Greenprint Capital

We are excited to announce the completion of approximately $98 million in tax equity investment for our 200 MW / 400 MWh Ebony Energy Storage facility in Comal County, Texas. The investment from Greenprint Capital, a market leader in structured, renewable energy tax credit partnerships, will help the project stabilize #ERCOT's power system during dynamic summer demand and cold winter storms while helping to integrate more renewable energy into the grid.    The Ebony facility, which is located near San Antonio, Texas, began construction in March 2023 and will come online in spring 2024 ahead of anticipated record energy demand in ERCOT. The system will help ERCOT navigate extraordinarily high and rising peak demand in summers and winters, providing a combination of energy and ancillary services to help stabilize the grid.    "Plus Power is grateful for Greenprint's partnership in bringing Ebony online and expanding our portfolio in Texas," said Josh Goldstein, chief financial officer at Plus Power. "The latest in a series of unprecedented investments from top energy project finance banks and investors, Greenprint's support is indicative of Plus Power's leadership in the sector and the quality of our standalone storage projects."    "As the state and the country experience increasingly extreme temperatures, we are proud that our projects can provide grid services that will help ERCOT increase reliability and meet abnormally high demand," Goldstein added.    Read more: https://lnkd.in/gBFwtEzn    #batterystorage #energytransition  

Spearmint Energy is pleased to announce the successful close of a $92 million tax equity investment to support the development of Revolution, the Company’s 150 MW, 2-hour battery energy storage project located in West Texas. The financing was secured from Greenprint Capital, LLC. The deal is one of the first applications of the Investment Tax Credit (ITC) structure for a standalone battery energy storage system following the passage of the Inflation Reduction Act in August 2022.   “We are pleased to partner with Greenprint, well-recognized for providing capital to leading companies in renewable energy, as we embark on the final stages of testing at Revolution. As our nation continues to battle grid-instability due to climate change, fluctuating oil and natural gas prices, and an increase in electricity demand, Spearmint is acutely focused on partnering with best-in-class firms like Greenprint to ensure we can efficiently offer low-cost renewable energy to markets in need. We are proud to be a first mover in leveraging the incentives of the Inflation Reduction Act to help fuel the growth of the clean energy revolution,” said Andrew Waranch, founder, president, and CEO of Spearmint.   To read the full announcement, click here: https://lnkd.in/eszN9Ghe   #CleanEnergyRevolution #EnergyTransition #BatteryEnergyStorage #TaxEquity #Sustainability