$7 million Funding Round To Help Company Expand Into New Markets and Launch New Technology-Based Solutions
Washington, D.C. September 2, 2014 – Today, leading solar developer and financier Skyline Innovations announced the company has changed its name to Nextility, Inc. This change reflects the company’s expansion beyond its traditional solar hot water and electricity business. The company recently launched an energy brokerage line of business (Nextility Power and Gas), which utilizes innovative new technology to provide small businesses with a better way to buy and manage their energy. With the launch of this new business line and additional product and service offerings planned for the future, now is the right time to introduce a new brand platform that better reflects the company’s service offerings and goal of providing a comprehensive, yet simpler experience to lowering energy costs for businesses.
Accompanying this rebranding comes the announcement of a $7 million round of funding. The company will leverage this investment to expand services, improve technology and launch into new markets.
“Nextility is built on the premise that small businesses want lights, cold air, hot water for the lowest amount of money and time they can spend,” said Zach Axelrod, Nextility CEO. “With the launch of our second offering, we’ve rebranded the company to reflect our improved ability to help customers manage their energy spend while they run their businesses.”
The company’s new line of business, Nextility Power and Gas offers energy brokerage and procurement services primarily to small businesses in the third of the country where power and natural gas has been deregulated. Deregulation allows these customers to select their energy supplier. Although many business owners recognize the opportunity to save money by selecting a competitive supplier, many hesitate because they feel like they lack the time and expertise to evaluate the many potential suppliers and competing offers.
Nextility Power and Gas addresses this issue through the use of a technology-based solution that allows Nextility to automatically monitor and compare the customer’s current rate with what is available in the competitive marketplace. When competitive rates deliver the customer savings over their current rate, Nextility Power and Gas presents the lower rate to the customer. The customer is always in control and can be certain they are making a smart decision with their energy purchasing.
The technology that Nextility will use to provide an enhanced customer experience and lower energy rates for its energy brokerage customers is the same technology that helped Skyline Innovations become a leading provider of solar energy. Over the next year, Nextility will leverage the additional funding to aggressively expand its industry leading solar hot water and electricity service into new markets, including Delaware and New York, while maintaining its core focus on affordable and multifamily housing.
Since 2009, the company has completed nearly 200 commercial-scale solar energy projects. Nextility has offices in Washington, DC, Los Angeles, CA and Puerto Rico and has almost 50 employees. Inc. Magazine recently named the company as the 688th fastest growing company in America and one of the 10 fastest growing companies in Washington D.C.
For more information about the company’s brokerage services and its solar financing options, visit www.nextility.com.
For businesses of all types and sizes that want better energy rates, Nextility is a new type of energy company that uses advanced technology to ensure that businesses are getting the most out of their energy dollars – at no additional cost. The company is headquartered in Washington, DC, with offices in Los Angeles, San Diego, and Puerto Rico. For more information, visit www.nextility.com.
Ben Delman, 703-302-8389, email@example.com