Scale Microgrids –Scale Microgrids, a vertically integrated distributed energy company, has closed $275 million in new project financing, bringing its total financing raised to date to more than $1 billion. KeyBanc Capital Markets, Cadence Bank, and New York Green Bank led this milestone transaction, with additional participating lenders that included Investec, Mitsubishi HC Capital America, and Connecticut Green Bank.Distributed energy refers to small-scale energy generation and storage systems located near the point of use, often utilizing renewable energy sources.This financing will support 140 megawatts of distributed generation projects, including microgrids, community-scale solar and storage, and battery-storage installations. These projects, many of which are under construction, are in New York, Pennsylvania, New Jersey, Connecticut, and California.“This transaction demonstrates the financial strength of our company and the continued importance of financial innovation in distributed energy,” said Julian Torres, Scale’s chief investment officer. “We’re proud to work with our financing partners to invest in more affordable, more resilient energy solutions for these communities.””We’re proud to have supported Scale through the financing of this portfolio, from construction through to operations,” said Greg Berman, managing director in KeyBanc Capital Markets Utilities, Power & Renewable Energy Group.Konstantin Driker, managing director, NY Green Bank, which provided $50 million in construction-to-term and tax equity bridge loans, said, “NY Green Bank is pleased to support Scale as it continues to make significant investment in New York State’s distributed energy sector.”Bert Hunter, chief Investment officer for the Connecticut Green Bank, noted that the latest financial close “marks the third transaction we have undertaken with Scale as their company makes a significant impact on distributed resources and battery storage in Connecticut.”Chris Pagano, head of structured finance at Mitsubishi HC Capital America, said, “Their strategy aligns with our long-term commitment to advancing sustainability through innovative financing solutions that transform climate goals into actionable, impactful initiatives.”The financing raised from the lenders includes construction loans, tax equity bridge loans, letters of credit, and term loans for projects that will enter commercial operations in 2025 and 2026. Energetic Capital will also provide credit enhancement with a credit insurance policy for the transaction.Scale is a portfolio company of EQT Group

Scale Microgrids, a US renewables platform, has secured $275 million in project financing to support 140 MW of distributed generation projects, including microgrids, community-scale solar, and battery installations.