Generate Capital Established Over $150 Million of Innovative Infrastructure Financing Programs in 2015
Project developers and solution providers have a new partner to
finance and build clean energy, water, waste and agriculture
Generate Capital today announced over $150 million of innovative,
sustainable infrastructure programs established in 2015, the company’s
first year of operations.
Launched by renewable energy industry veterans in late 2014, Generate
Capital provides comprehensive and flexible financing options for
innovative solutions in energy, agriculture and water infrastructure.
Traditional capital sources often consider these infrastructure projects
as too risky or too small in size, preventing capital from flowing
despite compelling economic value propositions. As a specialty finance
company with permanent, flexible capital, Generate Capital offers
multiple types of financing programs to solve project developers’
Generate Capital offers both standard financial products, such as asset
backed lending, project finance, asset warehouses and other short-term
financing, as well as products custom-tailored to meet the partners’
needs. Established programs range in size from hundreds of thousands to
tens of millions of dollars across a diverse set of resource-related
categories, including energy storage, solar PV, solar thermal, energy
efficiency, biomass, agriculture and wastewater sectors.
“We need to rebuild the world in a far more sustainable way, and that
infrastructure overhaul needs new ways of being funded. We work with our
partners to provide the right kind of capital at the right time, which
we believe makes us the only long-term capital partner for innovators in
these important infrastructure and technology categories,” said Scott
Jacobs, Chief Executive Officer and Co-Founder of Generate Capital. “For
many years, the market has been crying out for permanent, flexible
capital, for transparency in underwriting and for efficiency in
transacting, so we designed our business specifically for these
The financing flexibility Generate Capital offers makes it possible for
entrepreneurs and developers to scale their businesses and accelerate
their sales pipelines. This Infrastructure-as-a-ServiceTM,
no-money-down solution enables customers to pay for the benefits of
technology and infrastructure without having to take on the initial
capital expenditure or the operational requirements of managing the
infrastructure over time.
“We are relentlessly searching for the innovators who are solving
the critical problems of our time, and our job is to help these
entrepreneurs and executives scale their businesses for both real impact
and real profits. We help them create compelling customer value
propositions that start with no-money down,” said Jigar Shah, President
and Co-Founder of Generate Capital. “Customers want to use critical
resources more efficiently, but they frequently can’t prioritize
investments into these solutions without a ‘pay-as-you-save’ type of
model.” Shah, the founder of SunEdison, is credited with introducing the
no-money-down approach to solar, which helped propel solar from a small
niche to the multi-hundred-billion dollar market it is today.
In one program, Generate Capital is partnering with Grundfos, the
largest water pump manufacturer and operator in the world, to offer high
efficiency water pump systems to residential and commercial buildings.
“Generate Capital’s financial partnership allows us to offer customers
an appealing lower, fixed-price contract with a faster pathway to shared
savings,” stated David McLean, Vice President Business Development,
Commercial Building Services of Grundfos. “They believe in the value and
importance of our products, and worked with us to create a very specific
yet mutually beneficial long-term partnership.”
In another program, Generate Capital provided financing for businesses
to implement battery storage solutions for on-site power management and
energy efficiency, dramatically reducing these customers’ energy bills.
This battery-based Infrastructure-as-a-ServiceTM model
enables developer partners to compress their sales cycle while
simultaneously boosting their closing rates, and allows customers to
bypass the single up-front expense and pay for the infrastructure with
the savings they generate over time.
“Over the last decade-plus investing in energy innovation, it has become
increasingly clear that to win in these markets, you need to build that
innovation into infrastructure. That requires project financing,” said
Raj Atluru, a Generate Capital Board member and long-time investor in
energy and resource-related innovation. “The magnitude of deals
completed in our first year, in addition to the substantial pipeline
we’ve built, is evidence of the need for this kind of partner in the
About Generate Capital, Inc.
Generate Capital is a specialty finance company based in San Francisco,
California, founded by leading entrepreneurs and investors in the
renewable energy, technology, and sustainability sectors. It partners
with project developers and technology manufacturers globally to finance
the Resource Revolution – doing more with less of the world’s critical
resources like energy, water, food and materials. For more information
on Generate Capital, please visit www.generatecapital.com.
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