Energy Toolbase has launched a new financial integration feature to the ETB Developer platform. This allows users to instantly generate financing quotes from third-party financial institutions. This functionality and release will simplify the iterative process for generating financing quotes. This will allow project developers to model and close solar + storage projects more efficiently.
Project developers, energy service companies, and Fortune 500 companies use the software platform to optimize and present economics for solar + storage projects. ETB Developer users can now model any type or project financing solution. This includes a cash purchase, power purchase arrangement (PPA), loan, lease, and cash purchase. This new release eliminates the need of moving across multiple applications to create a full financial model proforma. It includes both project finance specifications with avoided costs and other project cash flows. This speeds up the process and allows developers the opportunity to optimize financing with other parameters of their project.
Green Bridge Energy is a financing partner integration that launched onto the platform. Green Bridge, based in Raleigh, N.C. provides clean energy financing solutions. They offer operating leases and PPAs to the nonresidential sector. Typical counterparties that Green Bridge serves include MUSH markets (municipal and state governments, universities and colleges, K-12 schools, and hospitals), nonprofits such as churches, and C&I customers (office, retail, industrial and warehouse-type facilities). ETB users have the ability to use the integration in order to generate Green Bridge preliminary indicative quotes for all 50 states.
“We are incredibly excited to be partnering with Energy Toolbase and bringing sophisticated capital to the clean infrastructure market and ETB Developer users,” comments Byrne Huddleston, CEO of Green Bridge Corp. “Providing streamlined access to institutional capital for solar, energy storage, and EV charging projects will allow developers to grow their businesses and drive more margin from their deals.”
“We’re focused on releasing new features that make the modeling process more intuitive and efficient for ETB Developer users,” says Brooke Morales, product manager of ETB Developer at Energy Toolbase. “We’re confident that enabling instant quoting all within one platform will enable more projects to be quickly quoted and ultimately closed.”