JLM Energy announces $25-million project finance investment

By Kathie Zipp JLM Energy, a renewable energy technology company, announced today that it has secured $25 million to finance distributed energy storage projects for Commercial & Industrial (C&I) customers.
The investment was arranged by GoldenSet Capital Partners as subadvisor to the North Sky Alliance Fund II. CohnReznick Capital was the advisor to JLM Energy in this transaction.
This funding will finance deployment of energy services and accelerate the rapid adoption of JLM’s Phazr, an innovative distributed energy storage platform specifically designed for the large-scale deployments in the C&I market. By taking this module level approach, JLM’s Phazr is able to advance DC coupled storage

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