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Scale Microgrids Secures $150 Million Tax Equity Financing Partnership with Truist Bank

Dec 12, 2024•over 1 year ago

Contract Type

partnership

RidgewoodEnergyOil And GasRenewable EnergyEnergy ManagementEnergy Efficiency

Description

Scale Microgrids has closed a major tax equity transaction with Truist Bank, in which Truist will provide a tax equity investment of up to $150 million. The partnership with Truist will enable the construction of new distributed energy assets across the U.S. including microgrid projects and community-scale solar and battery storage facilities to meet increasing power demands.

Company Information

Company

Scale Microgrids

Location

Ridgewood, New Jersey, United States

About

Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers ​to take charge of their energy infrastructure and future-proof their businesses.

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