Plural Energy, a two-year-old tokenization firm, aims to make it easier for mid-sized renewable energy projects to secure financing by enabling them to raise funds from investors on the blockchain. The company offers four types of products, including small-scale asset-backed instruments, development-stage renewables, operating renewables, and more unusual projects such as a bitcoin mine built on a solar plant. Plural has already given the green light to five deals worth a total of $40 million, and the platform currently has around $150 million in assets to bring on board in the coming months. The company's business model and technologies streamline the fundraising process and provide transparency, while also offering innovative payment options and the possibility of using tokenized securities in the broader crypto economy.
- Content Editor ( coindesk.com )
- 2025-01-10
It’s Hard to Fund Midsize Green Assets. This Tokenization Startup Wants to Change That