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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA Releases Research – The Coming Charge: Energy Storage Impacts on Project and Corporate Credit Quality

August 24, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Aug 24, 2021--

Kroll Bond Rating Agency (KBRA) releases research on the potential impacts of energy storage technologies on project and corporate finance credit quality.

Key Takeaways

  • While energy storage technologies and use cases continue to evolve, there is broad consensus that the technology is likely to play an increasingly important role in facilitating a transition to a clean energy economy. As such, KBRA anticipates a growing number of energy storage project finance transactions and greater likelihood for electric utility companies to actively consider the technology as a key component of their long-term growth strategies.
  • Like other project finance transactions, KBRA evaluates energy storage projects based on their ability to generate revenues sufficient to cover future debt service obligations.
  • Given their relevance to the counterparty exposure and competitive position credit determinant within project finance transactions, KBRA monitors how both (1) federal regulatory and policy actions, and (2) energy supply and demand evolution may materially impact an energy storage project’s creditworthiness.

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Click here to view the report.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20210824005608/en/

CONTACT: Michael Alter, Associate Director

+1 (646) 731-1246

michael.alter@kbra.comAndrew Giudici, Senior Managing Director

+1 (646) 731-2372

andrew.giudici@kbra.comWilliam Cox, Senior Managing Director

+1 (646) 731-2472

william.cox@kbra.comBusiness Development Contacts

Michele Patterson, Managing Director

+1 (646) 731-2397

michele.patterson@kbra.comJason Lilien, Managing Director

+1 (646) 731-2442

jason.lilien@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 08/24/2021 10:13 AM/DISC: 08/24/2021 10:13 AM

http://www.businesswire.com/news/home/20210824005608/en