Cit Serves As Co-Lead On $85 Million In Financing For Ninedot Energy

Dec 07, 2022•about 3 years ago

BrooklynRenewable Energy

Description

CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as co-coordinating lead arranger on an $85 million construction-to-term debt financing for NineDot Energy LLC ("NineDot Energy"), a leading developer of distributed community energy projects in the New York City metro region.

Company Information

Company

NineDot Energy

Location

Brooklyn, New York, United States

About

NineDot Energy is the leading community-scale battery storage developer and operator in the New York City metropolitan region. We create innovative urban energy solutions that support a more resilient grid, deliver economic savings, reduce carbon emissions, and improve environmental equity. NineDot is also expanding beyond stationary storage to incorporate mobile batteries and electric vehicle charging into some of our current and future sites. NineDot Energy’s name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. We are based in Brooklyn, New York at NYU’s Urban Future Lab.

Related People

4 contacts

Cit Serves As Co-Lead On $85 Million In Financing For Ninedot Energy

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Related People

Company Information