Cleaner Tech

Billionaire Tom Steyer’s Galvanize to Offer Clean Energy Loans

Galvanize will add lending to its work investing in startups and decarbonizing buildings.

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By Will Wade and Saijel Kishan

August 14, 2024 at 5:47 PM UTC

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Billionaire Tom Steyer’s clean-energy investment firm is raising money to start a lending operation that will support the green transition.

Galvanize Climate Solutions LLC has already hired staff and expects to start offering loans to mid-sized companies and projects by the first quarter of next year, Steyer said Wednesday in an interview at Bloomberg News headquarters in New York. He declined to say how much capital he’s seeking to raise.