On April 25, 2024, On.Energy, a fully integrated energy storage solutions provider and Independent Power Producer (IPP), announced the closing of a $25 million senior secured first lien facility with Lombard Odier Investment Managers (LOIM) on behalf of funds under its management, including the LOIM Sustainable Private Credit Strategy. Wilson Sonsini Goodrich & Rosati advised On.Energy on the transaction.

Proceeds from the transaction will be used to support On.Energy's U.S. asset base expansion across California and Texas, which will bring critically-needed and resilient energy storage capacity online.

The Wilson Sonsini team that advised On.Energy on the transaction includes Scott Zimmermann, Jason Slagle, Jessica Remlinger, and Max Learner.

For more information, please see On.Energy's news release.