Advanced Energy Capital Inks Deal With Power Island Energy

Advanced Energy Capital announced the signing of an agreement to finance up to $10.0 million for the installation of standby generator sets originated and developed by Power Island Energy and supported by the New York Demand Response Program.

“We are excited to work with Advanced Energy Capital. Jack Doueck and Rick Rudy have been in the finance business together for more than two decades and their partnership with Greenbacker Group is very compelling,” said Steve Wilson, CEO of Power Island Energy.

“After learning about Greenbacker’s $1.5 billion public equity raise for green energy finance, and after meeting the executives at AEC, we were convinced that many more of our customers will now be able to access our energy saving systems. The healthcare sector, among others, has learned the lessons of recent power outages: critical care must be supported by the continuous flow of power to the facility and our product offering addresses that need in a way that keeps the cost of that reliability to a minimum,” Wilson continued.

Jacksonville, FL-based Power Island Energy develops and installs standby genset systems primarily focused on healthcare facilities, commercial buildings and light industrial locations.

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