Gridwealth, a renewable energy firm, has secured $14 million in additional development capital from West Town Bank and Trust, along with other banks. This investment will fuel Gridwealth’s expansion into new states to meet the rising demand for sustainable electrification. It marks the second collaboration between Gridwealth and West Town Bank and Trust, following a $10 million deal for corporate capital. Gridwealth’s strategy involves partnering with developers to retain involvement in renewable projects while accessing capital for new endeavors, thereby contributing to the growth of the new energy economy.
Gridwealth secures $14M for energy expansion
Gridwealth has secured $14 million from West Town Bank and Trust for renewable energy expansion. (Image Credit: Gridwealth).
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