Sample Transactions & Select Clients

  • Acted as financial advisor to a New England developer for the sale of a 3.2 MW hydro facility.
  • Secured $1.25 million in venture lease funding (lease and warrants) for a venture backed manufacturing start-up that makes various products out of recycled glass.
  • Working with solar developers and EPC contractors in New England, Mid-Atlantic States and the Caribbean to provide tax-equity and debt financing for over 80 MW of projects.
  • Working with a major multinational solar corporation to arrange financing for over $100 million in projects.
  • Working to secure equity and debt financing for developers of biomass and anaerobic digestion projects using agricultural waste.
  • Working with water treatment design, build, own, operate (DBOO) firms and developers to provide financing for commercial and industrial wastewater and waste-to-energy projects.
  • Working with a nationally recognized project development team to arrange a $100 million+ facility for funding commercial and industrial energy efficiency.
  • Working with a specialty industrial energy efficiency design and construction firm to provide strategy advice and financing .

  • Large Municipal College’s HVAC equipment was approaching the end of its useful life. The total cost to upgrade this equipment was $23 million, of which a State Authority agreed to provide $15 million. The college was still short of the necessary funds and capital budget dollars were simply not an alternative. Catalyst arranged financing for an $8 million lease purchase agreement to cover the shortage under a Guaranteed Savings Agreement. The lease-purchase payments were 85% of the projected savings over 12 years. The agreement included non-appropriation language, making it an operating rather than a capital expense.
  • A municipal hospital wanted to install $388k of energy improvements. The municipality had been turned down for credit by their bank. We restructured and approved the transaction. With new credit available, the hospital added an MRI machine to the financing while the Municipality requested to add two police cars. The final financed amount was $1.2 million!

 

  • NY K-12 school district installed approximately $389k of energy efficiency lighting in six schools and two administration buildings. After applying the utility rebate of $173k, they financed the $216k balance using a Tax Exempt Fixed Payment Energy Service Agreement. The school wished to avoid the capital budget process and treat this agreement as an operating expense. The finance document included budgetary non-appropriations language, allowing for the cancellation of the agreement without penalty to the lessee should funds not be appropriated in future budgets.

 

  • A Massachusetts vocational school needed $700k to install a cogenration system (CHP) to replace an old HVAC and cooling tower. Catalyst provided the needed funding that the school paid for out of the operating savings realized by the project.  Financed over a five year term, the energy savings far exceeded the projected saving.  The school used these savings to pay for the repaving of their parking lot.

Bay State Gas

Bonneville Power Administration

KeySpan (previously Boston Gas Company)

Central Vermont Public Service Corp.

Consolidated Edison Company of NY, Inc.

Eastern Utility Associates (A National Grid Company)

Enertech (a subsidiary of LG & E Corp.)

G.S.A.

Hawaiian Electric Company, Inc.

New England Electric (A National Grid Company)

Nevada Power Company

New York State Electric & Gas

Niagara Mohawk (A National Grid Company)

Pacific Gas & Electric

Public Service of New Mexico

Seattle City Light

Snohomish County Public Utility District

Tacoma Public Utilities

Tennessee Valley Authority

UtiliCorp United

Xcel Energy (previously Northern States Power Co.)

American Gas Association

Edison Electric Institute

E Source

The Heinz Endowments

Pacific Northwest National Laboratories (Battelle)

Rocky Mountain Institute


For further information on the Catalyst team, or to speak with one of the partners, please contact Catalyst here