Oxford Commercial Finance recently provided a $2 million asset-based loan to a custom battery pack assembler in Illinois.
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November 06, 2024, 07:00 AM
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Pathward has served as agent for $146.5 million in construction loans to support the sponsor’s acquisition and construction of six battery energy storage system (BESS) projects in Cameron County, Texas. As a participant to the construction facility...
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October 09, 2024, 07:53 AM
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Powin, a global leader in battery energy storage solutions, successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR. The facility will be instrumental in supporting Powin’s working...
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October 03, 2024, 07:57 AM
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esVolta announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.The credit facilities consist of construction plus tax equity bridge financing, letters of credit, and...
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NineDot Energy, a developer of community-scale battery storage projects in the New York City metro area, closed an additional $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and...
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First Citizens Bank's Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts. Cranberry Point is a 150 MW / 300 MWh battery energy...
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First Citizens Bank's Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas. One project, Great Kiskadee...
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In January 2023, American Battery Solutions (ABS), a Michigan-based company that specializes in the development of lithium-ion battery systems for electric vehicles, sought alternative financing solutions to address their capital requirements. The...
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February 01, 2024, 07:45 AM
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On.Energy, a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), has closed both a construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in...
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December 27, 2023, 07:06 AM
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First Citizens Bank and Jupiter Power announced that First Citizens Bank's Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage...
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December 20, 2023, 07:36 AM
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Fluence Energy, a leading global provider of energy storage products and services and optimization software for renewables and storage, entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027....
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November 28, 2023, 07:54 AM
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PureSky Energy, a leading developer, owner, and operator of US community solar and battery storage projects, successfully closed a 3-year $150 million revolving credit facility led by Nomura Securities International. as the Sole Lead Arranger. The...
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November 20, 2023, 07:43 AM
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First Citizens Bank announced that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327MW, 1hr duration battery storage projects developed in California by Middle River Power.First Citizens...
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November 17, 2023, 07:32 AM
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First Citizens Bank announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, owner and operator of utility-scale battery energy storage projects in North America. The facility...
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November 15, 2023, 07:27 AM
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First Citizens Bank announced that its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund plc for the development of a 200-megawatt battery storage project located in Imperial County...
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October 25, 2023, 07:40 AM
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First Citizens Bank announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy...
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October 18, 2023, 07:20 AM
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