Greenbacker acquires largest standalone energy storage project to date

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — Greenbacker Capital Management (“GCM” or “Greenbacker”), a leading renewable energy asset manager, has purchased, through an affiliated investment vehicleGreenbacker Capital Management LLC is an SEC registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries. For more information, please visit https://greenbackercapital.comSunCode LLC (“SunCode Energy”) is an experienced renewable energy development and investment company headquartered in Irvine California, with regional offices in many states. Specialized in developing energy projects from concept to asset, the SunCode team has developed over 2GW of solar and battery storage systems in the United States. For more information, please visit www.suncodesolar.comThis press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although Greenbacker believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. Greenbacker undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in its expectations.

i
(GlobeNewsWire)