Case studies
Elastic partners with Enduring Planet to scale solar development
Elastic is transforming power infrastructure development with a unique combination of fixed-cost engineering services and turnkey project execution. Amidst the U.S. power crisis, Elastic has engineered over 1GW of solar projects since launching in April 2023. By leveraging a proprietary engineering network in Mexico, they deliver high-quality engineering at 70% lower costs while expanding into construction services. To accelerate this transition, Elastic needed capital tailored to their growth. That’s where Enduring Planet came in.
Elastic partnered with Enduring Planet to:
- Fund construction costs for a 1.2MW solar power plant, expanding into turnkey execution
- Maintain profitability and optimize capital efficiency while scaling rapidly
- Secure project-specific, non-dilutive financing without personal guarantees
Elastic chose Enduring Planet for our fast, flexible financing, designed to support climate infrastructure at scale. Unlike traditional lenders, we understood the complexities of their engineering-to-construction transition and provided capital without personal guarantees or delays.
With Enduring Planet's support, Elastic funded construction for a 1.2MW solar plant commissioned by the Hancock County Utility Authority in Mississippi, expanding beyond engineering into turnkey execution. This investment allowed Elastic to quickly scale operations, create jobs, and accelerate renewable energy deployment while maintaining cash flow.
"Enduring Planet was the ideal financial partner for us. Unlike traditional receivables finance lenders who required extensive education about our contracts, the EP team immediately grasped our value proposition and streamlined the underwriting process."
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