JLM Energy, the California-based solar-plus-storage company, secured $25m in financing for distributed storage projects targeted at commercial and industrial customers.
The investment was arranged by GoldenSet Capital Partners, with CohnReznick Capital advising privately owned JLM in the transaction.
The funding will accelerate the adoption of JLM’s Phazr platform, which targets large C&I systems, the company says.
JLM expects the financing facility to be fully committed by late 2018.
