Hartford Business Journal Special Editions

CT Green Guide Winter 2014

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16 CoNNECTICUT GREEN GUIDE • WinTer 2014 www.CTGreenGuide.com LocaTion: Avon TiTLE: Co-Founder coMPany: Clean Feet Investors I WEb: cleanfeetinvestors.com FounDED: october 2010 inFo: In the 1990s, Zahren started and ran a company in Avon called Zapco, dedicated to generating electricity from gas that comes out of landfills. Green Warrior: BERNARD ZAhREN PhoTo | Pablo robles Funding Clean Energy By Lindsey Klein B ernard Zahren raised $21 million from 87 investors with one goal in mind: ensuring his three daughters inherit an Earth worth having. Zahren — along with Jigar Shah, who founded solar installer SunEdison — cre- ated Clean Feet Investors I to provide funancing to renewable and conservation projects. "There is a need to help individuals invest in these sorts of projects," Zahren said. "I am concerned about the environ- ment my grandkids are inherit- ing. That's the reason I did it." Zahren and Shah worked together for seven months to develop the company that is now entering its fourth anniversary. One of CFI's partners — Washington, D.C. energy company Nextility — used the funds to install solar hot water at Washington University and George Washington University. Shah said even after found- ing SunEdison and later sus- tainability consultant Carbon War Room with Virgin Group Founder Richard Branson, investment funds like CFI are need to support conservation. "I founded the biggest solar panel company in the world," said Shah. "But my mom kept giving me money; she needed something to invest in." Green Fact: China, the European Union, the U.S., Brazil, and Canada produce the most energy using renewable resources. sourCe: naTional GeoGraPhiC

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