Catalyst Power has secured a $15 million revolving credit facility from East West Bank to expand its distributed energy projects. The facility, running through 2029, will fund the initial phase of the company's pipeline of Combined Heat and Power (CHP) and solar installations. The financing marks the first of its kind for commercial-scale CHP systems, reflecting growing investor confidence in distributed generation as a scalable solution to grid strain and rising energy costs. Catalyst Power's CHP systems achieve 70–80% thermal efficiency by capturing waste heat from onsite electricity generation to heat and cool buildings. The company, backed by DRW Holdings and BP Energy Partners, currently serves over 8,500 customers across 12 states and 41 utility territories in deregulated markets spanning the Northeast, Mid-Atlantic, and Midwest regions.

Catalyst Power secures up to $15 million revolving credit facility from East West Bank to accelerate distributed generation growth. Development capital positions Catalyst Power to deploy distributed commercial-scale Combined Heat and Power (CHP) NEW YORK, September 10, 2026 - Catalyst Power Holdings LLC ("Catalyst Power"), an independent provider of retail power and cleaner energy solutions for the commercial and industrial sector, today announced the closing of a $15 million revolving credit facility with East West Bank. Running through 2029, the facility will be used to develop and execute the initial phase of the Company's pipeline of distributed Combined Heat and Power (CHP) and solar projects. "Energy costs are rising, the grid is under real strain, and onsite generation has gone from a nice-to-have to a central part of the answer," said Gabriel Phillips, CEO of Catalyst Power. "Smart businesses aren't waiting for the grid to catch up. We appreciate East West Bank recognizing the opportunity. This financing lets us greatly expand distributed CHP and deliver cost savings, greater efficiency, and lower emissions to commercial and industrial customers." The facility is the first of its kind for commercial-scale CHP and reflects a broader shift in how capital markets view distributed generation. Meeting the country's growing power demand will take an all-hands-on-deck approach, and lenders increasingly see onsite generation as a scalable, financeable part of the solution rather than a niche or unproven asset class. Catalyst's commercial-scale CHP systems achieve ultra-efficiency through utilizing the waste heat from onsite electricity generation to heat and cool buildings and water, raising thermal efficiency to 70-80%. Businesses interested in partnering with Catalyst Power or learning more can contact the company at: www.catalystpower.com. About Catalyst Power: Catalyst Power is an energy supplier helping commercial and industrial customers reduce energy costs and enhance budget certainty. Its offering is built around a blended supply model that combines onsite generation from energy-producing assets it builds, owns, and operates at customer sites with market-based retail electricity. Operating across deregulated markets in the Northeast, Mid-Atlantic, and Midwest, Catalyst serves customers in 12 states and 41 utility territories and continues to expand its footprint. The company is backed by DRW Holdings and BP Energy Partners and supported by a dedicated operations and maintenance platform that ensures performance, reliability, and long-term asset optimization. Catalyst serves more than 8,500 customers across manufacturing, industrial, multifamily, hospitality, higher education, commercial real estate, and other energy-intensive sectors. About Catalyst Power. As an independent, integrated provider of commercial electricity and gas as well as distributed energy solutions, Catalyst Power helps your business get the most from your power supply.

EastWest Bank launches business banking AI chatbot. August 6, 2026 | 12:01 am EAST WEST Banking Corp. (EastWest Bank) has launched an artificial intelligence (AI)-powered chatbot to help entrepreneurs understand and access solutions offered by the bank that can help their businesses grow. Small business resources Discover more Global economy trends Corporate News Analysis Financial news subscription ECHO or EastWest CMS Help Officer is designed to help business owners understand and access the bank's cash management services, especially as their operations turn increasingly digitalized, it said in a statement. "As more Filipino entrepreneurs turn to digital channels to manage and grow their businesses, they increasingly need quick, reliable access to information and solutions that can help them manage day-to-day financial operations efficiently," it said. "As businesses expand, their financial needs become more complex - from collections and payments to payroll and cash flow management. This growing shift toward digital business management has increased the need for secure, accessible banking solutions that help entrepreneurs streamline operations, improve efficiency, and stay focused on growth." ECHO provides simple answers about EastWest Bank's cash management services, recommends options tailored to these businesses' needs, and also connects them with an EastWest Sales Officer for personalized assistance. The chatbot's knowledge base is continuously enhanced and expanded to ensure the assistance and information offered are relevant and timely. "Through ECHO, EastWest continues to strengthen its support for business owners with practical digital tools that simplify banking, improve access to relevant solutions, and help businesses make better-informed financial decisions," EastWest Bank said. It added that this is part of their digitalization efforts that are meant to make financial serves more accessible and responsive to their Filipinos' needs. "Business owners need quick access to information so they can focus on running and growing their business. Through ECHO, we're giving them an easier way to learn about solutions that can help them operate and grow with confidence," EastWest Chief Marketing Officer Martin C. Reyes said. The bank booked a net income of P3.4 billion for the first half of 2026 as it set aside increased provisions for potential losses amid continued macroeconomic and geopolitical uncertainty. - BVR % buffered Powered by GliaStudios