The transaction represents the first time EneRate Credit Cover was applied to a fuel cell project, illustrating the breadth and flexibility of the solution.
BOSTON–(BUSINESS WIRE)–Energetic Capital recently closed its first transaction involving fuel cells, a natural extension of prior transactions covering energy efficiency and combined heat and power systems. The fuel cells systems will provide significant energy savings and resiliency for an important domestic manufacturer.
The policy was critical securing financing for a counterparty that was rated below investment grade, satisfying lender credit requirements. “This is an excellent example of the breadth of our capabilities” said Jeff McAulay, co-founder and CEO of Energetic. “Financing for impactful decarbonization projects should not be limited by credit rating. Innovative insurance solutions like this will be important as global demand for electric power grows and more companies focus on resiliency and sustainability”
NOTE: This Press Release does not constitute and is not intended by Energetic Capital or any of the entities mentioned in this release to constitute a solicitation for any insurance business.
About Energetic Capital
Energetic Capital is a leader in innovative financing solutions for clean energy and decarbonization projects. With a proven track record of unlocking over $800 million in project value across 1,500+ sites, Energetic Capital delivers scalable solutions across multiple technologies, including solar PV, wind, energy efficiency, microgrids, energy storage, community solar, and fuel cells. Projects we support have generated over 275 thousand MWh of clean energy and avoided over 115 thousand metric tons of CO2. Our mission is to accelerate the transition to a sustainable energy future, delivering meaningful impact for businesses, communities, and the planet.
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