Amped Solutions secures institutional financing for solar PV plus storage portfolio across privately held hotel properties in California
Amped Solutions, Inc., a US developer of solar plus storage solutions, announced today the closing of a financing facility with Customers Commercial Finance, LLC, a subsidiary of Customers Bank. Amped’s portfolio covers 1.8 MW DC of solar PV plus 1.2 MWh of storage across a portfolio of six privately owned hotels in northern California and San Diego county.
“This transaction engaged key partners, allowing institutional financing to be secured with an innovative developer, new credit solutions and an entrepreneurial bank leasing company,” said Samuel H. Smith III, President of Customers Commercial Finance, LLC. “The platform will allow us to deploy more capital into the small distributed solar market,” he added.