Catalyze Secures $400 Million Financing to Support Distributed Energy Portfolio

1 minute read | April.29.2025

Catalyze has secured a $400 million multiyear debt facility from global investment firm ATLAS SP Partners. The financing will support the expansion of its commercial and industrial, community solar and battery storage project portfolio across the United States.
Orrick represented Catalyze.

THE COMPANY

Catalyze is a fully integrated developer and Independent Power Producer (IPP) specializing in distributed renewable energy assets. The company utilizes proprietary technology to deliver flexible energy solutions tailored to commercial and industrial property owners.

THE IMPACT

The debt facility will provide Catalyze with the flexibility needed for its growth strategy while streamlining the financing of future projects. ATLAS’ financing will support Catalyze’s expanding project portfolio, which consists of 300 MWs in operation and construction, as well as more than 1 GW of additional investment opportunities within its growing project development pipeline.

“This facility is a critical milestone for Catalyze in our strategy to scale distributed renewable energy solutions for businesses and communities across the United States and will enable us to double in size by the end of the year, reaching 300MW in operation,” said Jared Haines, CEO of Catalyze.

THE TEAM

The Orrick team that advised Catalyze included Lisa Magged, Louise Gibbons, Lorraine McGowen, Trudie Makens, Ejemen Ofoman, Sara Forden and Sarafina Joseph.

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Lisa Magged Partner, Energy & Infrastructure, Renewable Energy

San Francisco

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D:+1 415 773 5616
E: lmagged@orrick.com

Practice:

Energy & Infrastructure Sector
Energy & Infrastructure
Renewable Energy
Solar Energy
Energy Storage
Wind Energy

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Lisa Magged Partner

San Francisco

Lisa has significant experience in the renewable energy sector, including with respect to wind, solar (utility scale and distributed generation), storage, and waste to biofuel projects.

She regularly represents project developers and investors in energy project finance transactions, including tax equity and debt financing, preferred equity financing, joint ventures, private placements, and a broad range of corporate matters.

Lisa is on the Board of the San Francisco Bay Area Chapter of WRISE (Women of Renewable Energy and Sustainable Industries), and also has an active pro bono immigration practice representing undocumented victims of crime in obtaining U visas. Prior to practicing law, Lisa was a senior analyst with a policy consulting firm.

Louise Gibbons Partner, Energy, Renewable Energy

San Francisco

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D:+1 415 773 5734
E: lgibbons@orrick.com

Practice:

Energy & Infrastructure Sector
Energy
Renewable Energy
Mergers & Acquisitions

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Louise Gibbons Partner

San Francisco

From the latest tax credit transfer and hybrid structures to the full suite of debt and tax equity financings, preferred equity financings, selldowns and investments, she takes a collaborative and relatable approach to close the deal. She advises a range of renewables and energy transition industry participants, from project developers, sponsors, borrowers, lenders, investment banks, private equity funds and other capital providers and investors. She works with a range of asset classes, including among others, wind, solar, battery storage, hydrogen and renewable natural gas.

Louise was recognized by Chambers USA Nationwide Projects: Power & Renewables: Transactional in 2024, where clients describe her as "excellent," "very thorough," "detailed" and "pragmatic." She was named by Legal 500 as a Next Generation Partner in Energy Transactions: Electric Power in 2024 and noted for her “work in project finance and M&A work on transformative, first-in-kind renewable energy projects.”

As an All-American College sailor, Louise has pursued her interest in law of the sea and international laws throughout her career. She is translating this experience into differentiated advice for clients in the burgeoning U.S. offshore wind market.

Lorraine McGowen Partner, Restructuring, Bankruptcy Litigation

New York

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D:+1 212 506 5114
E: lmcgowen@orrick.com

Practice:

Finance Sector
Restructuring
Bankruptcy Litigation
Municipal Restructuring and Insolvency
Energy & Infrastructure
Mergers & Acquisitions
Structured Finance
Higher Education and Student Loan Financing

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Lorraine McGowen Partner

New York

Lorraine brings 30+ years of legal experience in bankruptcies, out-of-court restructurings, sovereign debt restructurings and creditors' rights controversies. She interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents. She also regularly provides commercial law and bankruptcy advice in connection with securitization, M&A, energy & infrastructure and general corporate transactions.

Lorraine has represented various stakeholders in bankruptcies, workouts, distressed debt transactions, sovereign debt restructurings, bankruptcy litigation, derivatives and distressed acquisition matters such as Suriname, Belize, Puerto Rico, Takata Corporation, Windstream, GTT, Brazos Electric Power Cooperative, Lehman, MF Global, Indiana Toll Road, Chemtura Corporation, Tronox Incorporated, South Bay Expressway, American Dream School, Detroit, General Motors and Stone & Webster.

Lorraine is Partner in Charge of Orrick’s global Inclusion & Belonging Initiatives. She previously served two terms on the firm’s 11-member Board of Directors and as a member of the Management Committee, and she also previously chaired the Restructuring Group.

As a leading Inclusion & Belonging advocate, Lorraine creates programs for the legal profession and the community. She was selected as a 2019 Rainmaker by the Minority Corporate Counsel Association (MCCA), 2025 Private Practitioner of the Year by the Metropolitan Black Bar Association, as one of Savoy Magazine’s Most Influential Lawyers for 2024, 2022, 2018 and 2015, and received Legal Outreach’s Pipeline to Diversity 2017 Champion Award and the New York City Bar Association Diversity and Inclusion 2012 Champion Award. IFLR1000 Rankings named Lorraine a leading lawyer in the U.S. She was selected by Direct Women to be a 2016 Board Institute member. She is a frequent speaker and author on bankruptcy and insolvency and diversity and inclusion.

Among her community involvement, she is a former Vice President and Board Member of the New York City Bar Association and currently co-chairs the City Bar's Digital Assets Task Force. She serves on the Board of Directors for the Institute for Inclusion in the Legal Profession and the New York Lawyers for the Public Interest, where she is chair of the board, and on the Advisory Committees for Legal Outreach and the Vance Center for International Justice of the City Bar, where she serves as co-chair of the Advisory Committee of the Vance Center.