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Cit Serves As Sole Lead Arranger Of Financing For Swell Energy's Commercial Behind-The-Meter Energy Storage Projects

Cit Serves As Sole Lead Arranger Of Financing For Swell Energy's Commercial Behind-The-Meter Energy Storage Projects

08/02/22, 1:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsanta monica
Industry
renewable energy
CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy's pipeline of new behind-the-meter commercial energy storage projects in California.

Company Info

Company
Swell Energy
Location
santa monica, california, united states
Additional Info
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by enabling consumers to take control of their energy use and cost, achieve energy security, and participate in the transactive grid. Swell Energy provides homeowners and businesses with financing and virtual power plant programs, while partnering with trusted local solar and solar+storage companies for seamless, high-quality installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy also delivers resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. For more information, visit www.swellenergy.com.

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