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FreshTracks Capital II, L.P. (“FreshTracks”), a Middlebury-based venture capital fund with a primary interest in Vermont investments, announced that it has invested alongside Village Ventures in the Series A financing of NativeEnergy, a Charlotte, Vermont -based marketer of renewable energy credits (RECs) and carbon offsets.
Native American majority-owned, NativeEnergy is a national marketer of renewable energy credits (RECs) and high quality carbon offsets, offering individuals and organizations a means to compensate for their global warming pollution, or to offset their individual or organizational carbon footprint. NativeEnergy’s unique business process brings upfront payment to renewable projects for their conservatively estimated future REC or offset output, enabling its customers to help finance the construction of new wind farms and other new renewable energy projects, such as Native American and Native Alaskan wind farms, and wind turbines and methane digesters on family dairy farms, which directly reduce reliance on fossil fuels to meet the nation’s electricity needs.