PaceZero Capital Partners entered into a committed credit facility with Kanin Energy. The funding will support Kanin’s continued waste heat to power project development activities across North America.
“The demand for baseload electricity is rapidly rising; we see immense growth potential for waste heat to power,” Jordan Peckham, founder and CEO of PaceZero, said. “Janice and the team at Kanin are best in class and mission aligned. We look forward to supporting them in bringing new commercial scale projects online.”
“Innovative financing like this is a powerful catalyst for the energy transition, helping accelerate clean energy deployment in hard-to-abate sectors,” Janice Tran, CEO of Kanin Energy, said. “Development capital is traditionally the hardest to access, yet it is absolutely critical in moving projects from concept to reality. We’re excited to partner with PaceZero to unlock the untapped potential of waste heat and deliver affordable, clean energy to our industrial partners.”
