Energetic Capital Supports Fuel Cell Project with Innovative Insurance Solutions for Energy Resiliency
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.
Jeff McAulay, co-founder and CEO of Energetic, said :
This is an excellent example of the breadth of our capabilities
“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”
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Energetic Capital Supports Fuel Cell Project with Innovative Insurance Solutions for Energy Resiliency, source