JLM Energy today announced $25 million in project funding investment for commercial and industrial customers.
CohnReznick Capital served as an advisor to JLM Energy on the transaction.
This includes the company’s proprietary energy storage technology and software that combines energy storage, demand response and solar.
The company intends to follow this up with a corporate equity raise of an unspecified amount, however a Fortune 100 company has expressed interest in investing in portion of the raise.
“We’re proud to have advised on the formation of this fund which continues JLM’s strong growth in the market and overall impact in the U.S. renewable energy industry,” stated Nick Sangermano, Managing Director at CohnReznick Capital.
View the full press release by clicking here.
Photo credit: JLM Energy