New Orleans Solar Company Attracts $40 Million in Financing, Plans National Expansion

PosiGen has grown quickly, employing 165 workers and installing more than 4,000 systems total. It expanded to New York and Connecticut this year, adding to its offices in the New Orleans area, Baton Rouge, Houma and Shreveport. On Sept. 15, PosiGen announced more than $40 million in financing to help fund its expansion plans in Louisiana and nationwide.