| San Mateo, CA, September 6, 2007 – Tioga | | | | a check for a monthly electricity bill. |
| Energy, Inc., a renewable energy services provider | | | | "Nth Power’s experience and expertise is a |
| granting access to clean, commercial-grade power for | | | | powerful addition to our already top-tier clean energy |
| organizations and industry, has completed its initial | | | | investor group," said Tioga Energy’s CEO, Paul |
| funding round with participation from Nth Power, a | | | | Detering. "These investment dollars allow us to |
| leading venture capital company. The more than $4 | | | | accomplish our goal of accelerating and simplifying |
| million dollars contributed by that group brings the total | | | | solar for companies and organizations looking to lower |
| amount of first-round funding raised by Tioga Energy | | | | their energy costs and go renewable. We are working |
| to more than $14 million. | | | | to build a company the old fashioned way: hiring |
| Previous contributors to Tioga Energy’s A-round of | | | | tremendously talented people and helping our channel |
| funding included venture capital groups NGEN Partners, | | | | partners expand their market share by developing |
| Draper Fisher Jurvetson and Rockport Capital, with | | | | financially secure, reliable product offerings." |
| supporting finance sourced from DFJ Frontier and | | | | About Tioga Energy: |
| Kirlan Ventures. | | | | Tioga Energy accelerates access to clean energy by |
| "We are very excited to participate in the funding of | | | | owning and operating renewable energy facilities for |
| Tioga Energy," said Tim Woodward, a Managing | | | | commercial, government and non-profit organizations. |
| Director at Nth Power. "We see rapid growth in the | | | | With a Tioga Energy solar PPA (power purchase |
| PPA model to service the commercial and industrial | | | | agreement) customers eliminate up-front capital |
| customers for solar pv systems. Tioga’s | | | | investments and ongoing operational concerns. The |
| management team is world class in their ability to | | | | company partners with trusted industry experts to |
| execute on this opportunity and with a strong balance | | | | install and operate efficient and reliable systems. |
| sheet they should be able to grow fast and become | | | | Through deep, trusted relationships with solar industry |
| one of the leaders in the sector." | | | | partners, Tioga Energy provides simple, reliable, |
| Tioga Energy will use the full weight of the funding to | | | | low-cost and long-term access to clean energy |
| invest in renewable energy systems – with an initial | | | | options without the risk of up-front capital investments |
| focus on solar electricity services – and building out | | | | or the ongoing commitments of owning and operating |
| for the growing market needs, like providing | | | | an independent solar facility. |
| comprehensive renewable energy options for the | | | | About NGEN Partners: |
| market and building the channel partnerships to scale | | | | NGEN invests in companies that focus on clean and |
| for new business. | | | | sustainable technologies that are primarily enabled by |
| Tioga Energy’s power purchasing services are | | | | advances in materials science. The firm has deep |
| arranged to provide comprehensive management and | | | | domain expertise in this field with an established |
| support of solar electricity solutions, including the | | | | portfolio and track record in the areas of alternative |
| securing of solar financing, the partnering with top-tier | | | | energy, pollution abatement, solid state lighting, green |
| installers and integrators for constructing on-site solar | | | | buildings, and water. The firm targets early to mid |
| facilities, and the management and support required to | | | | stage companies where functional prototypes and |
| make clean energy as seamless and easy as writing | | | | customer interest validate product viability. |