Energy efficiency meets banking agility.

Ecoplexus Case Study

Client Since: 2011

“As a growing business, we wanted a creative and agile banking partner that could understand our market and enable us to build projects.” ~Erik Stuebe, Ecoplexus

“First and foremost, Bridge Bank understood solar and solar project finance. They were comfortable with all aspects of it. They were also comfortable with multi-family affordable housing and, in particular, the way the projects were funded from both an incentive and a tax perspective. They brought those areas of expertise to the table and were able to respond very quickly in helping us to structure a program that would work.” ~Erik Stuebe, Ecoplexus

Ecoplexus designs, builds and operates solar facilities for city and state governments, commercial and industrial customers, multi-tenant property owners and utilities markets.

In 2011, they needed help financing a solar power project with Valencia Gardens, a multi-family affordable housing residence in the Mission District of San Francisco.

They were looking for a banking partner with domain experience and the responsiveness to turn funding around quickly. When they approached us, they found that we had a deep understanding of both the solar industry and the affordable housing market.

We were also game to fund a smaller project—something not all banks are interested in doing. We saw the potential for an alternative energy model that could be used in other low-income communities in the U.S. and abroad. And, of course, we saw the success of Ecoplexus’s other projects—saving millions of kilowatts, acres of trees and hundreds of thousands of dollars.

We’re proud to report that Valencia Gardens has become one of the largest virtual net-metered projects in the United States. It offsets 82% of the monthly electricity bills for over 260 low-income residents. A big step in changing the world, indeed.

If you have a bold, game-changing idea, a business in an emerging market or need financing that requires some alternative thinking, please call us. We’d love to talk.

How can Bridge Bank help you with your banking needs?

Fill out the form below and a Bridge Banker will be in touch soon.

 

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

Despite U.S. Federal Reserve Chair Janet Yellen earlier indicating every meeting of the Federal Open Market...

The U.S. economy experienced modest growth in the second quarter this year, with the U.S. Department of Commerce...

The city of Wilmington, Delaware, will be the home to a...

When it comes to market performance for investors, venture capital has staked its claim as the leader. According to...

Seeking out venture capital investment requires a careful attention to detail and a firm grasp of the underlying...

The complexity of transitioning to an Employee Stock Ownership Plan (ESOP) can be intimidating, says Elisabeth C....

Before a bank can help you identify products and services that can make your business run more efficiently, you need...

While some economists and market watchers are fretting over the way crowdfunding and super angels are upending the...

First-time entrepreneurs launching their initial startup company are no doubt overwhelmed by a huge variety of...

Silicon Valley tech funding is venturing into unchartered territory.  According to the PitchBook 2Q 2015 PE...

Recent News

08/21/15
Last week’s devaluation of the Chinese Renminbi has continued to keep the foreign...
07/28/15
The Euro opened the week stronger within an overall risk-off context climbing from...
07/24/15
Well things have slowed down a bit in the currency markets this week with the Greek...
07/17/15
Another exciting week in the foreign exchange markets comes to an end today with...
07/10/15
While nothing has ‘really’ changed with the Greek situation, plenty has happened...
07/02/15
If you happen to be growing tired of ‘Grease’ lyrical references, imagine how tired...
06/30/15
PHOENIX - Western Alliance Bancorporation (NYSE: WAL) today completed its merger...
06/26/15
In a fairly uneventful week in terms of economic data, the Greek situation was at...
05/21/15
Michael Hengl and Ryan Banta to lead new teams at Bridge Bank San Jose, CA – May 19...
05/19/15
San Jose, CA – May 19, 2015 – Bridge Capital Holdings (NASDAQ:BBNK), whose...

Twitter

Featured Insights

Featured Insight

The complexity of transitioning to an Employee Stock Ownership Plan (ESOP) can be intimidating, says Elisabeth C....

Featured Insight

Before a bank can help you identify products and services that can make your business run more efficiently, you need...

Featured Insight

Business leaders struggling to decide between raising debt vs. equity as the best path to growing their business...

Recent News

Despite U.S. Federal Reserve Chair Janet Yellen earlier indicating every meeting of the Federal Open Market...

The U.S. economy experienced modest growth in the second quarter this year, with the U.S. Department of Commerce...

The city of Wilmington, Delaware, will be the home to a...

Twitter