Unison Energy has closed a five-year, $120 million secured credit facility with JPMorgan Chase Bank to support the continued growth of its distributed energy and on-site power generation portfolio.
The facility also includes an additional $50 million accordion option, subject to credit approval, potentially providing Unison with additional capital as it develops and constructs new distributed energy projects.
Unison plans to use the financing both for its existing portfolio of energy assets and to fund development and construction of new projects.
The Greenwich, Connecticut-based company provides on-site power generation through an Energy-as-a-Service model for critical infrastructure facilities across North America.
Its customers include hospitals, data centers, food and beverage companies, industrial facilities, supply chain and logistics businesses, and hospitality organizations.
Unison designs, builds, owns and operates microgrids at customer locations. Its model is designed to reduce energy costs, improve resiliency during grid outages and lower carbon emissions without requiring customers to make upfront capital investments in the systems.
JPMorgan structured the new financing as a flexible warehouse-style facility.
The structure allows Unison to add and remove qualified projects from the borrowing base, subject to specified credit and operational requirements. That flexibility is intended to give the company a financing platform that can expand alongside its portfolio rather than requiring separate financing arrangements for each new project.
In addition to serving as lender, JPMorgan will act as Unison’s Hedging Provider and Depositary Bank for the transaction.
The financing follows a series of changes at Unison since Tiger Infrastructure Partners acquired the company in 2024.
Mariko Meier was appointed CEO in January 2026, while Al Dahya joined the company as CFO earlier this year.
Tiger Infrastructure has been working to expand Unison’s asset base, management team, and capital resources since making its investment.
The company has added new projects for multiple customers while investing in additional personnel to support its growth.
Unison and its investors see favorable conditions developing for distributed energy infrastructure as electricity demand rises and customers place greater emphasis on power reliability and resilience.
Those trends are particularly important for critical infrastructure and energy-intensive facilities where outages or constrained grid capacity can create significant operational risks.
The JPMorgan facility provides Unison with additional capacity to build new on-site generation projects as it seeks to expand its presence across those markets.
Support: Norton Rose Fulbright advised Unison on the financing. Milbank advised JPMorgan, while Black & Veatch served as Independent Engineer.
KEY QUOTES:
“Closing this financing with JPMorgan is a stepping stone for us, not an end point. Now the real work begins: putting this capital to work growing Unison and building new projects that power some of America’s most important places. We are excited to partner with JPMorgan who can bring the capital we need to support our long-term growth ambitions.”
Al Dahya, CFO of Unison Energy
“JPMorgan’s support of Unison is a clear validation of the Unison strategy and the new leadership at the company. Unison is a growing company with positive macro tailwinds behind its business model, including surging power demand and an increasingly unstable grid. Since Tiger Infrastructure’s initial investment in 2024, we have implemented our value creation playbook focused on assets, people and capital. Unison has increased its asset base with new projects for multiple customers and we have invested heavily in the company’s human capital to help it scale. This credit facility reflects the company’s maturing capital structure and will enhance Unison’s ability to serve its varied customer base.”
Marc Blair, COO and Senior Managing Director of Tiger Infrastructure Partners
“JPMorgan is grateful for the opportunity to work with Unison Energy and Tiger Infrastructure Partners on this important financing. This transaction highlights the strength of our partnership, and we look forward to supporting Unison’s next phase of growth.”
Allyson Goetschius, Executive Director of JPMorgan
