Blumenthal & Ganim Honor Michael Licamele
November 5, 2016
Senator Richard Blumenthal (D-CT) honored Sun Fund's president, Michal Licamele, for his work in renewable energy and affordable housing.
Sun Fund
Solar Energy – Vertically Integrated
Small OPO
Milford, CT
Technology
Accepting International Investment
Pre-ICO Open to All Investors
Get Stock Plus Cryptocurrency SAFT
Your $100 investment = 10 shares + the SAFT
Sun Fund is a vertically integrated renewable energy company that develops and owns profitable solar projects. Our projects generate predictable, long-term cash flows. We target an annual 6% dividend on our preferred shares.
All investors participating in this offer receive both preferred equity shares and an additional Simple Agreement for Future Tokens (SAFT).
Sun Fund is a real-world company building revenue generating renewable energy assets that is also developing an Ethereum-based blockchain currency platform. With the ability to implement smart contracts on a distributed ledger, the Sun Fund token will bring liquidity and a store of value for renewable energy assets while also helping to disintermediate global financial and energy markets.
As far as we know, we are more profitable than other renewable energy companies because we focus on the small and medium-scale commercial and industrial solar markets that have better margins and incentives. For example, larger solar companies will construct a 20 megawatt solar plant and only get paid five or six cents per kilowatt of electricity generated. Our projects are much smaller, but generate anywhere from 14 to 25 cents per kilowatt.
We have a pipeline of over 55 megawatts of projects so we plan to put your investment dollars to work generating revenue right away.
Sun Fund is also bringing renewable energy to Bitcoin and other coin mining operations to help make coin mining environmentally sustainable.
Before crowdfunding, companies like Sun Fund could only work with private investors. Now these investments are available to everyone.
We are inspired by the Toms Shoes One-to-One model but we are taking that further with our 250 to 1 model. We will bring electricity to 250 families in the developing world who currently do not have electricity for every one megawatt of solar that we install in the United States.
Investment
$10/share of Series Seed Preferred Stock plus an additional SAFT (Simple Agreement for Future Tokens) for utility tokens issued by the company at the price sold in our anticipated ICO (Initial Coin Offering).
When you invest you are betting the company’s future value will exceed $51.07 million.
Future Utility Tokens
In connection with the purchase of the shares, Purchasers shall receive from the Company, if and when the Company has a future token generation event:
- Investors will receive a number of tokens equal to the value of the investment amount. These tokens are separate from and in addition to the Series Seed Preferred Stock that the purchaser will own in addition to the tokens. For example, an investment of $1,000 will entitle the investor to both their original $1,000 in Series Seed Preferred Stock and an additional $1,000 worth of tokens in accordance with the terms of the future token generation event.
The tokens will vest and be delivered approximately 120 days after the official launch of the token generation event. The Company currently does not have a distributed ledger based business model nor a blockchain based utility token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items. There is no guarantee that successful development will ever occur. The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
Description of Future Utility Tokens. The Company is including as part of this Offering the right to receive future utility tokens when and if the Company creates a business model and network based upon blockchain and distributed ledger technology. The utility tokens may be used within the network to purchase coin cloud mining contracts as well as energy credits or kilowatts produced by projects owned by the Company. The tokens may also be exchangeable upon crypto exchanges. The Company does not have expertise in this area and has no immediate plans to create a distributed ledger technology offering. Therefore, the rights offered and issued in connection with this offering are contingent upon the development of such technology. Investors in this offering should not plan on receiving such tokens and should not include any such future utility tokens as part of their investment decision. Any future utility token shall only have a use within a developed ecosystem and shall not be considered debt or equity in the Company.
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We are Sun Fund. Welcome to Solar 2.0.
Our Accomplishments
The Sun Fund management team has successfully developed over $70 million worth of projects since entering the solar sector in 2014. They have a proven track record in project development, financing, engineering, procurement and construction of solar projects.
Our experienced team leaders remain committed to promoting Sun Fund’s vision – the rapid deployment of solar energy in the United States and a strong commitment to helping families in the developing world gain access to clean, renewable energy.
Why Invest in Sun Fund? We Offer Socially Responsible Investing (SRI) with Robust Annual Dividend Payments
- Sun Fund builds and owns solar projects using proven technology and keeps giving back to investors and the world.
- Your investment in Sun Fund offers stable annual returns and is low risk.
- Our experienced team has succeeded with a solar investment model that works for the investor.
- Your investment in Sun Fund earns income primarily from long-term contracts with very stable electric utility companies.
- Our experienced team leaders remain committed to promoting Sun Fund’s vision – the rapid deployment of solar energy in the United States and a strong commitment to helping families in the developing world gain access to clean, renewable energy.
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Sun Fund targets the most profitable segments of the American solar market
Check out some projects the Sun Fund team has built...
Join the new American energy revolution!
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We believe Sun Fund is positioned better than competitors to succeed in our target market segments.
We built a proven solar business model that is Solar 2.0. Our team’s efficiency has a track record of success in solar development, finance, project management and the operation of solar assets.
In the NorthEast region, Sun Fund invests in community solar and small utility-scale solar projects, as well as solar for affordable housing, commercial and industrial properties. These market segments are the most profitable areas of solar investment.
Focus on Industrial Solar Projects
Efficient Engineering
Solar Installation Expertise
Affordable Housing Experience
Sun Fund originates, develops, finances, builds, operates and owns solar projects in US markets. Your investment in Sun Fund is an investment in stable annual returns and lower risk. Sun Fund builds and operates solar projects using proven technologies.
Investing in Sun Fund is the smart choice for your renewable investment dollar. Our experienced management team is executing a proven business model centered on building renewable energy assets with long-term power purchase agreements. We internalize solar tax credits and depreciation, which reduces our corporate tax liabilities and supports higher dividend payments for investors.
The Sun Fund team has over 55 megawatts of solar projects currently under development, with 1.5 megawatts of projects coming online in 2017, Sun Fund is positioned to quickly scale up and build market share while maintaining high net operating income through a vertically-integrated business model.
Why Sun Fund's Model is Best in Class
- We are vertically integrated, which improves profitability.
- We originate our own projects, which reduces costs.
- We have expertise in solar finance and tax equity structuring.
- We are experts in solar debt financing.
- Our project managers are highly efficient.
- Our solar portfolio will grow each year - and that means value creation for investors.
- Future upside from planned IPO.
- Crowdfunding will drive Fintech value.
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Focusing on the most profitable segments of the American solar market.
As the US solar market continues to grow, Sun Fund’s investors will benefit from lowering costs for projects and increasing demand for electricity. Your Sun Fund investment will be deployed into projects mainly in the Northeastern United States where electricity costs are higher. That means better returns for Sun Fund investors. In the Northeast region, Sun Fund invests in community solar and small utility-scale solar projects, as well as solar for affordable housing, commercial and industrial properties. These market segments are the most profitable areas of solar investment.
Vertical Integration & Profitable Market Segments
Sun Fund is aggressively efficient, finding savings in all phases of the project and throughout the entire solar project life cycle. We’ve proven our business model and management team in millions in projects already. We have 55 megawatts of projects ready to build with your investment, in the most profitable solar markets in the country. And we internalize solar tax credits and depreciation, which shields corporate net income and supports higher dividend payments.
Earn 6% - Fight Climate Change - Bring Solar to People in Need
Your investment in Sun Fund will provide you with an attractive and stable dividend while you help America and the world fight climate change.
We are inspired by the Toms Shoes One-to-One model but we are looking to take that further with our 250 to 1 model. We will bring electricity to 250 families in the developing world who currently do not have electricity for every one megawatt of solar that we install in the United States.
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Best In Class Vertical Integration Model
In the Press
Benefitting from Higher Energy Costs
May 15, 2015
Profile of a 600 kilowatt installation by the Sun Fund team.
Upping the Wattage
May 7, 2017
Article quoting founder Michael Licamele whose team is one of four bidders offering to bring community solar power to Connecticut through a Shared Clean Energy Pilot Program.
Offering Summary
Maximum 107,000 shares of series seed preferred stock & SAFT ($1,070,000)
Minimum 1,000 shares of series seed preferred stock & SAFT ($10,000)
| Company | Sun Fund Renewables, Inc. |
| | |
| Corporate Address | 185 Plains Road, Suite 100E, Milford, CT 06461 |
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| Description of Business | Sun Fund develops, constructs, owns and operates solar power systems. |
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| Type of Security Offered | Series Seed Preferred Stock (convertible to common with cumulative 6% preferred return) & Simple Agreement for Future Tokens (SAFT) |
| | |
| Purchase Price of Security Offered | $10 per share (and equal value of future utility tokens) |
| | |
| Minimum Investment Amount (per investor) | $100 |
Future Utility Tokens
In connection with the purchase of the shares, Purchasers shall receive from the Company, if and when the Company has a future token generation event:
- Investors will receive a number of tokens equal to the value of the investment amount. For example, an investment of $1,000 will entitle the investor to $1,000 worth of tokens in accordance with the terms of the future token generation event.
The tokens will vest and be delivered approximately 120 days after the official launch of the token generation event. The Company currently does not have a distributed ledger based business model nor a blockchain based utility token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items. There is no guarantee that successful development will ever occur.
The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
Description of Future Utility Tokens. The Company is including as part of this Offering the right to receive future utility tokens when and if the Company creates a business model and network based upon blockchain and distributed ledger technology. The utility tokens may be used within the network to purchase energy credits and kilowatts produced by projects owned by the Company. The tokens may also be exchangeable upon crypto exchanges. The Company does not have expertise in this area and has no immediate plans to create a distributed ledger technology offering. Therefore, the rights offered and issued in connection with this offering are contingent upon the development of such technology. Investors in this offering should not plan on receiving such tokens and should not include any such future utility tokens as part of their investment decision. Any future utility token shall only have a use within a developed ecosystem and shall not be considered debt or equity in the Company.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments made to companies affiliates of issuer; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$104.00
USD
$0.00
USD
Cash And Cash Equivalents
$104.00
USD
$0.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$3,074.00
USD
$0.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Notice of Material Change in Offering
28 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Sun Fund offering. Here's an excerpt describing the specifics of the change:
Sun Fund is extending their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Sun Fund View on Renewable Energy and Blockchain Technology - July 2018 Update
3 months agoFirst, thanks again to our first 257 Sun Fund investors! If you are one of the over 700 Sun Fund followers on Start Engine who have not invested yet, we invite you to take a closer look at Sun Fund and consider investing today. We hope you find this update helpful.
The first six months of 2018 saw a major boom and bust in blockchain cryptocurrencies, with hundreds of once highly-promoted coins and tokens falling to fractions of a penny and investors losing billions. What happened? In our view, hundreds of coins and tokens were issued by unregulated entities - many without even a physical address - and investors paid the price for this lack of transparency. While several key digital currencies such as Bitcoin and Ethereum survive, the majority of coins and tokens issued in the last 12 months are nearly worthless and will most likely never recover.
This early-stage boom and bust cycle for blockchain technology is very similar to the early days of the Internet. Investors poured billions of dollars into just about any company with "dot com" in its name, only to find out that there was no viable business model behind the web site domain name. But just as the underlying technology of the Internet brought major technological change in the last twenty years, so will blockchain technologies fundamentally change most business and industry over the next twenty years.
Now that the initial hype of blockchain technology and digital currencies is over, we believe that solid companies with real technology and solid business models will begin this blockchain technology transformation. Sun Fund is looking to bring the benefits of blockchain technology to the renewable energy industry with a profitable business model for the long term.
Sun Fund will continue to build solar PV projects with long-term revenue contracts while also building a blockchain-based digital currency backed by these assets. Our goal is to launch this digital currency as a regulated token tradable on US exchanges in the fall of 2018. Investors in our current offering will automatically receive these tokens as part of that launch.
Today, regulation of digital tokens and currencies is limited by the existing antiquated regulatory structure. At times, a digital token or coin is simultaneously a currency, commodity and a security all at the same time. The problem is that there are different departments with different sets of regulation for each category. Over time we believe that new regulations will be developed to give blockchain technologies the freedom to develop while at the same time providing protections for holders of these cryptocurrencies. We look forward to working closely with regulators to help develop this framework.
Thanks again to our existing investors and we invite our followers to join us as investors.
- The Sun Fund Team
Notice of Material Change in Offering
3 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Sun Fund offering. Here's an excerpt describing the specifics of the change:
Sun Fund has extended their campaign for 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Funds Disbursement
4 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Sun Fund has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Sun Fund be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Sun Fund Vice President on Blockchain Weekly
4 months agoSun Fund Vice President Scott Licamele discusses Sun Fund's blockchain technology strategy on Blockchain Weekly with over 8,000 viewers this past week at:
(The interview starts at 12:00 minutes in)
Thanks.
The Sun Fund Team
Amending our Securities Offering
5 months agoHello! Recently, a change was made to the Sun Fund offering. Here's an excerpt describing the specifics of that change:
Sun Fund Renewables Inc. has extended their campaign and updated their financials.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Sun Fund Completing Three Multi-Family Solar PV Projects to Add to Portfolio
5 months agoSun Fund is pleased to announce that we are adding three solar PV projects to our growing solar asset portfolio.
The new projects located in Connecticut include a 9 kilowatt system in Bridgeport, a 12.6 kilowatt system in Hamden and a 5.7 kilowatt system in West Haven.
Combined, these projects will generate over 34,000 kilowatt hours of clean energy per year, sequestering carbon equivalent to 29.8 acres of US forest (see graphic below).
The tenants will also see their electric bills reduced by over 20% per year.
The projects are nearing completion and are expected to be commissioned and operating in May.
Thanks again to all our Sun Fund investors who are help making these projects happen.
- The Sun Fund Team
Amending our Securities Offering
5 months agoHello! Recently, a change was made to the Sun Fund offering. Here's an excerpt describing the specifics of that change:
Sun Fund Renewables, Inc is extending their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Sun Fund To Extend Campaign After Reaching 200 Investors Today
5 months agoSun Fund is excited to announce that our 200th investor has joined our growing Sun Fund investment community.
We are also extending our campaign by 60 days to give our 561 followers an additional opportunity to invest with Sun Fund and use investment dollars to fight climate change.
Thank you to all of our investors.
- The Sun Fund Team
Sun Fund Expands to Washington, DC
6 months agoSun Fund is pleased to announce that the company is expanding operations to the District of Columbia. With the revenue that Sun Fund will receive under a guaranteed renewable energy credit program offered by the local utility there, Sun Fund is able to offer District residents and businesses free solar power for 15 years.
Sun Fund has signed up its first seven customers and will be completing installations in April and May.
Sun Fund is marketing to DC residents and businesses. For more information see our Facebook page at:
https://www.facebook.com/DCSolarOffer/
Thank you again to all of our investors for helping DC and other areas go green!
- The Sun Fund Team
Notice of Funds Disbursement
6 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Sun Fund has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Sun Fund be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Sun Fund Fights Climate Change with Blockchain Technology
6 months agoSun Fund is pleased to announce that we will be working with SolarCoin (www.solarcoin.org) to develop Internet-of-Things (IoT) connectivity for solar inverters. Sun Fund is actively developing this technology that will connect solar projects with our blockchain Producer-to-Investor (PIP) platform.
By creating these connections, the Sun Fund blockchain platform will seamlessly monitor the performance of solar assets that will back the value of Sun Fund's token the Sunny. This data will be transparently and immutably recorded on our blockchain, facilitating real-time asset valuation. Investors on our PIP platform will be able to efficiently value solar assets using real-time data on our public ledger.
Sun Fund and SolarCoin plan to work together to create an open-source IoT environment for use by the entire industry.
This connectivity will also accurately record the contribution of each solar installation in reducing reducing greenhouse gas emissions, allowing investors to quantify and track their personal role in the fight against climate change.
- The Sun Fund Team
Sun Fund Investor Update – March 2, 2018
7 months agoThe Sun Fund team would like to invite our 442 followers to post your comments and questions so that we can help you learn more about Sun Fund at https://www.startengine.com/sun-fund-dc. We have already answered over two dozen questions and we look forward to hearing from you.
We would also like to thank the 145 investors from 42 states who have joined the Sun Fund community.
As we enter March, Sun Fund continues to build a quickly growing pipeline of solar projects. In addition to the community solar project announced in our earlier update, Sun Fund is pleased to announce that we have recently signed an agreement to build a seven megawatt community solar facility in Ashfield, Massachusetts. This $20 million project will become one of the major solar assets in the Sun Fund portfolio that will generate revenue for Sun Fund and its investors over a contracted 20 year period.
We always love to hear from our investors and followers. Please post your comments or email us directly at contact@sun.fund.
The Sun Fund Team
Video Link to Blockchain NYC Panel on Asset-Backed Tokens and Blockchain Technology
7 months agoHere is the video link of our panel and audience Q & A from our 2/16/18 event:
https://m.youtube.com/watch?v=Xxw-6h2Wx00
Please feel free to connect with us for any questions you may have.
We are excited to be helping to lead in the development of regulated asset-backed tokens and cryptocurrencies with blockchain technology.
- The Sun Fund Team
Great Event with Blockchain NYC Friday Evening - Video to Follow
7 months agoCEO Michael Licamele and Vice President Scott Licamele joined two other speakers on a panel in Manhattan on Friday to discuss asset-backed tokens and blockchain technology.
The event was hosted Blockchain NYC. Photos from the event are at: https://www.meetup.com/BlockchainNYC/events/247535113/ and we will be posting the video link shortly.
Sun Fund was asked to participate in the event because the company is establishing a strong competitive position as a leader in developing an asset-backed cryptocurrency token backed by renewable energy generation systems. In addition to reviewing blockchain technologies, the panel discussed legal and regulatory issues involving issuing tokens and current efforts to establish trading platforms in the coming months for tokens such as those being issued by Sun Fund.
Over 200 people attended and went through 50 large pizzas!
Our next update will be the link to the video.
- The Sun Fund team
Sun Fund CEO Appears on ICOInvestor.tv at Crypto Mondays NYC
8 months agoSun Fund CEO Michael Licamele provided the intro for Crypto Mondays NYC on January 22, 2018 and answered questions about ICOs and SEC regulations (he appears at 4:45 after doing the introduction).
You can see the video at:
https://sunfund.io/index.php/2018/02/08/sun-fund-ceo-icoinvestor-tv/
We are excited to be part of the rapidly expanding blockchain community as this new technology is rapidly expanding across all industries.
Co-Founders Share Their Vision for Sun Fund (Video Link)
8 months agoMeet the co-founders of Sun Fund in this video as they discuss the tokenization of the renewable energy sector, the Sun Fund asset backed currency and the Sun Fund peer-to-peer blockchain producer to investor platform.
http://sunfund.io/index.php/2018/01/29/michael-scott-licamele-sun-fund-pre-ico/
We'd love to hear from you.
Please post your questions in the comments section and we look forward to answering them in upcoming videos.
Notice of Funds Disbursement
8 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Sun Fund has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Sun Fund be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Sun Fund Selects Project as First Solar Asset to Back Cryptocurrency
8 months agoSun Fund has selected a 23.75 kilowatt project in Bridgeport, Connecticut as the first solar project to become part of Sun Fund's solar assets backing its new cryptocurrency. The project, which will provide over 28,000 kilowatt hours per year for this senior housing complex, will be turned on in February and will eliminate over 16 tons of carbon from the atmosphere each year.
Sun Fund is creating the first cryptocurrency that is backed by revenue generating solar assets (see full details in our offering statement about our Simple Agreement for Future Tokens which all investors in Sun Fund receive as part of their investment). This project will generate revenue from both a 20 year power purchase agreement and a 15 year renewable energy contract and those revenues will be reinvested to increase the value of the Sun Fund token over time.
Sun Fund Releases White Paper on Digital Currency and Blockchain Technology Solutions
8 months agoWe are pleased to announce the release of our whitepaper detailing our the road map for the release of our digital currency and blockchain technology solution. We believe that this technology will help us best reach our solar energy goals.
Please download the Sun Fund whitepaper here or go to our web site at www.SunFund.io/index.php/white-paper.
We appreciate your feedback and comments.
Thank you.
Michael Licamele
CEO
Amending our Securities Offering
9 months agoHello! Recently, a change was made to the Sun Fund offering. Here's an excerpt describing the specifics of that change:
Extending campaign by 60 days
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Updated: Meet the Sun Fund team in Fairfield, Connecticut on Thursday, December 21 at 7pm
10 months ago*UPDATE*: Reminder there is still room to attend our seminar tomorrow - we have 25 people already signed up to attend and we are looking forward to a great turnout and event. For those who cannot make it, we will post the video after the event. *UPDATE*
Meet Sun Fund CEO Michael Licamele and Senior Vice President Scott Licamele in person at 7pm Thursday, December 21 at:
Fairfield Public Library
1080 Old Post Road
Fairfield, CT 06824
http://fairfieldpubliclibrary.org/
We will provide an overview of what is happening with bitcoin, cryptocurrency, ICOs and blockchain technology to help investors better understand this new technology.
We will be also be speaking briefly about the planned roll out of our digital currency and we will be available for questions afterward.
The event is free.
We had a great turnout of over 40 people at our New York presentation last week and look forward to another informative event.
The Sun Fund Team on Site at 74kw Solar Facility in Milford, Connecticut
10 months agoSun Fund works with affordable housing providers like HUD's Milford Housing Authority in Milford, Connecticut to bring renewable energy at a 30% savings to current grid costs. See Sun Fund vice-president Scott Licamele on site:
https://www.youtube.com/watch?v=EkKIT5yFZSM
Meet the Sun Fund team in New York City Thursday, December 7 at 7pm
10 months agoMeet Sun Fund CEO Michael Licamele and Senior Vice President Scott Licamele in person at "Blockchain and Bitcoin Explained" with Tristan Thoma 7pm Thursday, December 7 at:
WeWork
575 5th Avenue
New York, NY 10016
We will be speaking briefly about the planned roll out of our digital currency and we will be available for questions afterward.
See web site for details and to register:
https://www.eventbrite.com/e/blockchain-bitcoin-explained-in-depth-tickets-39836957412
Tickets are $50, but Sun Fund will reimburse the cost for any investors or followers who would like to attend, because we would like to meet our backers!
Sun Fund Obtains Final CT PURA Approval to Develop 2.4 Megawatt Connecticut Community Solar Facility
10 months agoSun Fund is pleased to announce that the company has received final approval to develop, build, own and operate a 2.4 megawatt community solar facility to be located in Thompson, Connecticut. The project was one of three selected by the Connecticut Department of Energy and Environmental Protection (DEEP) in a competitive bid earlier this year. The project obtained final approval from the Connecticut Public Utility Regulatory Authority (PURA) on November 8, 2017 (see link below).
Sun Fund created a separate entity CHIP Fund 5, LLC to place the bid that was selected for the project which is called the Riverside Thompson Clean Energy Facility. This 2.4 megawatt solar facility will generate over 2.8 megawatts of AC power annually. Under the award, Sun Fund will be able to provide up to 600 families with clean energy while cutting their monthly bill by 20 to 30%. 80% of system production will be dedicated to low income renters who need these savings the most.
Sun Fund will operate the program under a special tariff created by the utilities specifically for this pilot program. The 20 year tariff establishes a guaranteed rate the utilities will provide to the new Sun Fund facility. The facility is projected to be placed into service in 2018 and will generate over $4.2 million in revenues during the 20 year tariff term.
To view the final PURA Sun Fund/CHIP Fund 5 approval, click here.
Day 8 Update - Thank you!
10 months agoThank you to our first group of investors who brought us right through our minimum offering threshold over the Thanksgiving weekend.
We look forward to announcing Sun Fund's first solar project later this week.
Michael Licamele
CEO
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