Dalrada Energy Services partners with Banyan Infrastructure to improve ESG Banking Transparency
By Edlyn Cardoza
Dalrada Corporation recently announced its clean energy subsidiary, Dalrada Energy Services (DES), which has entered a strategic partnership with Banyan Infrastructure, a San Francisco-based software company. The partnership provides a secure cloud-based software as a service (SaaS) solution for DES sustainable infrastructure and renewable ESG projects, improving banking transparency.
With increased transparency, lenders and investors can securitise deals with greater ease. Digitising traditionally static documents, Banyan Infrastructure’s secure SaaS platform aggregates and contextualises disparate data sources and streamlines workflows across multiple counterparties to ensure the contractual compliance of each entity in a DES-ESG contract.
“Partnering with Banyan Infrastructure gives DES a 360-degree view of the financial components of its ESG contracts across IoT monitoring systems, bank accounts, and other asset management applications,” said DES President Tom Giles. “This capability ensures that our ESG clients meet net-zero goals and contractual obligations with complete transparency, while also saving money and receiving higher quality service.”
The partnership is expected to boost loan transparency and expedite internal communication, allowing for the origination, service, and syndication of loans for infrastructure projects at a higher volume and lower cost.
According to Banyan Infrastructure CEO Will Greene, “Green energy investors and lenders can now accelerate decision making and simplify workflow complexity with Banyan Infrastructure’s secure online platform. The result is improved financing costs and new avenues for green energy liquidity, allowing rapid ESG installations by Dalrada Energy Services worldwide.”
DES advanced technology solutions include products that will enable institutions, industries, businesses, and government agencies to implement long-term clean energy and net-zero sustainability initiatives by or before 2050.
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