Standard Renewable Energy Announces $15 Million in Funding; Adds Three Members to Board

HOUSTON -- Standard Renewable Energy, a Houston-based provider of energy efficiency and renewable energy solutions, today announced it has received $7 million in Series B funding, adding to the $8 million it received less than 12 months ago in its Series A round. The Series B funding was led by The Quercus Trust of California, a private trust that has established itself as a leading strategic investor in both the renewable energy and clean energy technology sectors. In conjunction with its capital raise, Standard Renewable Energy is adding three new members to its Board of Directors: David Gelbaum, co-trustee of The Quercus Trust; Peter L.Corsell, President and CEO of GridPoint, Inc.; and J. Roderick Heller III, Chairman of GridPoint, Inc. and Chairman and CEO of Carnton Capital Associates, LP. Link.