First Citizens Bank’s energy finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy battery energy storage projects in Texas. Bank United also served as co-lead arranger on the financings.

“Battery storage is crucial to building a more resilient grid and enhancing the reliability and cost-effectiveness of renewable energy—ultimately enabling our mission to accelerate the shift to clean energy,” Ken Young, CEO of Apex Clean Energy, said. “We greatly appreciated the industry knowledge and expertise of the First Citizens Energy Finance team in helping arrange these financings.”

“Apex Clean Energy has a strong and growing reputation throughout the renewable energy industry for identifying attractive clean energy project opportunities and managing them to successful completion,” Mike Lorusso, managing director and group head for First Citizens Energy Finance, said. “It was a pleasure to work with them on this financing and we look forward to further opportunities to collaborate in the future.”