Wells Fargo Grant Boosts New Financing Partnership between Elemental Excelerator and NYCEEC to Catalyze Climate Technology Innovation | PR Newswire [Video]

The collaboration will fund climate technology companies scaling solutions focused on community impact 

HONOLULU, /PRNewswire/ — Wells Fargo, together with Elemental Excelerator, a leading nonprofit climate technology investor, and the New York City Energy Efficiency Corporation (NYCEEC), a leading nonprofit green bank, have joined forces to launch a new debt financing program, called Capital Access for Climate Innovators. The Capital Access Program was created to pilot innovative lending and co-investing vehicles to catalyze climate technology projects with significant community benefits.  

This collaboration aims to address funding gaps faced by climate technology companies, and particularly those led by traditionally excluded founders. Elemental and NYCEEC are partnering to identify and provide capital to Elemental portfolio companies who face finance gaps on their path toward commercialization and where debt capital can catalyze scale. To support this effort, Wells Fargo has provided a $400,000grant, which will allow Elemental and NYCEEC to identify and share best practices and …