# Tuusso Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tuusso-energy

- Industry: Renewable Energy
- Headquarters: Seattle, US
- Website: www.tuusso.com
- Total disclosed funding: $2M
- Latest round: Series A (Aug 24, 2009)
- Investors on record: 2

## About

Tuusso Energy is focused on the development and management of utility-scale solar plants, emphasizing mid-sized projects that utilize existing transmission networks for sustainable energy generation.Founded by Owen Hurd and Vivek Nayak, Tuusso Energy operates out of Seattle, US. The company specializes in solar energy projects and has undergone strategic shifts to better align with market demands. In 2012, Tuusso secured a Series A funding round led by Pivotal Investments, raising a total of USD 2.000 mn. Previous investors included Akula Energy Ventures, which sold its stake in October 2012.Tuusso Energy specializes in developing utility-scale solar plants, concentrating on mid-sized projects that fit within existing transmission infrastructure. Their comprehensive services encompass site selection, project management, and collaboration with public utilities, enabling economically viable and environmentally responsible solar energy generation. By focusing on previously disturbed sites, Tuusso minimizes environmental impact while adhering to local land use policies. Their clients primarily consist of public utilities, municipalities, and corporations aiming for sustainable energy solutions across various U.S. markets, including California, Texas, and the Northeast.Tuusso Energy generates revenue through diverse contracting options tailored to the needs of its clientele, including utilities, municipalities, and corporate customers. Their revenue model heavily relies on partnerships and project contracts, facilitating a collaborative approach to energy pricing and project ownership. Long-term agreements with utility partners enable them to harness solar energy while reducing dependence on traditional energy sources. Pricing structures are customized to meet the requirements of each project, positioning Tuusso competitively in the energy market by focusing on achieving the lowest levelized cost of energy.Tuusso Energy aims to expand its market presence by launching new solar energy projects designed for specific regional requirements. Recent funding from the Series A round will support the development of new products and facilitate entry into additional markets. While exact timelines for these expansions are not disclosed, the company is focused on increasing its footprint in strategic regions across the U.S. to enhance its service offerings and meet growing energy demands.

## Funding rounds

- Series A, Aug 24, 2009, $2M — Pivotal Investments, Akula Energy Ventures

## Investors

- Pivotal Investments (https://capitalatlas.ai/funds/pivotal-investments) — Series A
- Akula Energy Ventures (https://capitalatlas.ai/funds/akula-energy-ventures) — Series A