Renewable Funding Announces Close of $12.2 Million Series A Financing

Investment by NGEN, Draper Fisher Jurvetson, and Others Supports Rollout of
Property Assessed Clean Energy (PACE) Programs Nationally
OAKLAND, Calif.--(Business Wire)--
Renewable Funding, the nation`s leading financier of Property Assessed Clean
Energy (PACE) programs, today announced the close of a $12.2 million Series A
round of financing. The investment was led by NGEN Partners LLC and Draper
Fisher Jurvetson. Other investors included New Cycle Capital, a San Francisco
based venture fund focused on businesses that can change the world, and the
Wilson Sonsini law firm, which also serves as counsel to the company.

The infusion of capital will accelerate Renewable Funding`s expansion of PACE
financing programs throughout the United States. PACE allows private property
owners to pay for energy efficiency and renewable energy projects through an
addition to their property tax bill. Over the past twelve months, legislation
enabling PACE programs has been adopted in 14 states. Renewable Funding
developed the PACE model with the City of Berkeley, and is now working with
cities, counties and states around the country in the development,
administration, and financing of these programs.

"Renewable Funding developed the PACE financing model to address climate change
and help families and businesses save money," said Cisco DeVries, President of
Renewable Funding. "With this infusion of capital, we have additional resources
to accelerate the rollout of clean energy funding programs and respond to the
growing demand for PACE financing."

The funding comes on the heels of an announcement by Vice President Biden that
PACE programs will be a key component of the nation`s "Recovery Through
Retrofit" effort to reduce greenhouse gas emissions and provide an engine for
green job growth. The Clinton Global Initiative recently called for a rapid
expansion of PACE programs to 50 municipalities around the country.

About Renewable Funding (www.renewfund.com)

Renewable Funding is the nation's leader in providing financing and
administration for property assessed solar and energy efficiency improvements. A
UC Berkeley study published earlier this year in Environment Magazine found the
potential for $280 billion in financing for PACE-type programs and reduction of
up to a gigaton of greenhouse gas emissions as PACE programs expand nationally.

About NGEN (www.ngenpartners.com)

NGEN Partners LLC provides enterprising capital for clean technology companies.
Founded in 2001, NGEN is a pioneering investor in the cleantech sector,
investing in companies that offer products and services that positively affect
the environment. NGEN has deep expertise in alternative energy, energy
efficiency, pollution abatement and green resources.

About Draper Fisher Jurvetson (www.dfj.com)

Draper Fisher Jurvetson ("DFJ") backs extraordinary entrepreneurs who set out to
change the world. DFJ achieves its mission through the DFJ Global Network of
Partner Funds, managing over $6 Billion on four continents. Over the past twenty
years, DFJ and its Network have invested in more than 500 companies.

for Renewable Funding
Sev Williams
w. 510-336-9566
c. 415-336-9623
sev@sevwilliams.com

Copyright Business Wire 2009