Catalyst Power lands $15M credit line to build onsite power projects
What's the deal? Catalyst Power HoldingsDealroom has a profile for this one. Try Dealroom → has closed a $15 million revolving credit facility with East West BankDealroom has a profile for this one. Try Dealroom →. The New York-based energy supplier will use the money to develop the first phase of its pipeline of distributed Combined Heat and Power (CHP) and solar projects.
Why now? "Energy costs are rising, the grid is under real strain, and onsite generation has gone from a nice-to-have to a central part of the answer," said chief executive officer Gabriel Phillips.
What's the endgame? Catalyst sells retail power and cleaner energy to commercial and industrial customers. It runs a blended model, combining market-based retail electricity with onsite generation from assets it builds, owns, and operates at customer sites.
The company serves more than 8,500 customers across 12 states and 41 utility territories in the Northeast, Mid-Atlantic, and Midwest. It is backed by DRW HoldingsDealroom has a profile for this one. Try Dealroom → and BP Energy PartnersDealroom has a profile for this one. Try Dealroom →.
By the numbers: The facility runs through 2029. Catalyst says its commercial-scale CHP systems reach thermal efficiency of 70–80% by using waste heat from onsite electricity generation to heat and cool buildings and water.
The signal: At $15 million, this is a modest raise — but the structure matters more than the size. Catalyst calls it the first credit facility of its kind for commercial-scale CHP, a sign that lenders increasingly view distributed, onsite generation as a financeable asset class rather than a niche bet as US power demand climbs.
Image credit: Catalyst Power Holdings
