First Citizens Bank's Energy Finance business served as lead arranger on approximately $133 million in financing on behalf of Cypress Creek Renewables to support the development of the Destiny Storage project, a utility-scale, standalone battery...
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March 12, 2025, 07:58 AM
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First Citizens Bank's Energy Finance business served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW / 440 MWh battery storage project in Galveston County, Texas.GridStor is a developer and operator...
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March 07, 2025, 07:55 AM
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Porter Capital closed a $20 million factoring facility for a Dallas, TX based manufacturing company. The company has a 75-year history of producing battery chargers, jump starters, and power inverters for the automotive and industrial markets. This...
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February 28, 2025, 07:49 AM
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On.Energy, one of North America’s fastest growing power asset owners and proven end-to-end integrator of battery energy storage projects, has closed construction credit facilities provided by Pathward and BridgePeak Energy Capital to build its 160...
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January 29, 2025, 08:01 AM
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Pathward announced its expanded strategic partnership with BridgePeak Energy Capital (BridgePeak) to implement a digital-first renewables loan platform. Together, the partnership between Pathward and BridgePeak will facilitate industry innovation and...
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November 22, 2024, 07:56 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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Voltera, a leading developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, secured a $100 million debt facility to support capital expenditure deployment on assets that are backstopped by customer contracts...
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August 14, 2024, 08:06 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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July 31, 2024, 07:41 AM
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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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July 22, 2024, 07:46 AM
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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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June 17, 2024, 07:00 AM
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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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May 15, 2024, 07:38 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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Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, secured a new $15.0 million credit facility from Gibraltar Business Capital (“GBC”) to fund working capital...
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August 04, 2023, 08:00 AM
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First Citizens Bank announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in...
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July 18, 2023, 07:35 AM
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Rockland Trust announced it has closed a multi-million dollar asset-based credit facility with Global Technology Systems, Inc. (GTS). GTS is an experienced provider of engineering reliable, long-lasting batteries and chargers.
“Rockland Trust is...
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September 27, 2017, 07:56 AM
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Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank. The financing, led by...
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March 28, 2017, 07:17 AM
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