
Development capital positions Catalyst Power to deploy distributed commercial-scale Combined Heat and Power (CHP)
NEW YORK, Sept. 10, 2026 /PRNewswire/ -- Catalyst Power Holdings LLC ("Catalyst Power"), an independent provider of retail power and cleaner energy solutions for the commercial and industrial sector, today announced the closing of a $15 million revolving credit facility with East West Bank. Running through 2029, the facility will be used to develop and execute the initial phase of the Company's pipeline of distributed Combined Heat and Power (CHP) and solar projects.
"Energy costs are rising, the grid is under real strain, and onsite generation has gone from a nice-to-have to a central part of the answer," said Gabriel Phillips, CEO of Catalyst Power. "Smart businesses aren't waiting for the grid to catch up. We appreciate East-West Bank recognizing the opportunity. This financing lets us greatly expand distributed CHP and deliver cost savings, greater efficiency, and lower emissions to commercial and industrial customers."
The facility is the first of its kind for commercial-scale CHP and reflects a broader shift in how capital markets view distributed generation. Meeting the country's growing power demand will take an all-hands-on-deck approach, and lenders increasingly see onsite generation as a scalable, financeable part of the solution rather than a niche or unproven asset class.
Catalyst's commercial-scale CHP systems achieve ultra efficiency through utilizing the waste heat from onsite electricity generation to heat and cool buildings and water, raising thermal efficiency to 70–80%.
Businesses interested in partnering with Catalyst Power or learning more can contact the company at: https://catalystpower.com
About Catalyst Power:
Catalyst Power is an energy supplier helping commercial and industrial customers reduce energy costs and enhance budget certainty. Its offering is built around a blended supply model that combines onsite generation from energy-producing assets it builds, owns, and operates at customer sites with market-based retail electricity. Operating across deregulated markets in the Northeast, Mid-Atlantic, and Midwest, Catalyst serves customers in 12 states and 41 utility territories and continues to expand its footprint. The company is backed by DRW Holdings and BP Energy Partners and supported by a dedicated operations and maintenance platform that ensures performance, reliability, and long-term asset optimization. Catalyst serves more than 8,500 customers across manufacturing, industrial, multifamily, hospitality, higher education, commercial real estate, and other energy-intensive sectors.
For more info: www.catalystpower.com.
SOURCE Catalyst Power
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