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Cit Serves As Co-Lead On $85 Million In Financing For Ninedot Energy

Cit Serves As Co-Lead On $85 Million In Financing For Ninedot Energy

12/07/22, 3:11 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbrooklyn
Industry
renewable energy
CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as co-coordinating lead arranger on an $85 million construction-to-term debt financing for NineDot Energy LLC ("NineDot Energy"), a leading developer of distributed community energy projects in the New York City metro region.

Company Info

Company
NineDot Energy
Location
brooklyn, new york, united states
Additional Info
NineDot Energy is the leading community-scale battery storage developer and operator in the New York City metropolitan region. We create innovative urban energy solutions that support a more resilient grid, deliver economic savings, reduce carbon emissions, and improve environmental equity. NineDot is also expanding beyond stationary storage to incorporate mobile batteries and electric vehicle charging into some of our current and future sites. NineDot Energy’s name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. We are based in Brooklyn, New York at NYU’s Urban Future Lab.

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