Agilitas Energy has secured both a construction loan and tax equity financing from 1st Source Bank, to be used towards national expansion efforts in project development.
The financing is slated to help Agilitas Energy connect renewable energy storage projects in Bristol, Vermont, and Patchogue, N.Y., to the grid. The Briston project is operational, with Vermont and Patchogue expected to go live next year.
The revolving credit facility is set to finance Agilitas Energy’s equipment acquisition costs and interconnection deposits for project development phases.
“1st Source Bank is proud to support Agilitas Energy and its full value chain business model as it continues to deliver renewable energy projects to the grid, benefiting local communities,” says Ryan Fenstermaker, division head of Solar Financing at 1st Source Bank.
“The all-in-one debt and tax equity product at 1st Source Bank, along with our flexibility and responsiveness, continues to be innovative in the marketplace, helping to advance the energy sector on a variety of asset classes and financing structures.”
The post Agilitas Energy Secures Strategic Financing from 1st Source Bank appeared first on Solar Industry.
Agilitas Energy Secures Strategic Financing from 1st Source Bank
Renewable Energy
Raw Stupidity: Yet One More Reason that Trump Must Go
From the Huffington Post:
A senior FBI officer struggled to answer basic questions about antifa, despite characterizing the organization as “the most immediate violent threat” the US faces.
At a House Committee on Homeland Security hearing on Thursday, Michael Glasheen, operations director of the national security branch of the FBI, said he agreed with President Donald Trump that antifa is one of the greatest national security threats to the country.
The answer, of course, is that “Antifa” is a concept, not an organization. It refers to anyone who is against fascism. It has no headquarters, no leaders, and no members.
Now, it is true that people with these views can be violent. When my father led a crew of his fellow anti-fascists, flying a B-17 bomber in World War 2, they completed 29 successful missions, destroying Nazi oil refineries. Were Nazi soldiers killed in the process? I never asked him that, and he probably didn’t know, as they were flying at 29,000 feet, but it seems extremely unlikely that no one died.
In peacetime, we antifa people are non-violent. We may be marching for BLM, or encouraging the use of science in policymaking, or expressing our view that the United States should not have a king.
The FBI must understand this; they must be saying this purely to placate Trump. No one can be that stupid.
Renewable Energy
Hydrokinetics Gone Awry
When I came across the meme at left, I was instantly reminded of a guy who called me from Baltimore, MD about 15 years ago, anxious for me to hunt up investors in an invention he had created. I was having a hard time understanding the concept he was describing, and so he told me, “Think of it as a river in a box.”
“Ah! Now I get it. You have a box full of standing water. You add energy to it to get it moving, and then our extract energy from the moving water. And you think that you can extract more energy than you put into it.”
“Yes!” he said excitedly.
I calmly told him that this violates the laws of physics, specifically the first and second laws of thermodynamics, but he wasn’t “having it.” I wished him a pleasant good night and asked him to let me know when he had built a working prototype.
I’m still hoping to hear from him again.
Renewable Energy
Benefits of Solar Power Solution in Manufacturing Facilities
-
Climate Change4 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases4 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Greenhouse Gases2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Climate Change2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Climate Change2 years ago
Why airlines are perfect targets for anti-greenwashing legal action
