News Summary

Climate First Bank, recognized as the fastest-growing new bank in America since 2009, has financed two utility-scale battery energy storage systems along Virginia’s Eastern Shore. These systems, developed by Patterson Enterprises in partnership with battery manufacturer Great Power, provide a total of 20MW of power and 80MWh of storage, enhancing grid resilience and community sustainability. This initiative aligns with Virginia’s Clean Economy Act goal of achieving 100% clean energy by 2050. The projects support grid reliability, prevent blackouts, stabilize energy costs, and generate local revenue through voluntary donations and annual revenue sharing with local authorities. Climate First Bank’s involvement underscores its commitment to financing climate-resilient infrastructure, providing innovative banking products and services focused on sustainability.