Cit serves as sole lead arranger of financing for swell energy's commercial behind-the-meter energy storage projects

New york , aug. 2, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that its power and energy business served as sole lead arranger of financing for the development of swell energy's pipeline of new behind-the-meter commercial energy storage projects in california. the borrower, a subsidiary of swell energy inc., is developing over 100 behind-the-meter energy storage projects on commercial properties across california.
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