Thursday, March 12, 2026

Storage – Companies Sign $78.2M Loan for Energy Storage Facilities in California

“NADBank is pleased to provide financing for this innovative operation that will increase energy efficiency and maximize the use of renewable energy while helping displace CO[2] emissions” stated the Bank’s Managing Director Calixto Mateos-Hanel. He also highlighted, “As a development bank, NADBank has proven time and again that innovative financing of environmental projects in promising sectors is one of its core strengths. This energy storage project portfolio confirms the Bank continues to play a critical role in the development of sustainable infrastructure while tackling climate change and meeting the needs of the US-Mexico border.” “Similarly, Siemens is delighted to finance these energy storage facilities and praises EnerSmart in their strategic endeavors to supply critical battery infrastructure to the San Diego area,” said Jim Fuller, Head of Project Finance,…

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