by Mitch Kokai
Senior Political Analyst, John Locke Foundation
Billionaire Democratic donor Tom Steyer is listed as a “manager” of a green energy company that finances solar and energy efficiency projects, public records show.
Documents filed with secretaries of state in California and Texas name Steyer as a “manager” of Kilowatt Financial, LLC. Nevada records say he is a “managing member.” In Massachusetts, he is listed as a manager of Kilowatt Systems, LLC.
The documents reveal that Steyer is more involved than previously known in private green energy projects that could benefit financially from policies he has advanced as one of the country’s most active and deep-pocketed environmentalists.
Kilowatt Financial is headquartered in Minnesota, incorporated in Delaware, and finances renewable energy and energy efficiency products through a host of subsidiaries operating around the country.
“We were created to help [solar and energy efficiency] industry professionals make more sales,” Kilowatt says on its website. “More financing options and more customers equal more profit. It’s that simple.”
The company offers financing through solar loans, solar leases, and power purchase agreements. Industry publication GreenTech Media reported last year that it had provided more than $400 million in financing for green energy projects since its inception in 2011.
Kilowatt is involved in markets created, sustained, and subsidized by policies that Steyer and his political operation have promoted through political and policy advocacy.