February 27, 2013

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Terawatt Receives Investment from Sorenson Capital

Press Release

February 27, 2013

Solar energy company Terawatt, Inc. has received an initial investment from Sorenson Capital Partners. The companies hope the funding will enable Terawatt to become a leader in the U.S. residential solar market.

"The United States has the potential to become a world leader in solar energy,” said Richard Keiser, Terawatt’s co-founder and CEO. “Terawatt is committed to bringing clean, affordable solar energy to all Americans. We are excited to have a world class partner like Sorenson Capital to help us achieve this goal.”

"We believe Terawatt has a compelling vision for penetrating the U.S. residential solar market,” said Ron Mika, co-founder and Managing Director of Sorenson Capital. “We are fully committed to supporting Terawatt to help ensure their success, and are confident that our investment and partnership with the team will accelerate the company’s execution of their vision."

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