Pivot Energy Secures Over $225 Million from Three Existing Lenders to Advance Community Solar Projects

DENVER, Dec. 17, 2025 – Pivot Energy (“Pivot”), a leading national renewable energy provider and independent power producer, today announced three important financing agreements totaling $225 million, showcasing the company’s continued momentum and commitment to scaling renewable energy production and distributed generation solar.

The financing includes:

• $170 million upsize to an existing construction warehouse facility with ATLAS SP (“ATLAS”) and First Citizens Bank (“First Citizens”), supporting a new portfolio of approximately 60 community solar projects, equivalent to 225 Megawatts (MW) in Illinois, Colorado, Maryland, Virginia, New York, Pennsylvania, Delaware, Michigan, and California.
• $40 million equipment facility with First Citizens, supporting purchases of domestically made solar panels from Silfab Solar Inc.
• $15 million corporate financing facility with Comerica Bank (“Comerica”).

This announcement follows Pivot’s $450 million debt warehouse facility secured last year, which was led by First Citizens and ATLAS and ranks among the largest-ever raised by a distributed generation solar company. With these new financing agreements, Pivot’s total financing in 2025 now stands at $435 million.

Despite federal policy headwinds, this additional $225 million in financing demonstrates the strength and resilience of leading solar developers and asset owners in attracting capital. Backed by Energy Capital Partners (“ECP”), one of the largest private owners of power generation, Pivot is positioned to continue scaling distributed generation nationwide. As demand for reliable energy grows, solar and storage remain the fastest deploying and most cost-effective solutions for meeting that need.

“We deeply appreciate the expanded commitments from ATLAS, First Citizens, and Comerica, proving the benefit of strong partnerships and that the momentum is strong for the renewable energy industry,” said Tom Hunt, CEO of Pivot Energy. “Pivot Energy continues to show its strength in its strategic diversity and plans to keep growing and building distributed generation projects that contribute to a reliable electricity grid, help lower electricity prices, and meet energy demand across the country.”

“Pivot continues to prove its ability to develop, build and manage community solar projects across diverse markets,” said Spencer Hunsberger, Head of Energy Origination at ATLAS. “ATLAS is proud to support Pivot’s growth during a dynamic policy environment by committing the majority of the recent warehouse upsize. This expanded facility helps unlock the next phase of growth for Pivot, and we look forward to seeing the impact of these projects in advancing clean energy goals nationwide.”

“We are pleased to continue to build upon our relationship with Pivot Energy,” said Mike Lorusso, Head of First Citizens Bank’s Energy Finance business. “Our team worked collaboratively to significantly expand the construction warehouse we closed last year, while structuring a long-term equipment financing facility that secures Pivot’s access to safe-harbored investment tax credits for years to come. With this latest financing, Pivot is well-positioned to accelerate growth and confidently execute its renewable energy pipeline.”

Read more about Atlas SP Partners and First Citizens Bank on PR Newswire.