NY Green Bank

NY Green Bank, a division of NYSERDA, is a state-sponsored investment fund established in 2013 to enhance private sector investment in clean energy across New York State. The organization aims to accelerate the deployment of clean energy technologies by addressing gaps and barriers within the capital markets. NY Green Bank collaborates with various clients and counterparties to create tailored financial solutions, including warehousing and aggregation credit facilities, term loans, credit enhancements, and construction finance. By fostering a more efficient, reliable, and sustainable energy system, NY Green Bank seeks to promote the transition toward a cleaner energy future in New York.

David Davenport

Managing Director

Andrew Kessler

President

1 past transactions

Sealed

Debt Financing in 2016
Sealed is a home improvement company focused on enhancing energy efficiency and comfort in residential properties. By collaborating with energy utilities and certified contractors, Sealed offers a range of upgrades, including HVAC systems, insulation, air sealing, and smart home technology. The company manages projects from start to finish, ensuring that homes remain comfortable and energy-efficient in all weather conditions. Sealed employs a unique performance payment model that eliminates upfront costs for homeowners, allowing them to pay based on the energy savings achieved from the upgrades. This approach not only addresses common issues faced by homeowners but also facilitates access to financing through its HomeAdvance program. Sealed's proprietary data and analytics support accurate energy savings predictions, which have led to innovative financial products such as the first debt facility backed by residential energy savings and the first residential energy savings insurance policy. The company reaches its customers through local contractors, utilities, and digital marketing, effectively promoting its services while helping homeowners reduce energy waste and improve their living environments.
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