Gridwealth Corporation announces a credit agreement with CF Energy Finance, LLC
The agreement will help launch its retail electric supply service to complement its Community Shared Solar Programs.
Easthampton, MA – December 1, 2021 – Gridwealth Corporation (“Gridwealth”) announced today the signing of a definitive long-term credit agreement with CF Energy Finance, LLC (“Capital Foundry”) for Gridwealth’s current and future energy markets.
“We are extremely pleased to be working with Capital Foundry and we expect this new partnership to provide us with tremendous opportunities and support to grow our retail electricity supply business on our curated platform of renewable and sustainable energy products and services, which target the commercial, industrial, municipal, low-income, and non-profit sectors,” said Todd Ford, Gridwealth’s CEO. He added, “Our new agreement with Capital Foundry is the logical next step in Gridwealth’s strategic plan to provide the best possible value and service to our customers.”
Gridwealth currently serves commercial, municipal, and low-income customers in Massachusetts, Rhode Island, and Maine for shared community shared solar credits. The Company is launching its retail electricity supply service in Massachusetts and will expand into other northeast states in parallel with its solar and alternate energy products and service offerings.
“Gridwealth’s experienced team and focused approach to the market presents a compelling story,” said John Fox, Capital Foundry’s Chief Credit Officer. “We are pleased to support Gridwealth and be a partner in their growth for years to come.”
About Gridwealth Corporation: Gridwealth (www.hampshirepower.com) is a leading Community Shared Solar customer acquisition and management firm that is expanding to serve their customers with an integrated suite of energy products and services. Gridwealth stands alone as the first community shared solar service company to blend solar credits and retail supply to maximize customer savings. Further, as a retail supplier with unique utility connectivity, Gridwealth seamlessly informs and optimizes accurate solar bill credit allocations that maximizes monthly bill credit savings and maximizes revenue for the solar asset owner. Gridwealth’s retail electric products will become an integral part of a connected suite of energy solutions driven by data and actual consumer usage.
For more information about Gridwealth Corporation, please contact John Allario, Chief Financial Officer, firstname.lastname@example.org or to learn how to become a Gridwealth client or channel partner, please contact Stephen Condon, Director of Community Energy, email@example.com.
About CF Energy Finance, LLC: CF Energy Finance, LLC is the alternative energy financing division of Capital Foundry, LLC, led by CEO Neal Shipley, President and Chief Investment Officer Thomas G. Donahue, and Chief Credit Officer John Fox.
Capital Foundry provides non-dilutive credit and debt solutions to underserved small and middle-market businesses seeking financing to fuel their growth and working capital needs. They have experience in a wide variety of sectors and have unique expertise in the energy services sector.