“Las Vegas-based data company Switch filed a lawsuit on Tuesday alleging that Nevada utility regulators failed to treat the company equally when it denied the firm’s application last year to cut ties with NV Energy and purchase renewable energy independently. It is asking for at least $30 million in damages. It is also asking to leave NV Energy and purchase power on the open market.”
Clean Energy Financing News Roundup
Last week, Petros PACE Finance announced that it has funded approximately $1 million in energy upgrades for HELLER Machine Tools. The energy efficiency improvements are expected to reduce energy consumption and related costs by 23 percent. HELLER is the first company to take advantage of C-PACE in the City of Troy, which, with the help of Lean & Green Michigan, created a PACE program in February.
The Connecticut Green Bank (CGB) announced last week that it has financed its largest solar project to date. Through the program CT Solar Lease, the CGB facilitated a transaction between C-Tec Solar and Lesro Industries, adding to the growing list of projects it has mobilized. The solar panels, installed by C-Tec Solar, will cover 95 to 100 percent of Lesro’s energy needs and slash the firm’s energy costs by upwards of $30,000.
“Macquarie will provide project capital that will be used to build and operate a fleet of AMS’ distributed energy storage projects located at host sites. The systems will be used for ‘utility grid services including flexible and reserve capacity, solar integration and voltage management, in addition to retail energy services such as demand management, backup generation and enhanced power quality.’”