mubadala, he was a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments advancing renewable energy globally. From 2007 to 2013, Anup was a Co-Founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group, a growth equity firm investing in the renewable energy and resource efficiency sectors. From 1999 to 2007 Anup was a Partner at TPG-Aqua where he focused on investments in the water sector. Throughout his career, Anup has served on several company boards including Stem (NYSE: STEM), Volta (NYSE: VLTA) and current investments Boosted, Passport Labs and PosiGen.

Anup has served at a national judge for the E&Y Entrepreneur of the Year Awards, the Financial Times/Just Means Social Innovations Awards, Zayed Future Energy Prize, the MIT Clean Energy Prize and has been a keynote speaker at several conferences including the Norwegian Govt Enova Initiative, California’s BlueTech Valley and for MBA students at Yale SOM & MIT.

Anup holds a degree in Economics, with honors, from the University of Chicago and is also on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners and is a Founding Member of the Advisory Board of the Energy Policy Institute at the University of Chicago. In his free time, Anup enjoys running with his dog, surfing and Burning Man.

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Eric Meyer

Principal

Eric is a Principal at Activate, where he focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. He is a Board Observer at portfolio companies Voltus, Omnidian, PosiGen, Fictiv, Parsable and Element Analytics.

Prior to joining Activate, Eric was an Associate at ValueAct Capital, an activist hedge fund, where he covered investment ideas spanning several sectors including energy and industrials. Eric began his career as a business analyst at McKinsey & Company in their Silicon Valley office.

Eric holds a degree in Chemistry from Yale University and an MBA from the Wharton School of the University of Pennsylvania where he graduated as a Palmer Scholar. In his free time, Eric enjoys the combination of fresh air and healthy middle-aged competition by playing soccer and golfing during the summer and skiing in the winter.

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Emma Bell

Vice President

Emma is a Vice President at Activate, where she focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. She is a Board Observer at portfolio companies Tomorrow.io and PosiGen.

Prior to joining Activate, Emma was a Vice President at Sidewalk Infrastructure Partners (SIP), where she worked closely with portfolio companies and evaluated new technology-enabled infrastructure investments across the energy, mobility and circular economy sectors. Prior to joining SIP, Emma was an Investment Associate on JP Morgan’s Renewable Energy Investments team. Emma began her career at JP Morgan as an Investment Banking Analyst in their New York office.

Emma holds a degree in Operations Research Engineering and a minor in Applied Economics and Management from Cornell University. In her free time, Emma enjoys the outdoors, reading books on modern sociology and spending time with family in Chicago.

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Highlights

17,000 +

customers served to date

$600

average annual savings per customer in 2020