Greenbacker Bets on Solar-Storage Developer Telyon

• Greenbacker invests in Telyon to support its solar, storage, and EV charging projects. Telyon has a near-term dev. opportunity of 400 MW and a 1.2 GW pipeline. Greenbacker also acquired a 30-MW/120-MWh battery energy storage system in Imperial County, California. The new funds will help increase Telyon's capacity and reach.

Greenbacker has taken a significant minority stake in Telyon, a renewable energy assets developer based in Connecticut, to support the growth of its current and future solar, storage, and electric vehicle charging infrastructure projects. Telyon has over 400 MW of near-term development opportunities and a pipeline of over 1.2 GW. In June, Greenbacker acquired its largest standalone battery storage asset, a 30-MW/120-MWh battery energy storage system (BESS) project in Imperial County, California. The new funds will be used to increase headcount and brand awareness, and to execute its growing pipeline of projects.

What Opportunities Does Telyon Offer with Greenbacker's Stake?

• Telyon offers a platform for renewable energy project development, including development of solar, storage, and electric vehicles charging infrastructure.
• Telyon has over 400 MW of near-term development opportunities and a pipeline of over 1.2 GW.
• With Greenbacker's stake, Telyon will have access to greater resources for expanding into new markets, increasing headcount and brand awareness, and executing its projects.
• Telyon's experienced team of development professionals will be supported in the development of projects, from concept to operational status.
• Telyon and Greenbacker will leverage their combined resources and expertise to acquire, develop, and manage renewable energy assets.
• The partnership will also provide Telyon with access to Greenbacker's portfolio of renewable energy projects, allowing them to further diversify their project development capabilities.