Banking institutions support new energy storage

How can banks support nuclear energy?

He added that the support from the banks would help normalise nuclear energy as “part of the solution for climate change” rather than “a necessary evil”. Banks could support new plants by increasing direct lending and project finance to nuclear companies, arranging bond sales or introducing companies to private equity or credit funds.

How sensitive are banks about nuclear energy?

Nevertheless, there remains a high degree of sensitivity around the subject inside banks. Ahead of the event, participating banks sent non-binding commitments on nuclear energy to private sector partners, according to one person familiar with the announcement.

Why should banks invest in sustainable technology and business models?

New sustainable technologies and business models enable the banks’ clients to realise their transition plans, says Mr Borghans. “Banks can assist in financing the related capital expenditure investments, and advise on the required capital structure or potential merger and acquisition opportunities.

Did banks send non-binding commitments on nuclear energy to private sector partners?

Ahead of the event, participating banks sent non-binding commitments on nuclear energy to private sector partners, according to one person familiar with the announcement. But multiple banks declined to comment ahead of the event, underscoring this sensitivity, even as public opinion on nuclear energy in the US and Europe has become more favourable.

Are battery storage projects a good investment?

Battery storage projects are one of the most rapidly growing asset classes in the clean tech industry. Total battery storage capacity in the U.S. climbed to 12.7 gigawatts by the end of the second quarter of 2023, according to S&P Global, up 61% from the year before. Read more on Deutsche Bank’s net-zero targets

Which NZBA member banks have facilitated energy and Industry Day cop28?

On energy and industry day at COP28, the Net-Zero Banking Alliance is highlighting recent examples of financing provided or facilitated by NZBA member banks in these key sectors in developed and emerging economies. They are taken from NZBA’s recent 2023 Progress Update. Deutsche Bank arranges USD 670 million for battery energy storage in Texas