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The funding will help the company modernize the electric grid and provide a path to decarbonization, says President and CEO Jason Few.
A deal with ExxonMobil is worth up to $60 million; the Danbury firm has also entered an 8-year, $200 million strategic corporate loan facility with Orion Energy Partners.
Its board said the move was made in the wake of "the company’s successful restructuring, including the right-sizing of the business, implementation of cost control measures, and pay off of substantial corporate debt.”
Jason Few is the president of Sustayn LLC, a Houston-headquartered cloud-based software waste and recycling optimization company.
Not only has the Danbury company been involved with a number of notable deals of late, but one of it senior executives has been named to Gov.-elect Ned Lamont's transition team.