Saratoga Springs, N.Y.-based Atlantic Energy Solutions Inc. has entered into a term sheet with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small-cap companies in helping them achieve their growth objectives.
Trafalgar is committing up to $10 million over a two-year period, with initial funding of $2.5 million to Atlantic Energy Solutions to support the company's growth initiatives. This commitment will enable Atlantic Energy Solutions to draw upon the financial resources of Trafalgar based upon key financial performance objectives of the company.
Atlantic Energy Solutions' projects currently involve the deployment of green technology in solar power, wind turbine plants, co-generation plants and geothermal, as well as traditional energy efficiency opportunities, which are some of the key building blocks to the company's future.
SOURCE: Atlantic Energy Solutions Inc.