esVolta secures tax equity investment from US bank for energy storage project in California
Summary
Our tax equity team is working to finance standalone battery storage systems, support grid resiliency, and We are excited to partner with US Bank to deliver clean energy to California, said Scott Jacobs, CEO and co-founder of Generate Capital.We are deeply dedicated to our work in supporting sustainability and green infrastructure, said Darren Vant Hoff, director of renewable energy investments for US Bancorp Impact Finance. Because we combine purpose and profitability, intentionally considering social and environmental impact, we are delighted to be part of this project.The transaction was facilitated by Orrick Harrington & Sutcliffe LLP as legal advisor to Esvolta and Leverage Law Group, LLC as legal advisor to U.S. Bank.Founded in 2017, esVolta, LP is a leading developer, owner and operator of utility-scale energy storage projects throughout North America. Generating build, own, operate and finance solutions for clean energy, transportation, water, waste, agriculture and smart cities infrastructure. Our Infrastructure-as-a-Service model provides affordable, reliable, and sustainable resources to thousands of customers, companies, communities, school districts, and universities. US Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the Worlds Most Ethical Companies 2023 and a Fortune Most Admired Superregional Bank.
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