SAN FRANCISCO – (COMMERCIAL THREAD) – Generate, a leading sustainable infrastructure company, today announced the launch of a dedicated lending business to provide flexible financing solutions to cutting-edge technology companies and project developers. infrastructure revolution. Alfred Griffin, founding president of NY Green Bank, has joined Generate to lead the new Generate Credit division.
Today’s announcement represents a significant expansion of Generate’s franchise, where its core business of financing, building, owning and operating sustainable infrastructure has made Generate the only ‘one-stop-shop’ for customers. pioneers of sustainable infrastructure.
“Credit is a critical part of the financial ecosystem for clean energy and sustainable infrastructure solutions, and we are excited to expand access to this important tool that we have used to support our partners since its inception.” said Scott Jacobs, CEO and co-founder of Generate. “Generate has been a pioneer in electric bus rental, renewable energy development loans and fleet financing for electric and hydrogen mobility, in addition to our core business of building, owning and operating assets. Our partners ask us to play an additional role in funding, developing and deploying proven solutions to some of the world’s most pressing problems. We are delighted to bring Alfred on board to accelerate this endeavor. ”
Griffin, a leading national figure in renewable energy, brings 25 years of banking and financial experience to Generate. At NY Green Bank, a New York State sponsored specialty finance company, he led the organization from concept to loan of over $ 1 billion to support sustainable infrastructure projects in areas such as renewable energy production and energy efficiency. Prior to Green Bank, Griffin held positions in investment banking, capital markets and risk management at Citigroup Global Markets Inc.
“Generate has been the undisputed market leader in financing the deployment of innovative and high impact clean energy technology and business models, with its dedicated expertise and keen focus on sustainability,” said Griffin. “I am delighted to join Generate to expand its lending platform for sustainable infrastructure and to work with this industry-leading team. Our fight against climate change demands quick results, and it is imperative that we deliver the right kind of capital at the right time to the projects and businesses that are driving the infrastructure revolution.
Generate Credit will focus on the same areas of the infrastructure revolution that have been Generate’s main markets since its inception, including renewables, energy efficiency, microgrids, energy storage, electric mobility, hydrogen, wastewater, waste management and sustainable agriculture. Generate has made over $ 600 million in similar clean energy loans since its inception.
With broad financing capabilities, a continuously capitalized balance sheet, and a leading operating platform for distributed assets, Generate offers project developers and technology companies the most comprehensive and comprehensive range of financial and operational solutions. more flexible in the world. The new lending business will build on the company’s track record, targeting new lending that broadens the market for sustainable infrastructure deployment.
Generate Capital, Inc. is one of the leading sustainable infrastructure companies driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with more than 35 technology and project developers and owns and operates more than 2,000 assets worldwide. Generate is the one-stop-shop offering pioneers of the infrastructure revolution the tailor-made financing and support needed to build projects. Our infrastructure as a service model provides affordable, reliable and sustainable resources to more than 1,000 customers, businesses, communities, school districts and universities. Together we are rebuilding the world. For more information, please visit www.generatecapital.com.