Plural Energy Secures $2.33M Funding to Lead On-chain Investing in Renewable Energy Projects, Announces Solaris as Initial Investment Opportunity

Plural Energy Secures $2.33M Funding to Lead On-chain Investing in Renewable Energy Projects, Announces Solaris as Initial Investment Opportunity

Plural Energy Secures $2.33M in Funding, Aims to Accelerate Renewable Energy Investments

Plural Energy, an on-chain investing platform focusing on the global transition to clean energy, has announced its plans to issue tokenized assets for small to mid-sized investments. The goal is to allow anyone to participate in accelerating the global clean energy transition.

Plural Energy has raised $2.33 million in pre-seed funding led by Necessary Ventures and Compound, with participation from Volt Capital and Maven11. The company’s first tokenized investment asset to go live will be a portfolio of solar projects developed by Solaris Energy, planned for release later this summer.

By using its blockchain-powered platform to tokenize clean energy assets, Plural aims to introduce a high-impact asset class to a broader and diverse range of investors. This includes those operating both in and outside of traditional financial institutions.

According to a report by the IEA, an additional $4 trillion needs to be invested into clean energy by 2030 to reach global climate goals. Plural’s strategy aims to help close this funding gap by allowing investors direct access to renewable energy investments.

First Investment Offering: Solaris

Soon, Plural users can invest in a portfolio of operational solar farms across the U.S. developed by Solaris. Investors will accrue dividends whenever the sun shines through Plural’s blockchain-powered smart contract infrastructure.

“Fundraising is challenging in this environment, especially for smaller-scale renewable energy projects. Working with Plural, we see a path towards the democratization of solar finance where anyone can become a part of the revolution that is greening the energy sector,” said Alex Blackmer, CEO & Co-Owner of Solaris.

Plural: Bringing Clean Energy Investing to the Masses

Plural’s user-friendly blockchain investing platform makes investing in renewable energy approachable for every type of investor. The platform offers:

  • Top renewable energy partners. Plural works with reputable renewable energy developers and CleanTech companies globally, increasing direct climate impact and yield.
  • Diverse, impactful assets. Plural focuses on assets for projects under $100M, often overlooked by infrastructure investors despite their vital role in transitioning the power grid.
  • Regulatory compliance. Plural is a registered transfer agent and works directly with SEC-registered broker-dealers, KYC providers, Anti-Money Laundering (AML) Technology, and more to ensure compliance for US investors. Blockchain-powered smart contracts create a transparent ledger of secure, low-cost transactions aligned with SEC rules and regulations.

“Plural is effectively accelerating the infrastructure needed for a brighter future by democratizing this asset class. Anyone can now invest in green energy, track the financials and production data for the projects they invest in, and sell their investments at any time,” said Neil Devani, Founder and Managing Partner at Necessary Ventures.

Blockchain: Making Investing More Efficient and Profitable

Plural partners with renewable energy companies to create security tokens that can be purchased via blockchain-powered smart contracts. This reduces the logistical friction often deterring investors from funding distributed energy projects. The platform automates complicated fund flows, tokenizes and securitizes projects for high-speed, low-cost transactions, and requires fewer financial intermediaries. This results in savings on transaction fees and management fees, delivering additional yield to investors and a lower cost of capital to renewable energy companies.

Plural’s Rapid Growth and Interest

Founded in 2023, Plural has already attracted the support of renewable energy veterans, expanded its team, and cultivated an impressive waitlist of over 40,000 investors for the company’s first on-chain asset launch.

Learn more about Solaris’s portfolio offering on Plural here.

About Plural Energy

Plural Energy is powering the clean energy transition by enabling everyone, from fund and asset managers to alternative retail investors to retirement savers, to invest directly in the clean energy transition. Plural’s user-friendly blockchain platform simplifies green energy financing, expands access to a profitable asset class, and helps close the $4 trillion financing gap needed to meet 2030 climate goals. Learn more at www.plural.xyz.

Original Story at www.morningstar.com

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Mississippi River Faces Persistent Saltwater Intrusion, Region Seeks Long-Term Solutions



For the third consecutive year, the Mississippi River is experiencing significant saltwater intrusion, prompting local communities and environmental experts to search for sustainable solutions. This recurring issue arises as the river’s flow decreases, allowing saltwater to move upstream and threaten drinking water supplies. The U.S. Army Corps of Engineers is actively involved in addressing this problem, employing temporary measures like saltwater barriers to mitigate the impact on affected areas.



Saltwater infiltration poses serious risks to public health and agriculture, as freshwater sources become compromised. The situation is exacerbated by prolonged periods of drought, which have reduced freshwater flow in the Mississippi River. According to the National Weather Service, drought conditions have worsened due to climate change, increasing the frequency and severity of saltwater intrusion events.



Local authorities are collaborating with federal agencies to explore permanent solutions. Among the proposed strategies are enhanced levee systems and improved water management techniques. The U.S. Army Corps of Engineers is evaluating the feasibility of long-term infrastructure projects to prevent further saltwater encroachment. Additionally, community leaders are advocating for increased funding to support these initiatives and safeguard the region’s water resources.



The impact of saltwater intrusion extends beyond drinking water concerns, affecting local ecosystems and agricultural productivity. Farmers in the region have reported crop damage due to elevated salinity levels in irrigation water. The Natural Resources Conservation Service is working with farmers to implement adaptive practices, such as planting salt-tolerant crops and improving soil management techniques.



As the Mississippi River continues to face challenges from saltwater intrusion, stakeholders emphasize the importance of collaborative efforts and innovative solutions. The ongoing threat underscores the need for comprehensive planning and investment to protect one of America’s most vital waterways from the impacts of climate change and environmental stressors.



Environmental activists have raised concerns over the fossil fuel sector’s significant impact on COP29, the latest United Nations Climate Change Conference. Activists argue that the industry’s presence diverts focus from critical climate actions.



The conference, designed to promote global climate agreements, faces criticism for allowing fossil fuel companies to participate extensively. Environmental groups claim these companies undermine efforts to reduce carbon emissions and transition to renewable energy sources.



According to Climate Action Network, fossil fuel representatives have increased their lobbying activities, aiming to weaken climate policies. These industries allegedly influence negotiations, leading to watered-down commitments that fail to address the urgency of climate change effectively.



Experts suggest that the influence of these companies stems from financial contributions and longstanding relationships with decision-makers. Critics argue that this affects the conference’s ability to enforce meaningful climate change regulations.



During the event, several protests highlighted the need for transparency and a stronger focus on sustainable energy solutions. Activists are calling for increased participation of renewable energy stakeholders in future conferences.



The controversy surrounding fossil fuel involvement at COP29 underscores the ongoing challenge of balancing industrial interests with the global imperative to combat climate change.