On Tuesday, Shares of Citigroup Inc. (NYSE:C), gained 0.50% to $54.72.
Kilowatt Financial, declared that it recently expanded a debt warehouse facility with Citi to $225 million from $100 million to finance energy efficiency improvements for homeowners.
Kilowatt has two separate debt warehouses with Citi totaling $425 million of committed capital: the $225 million energy efficiency loan warehouse and a $200 million solar loan warehouse, declared in April 2015.
The expanded warehouse facility will support Kilowatt’s mission to enable consumers to finance a broad range of improvements that assist make their homes more energy efficient, from common upgrades such as windows, HVAC and insulation, to more innovative measures, counting home energy storage systems, electric vehicle chargers and geothermal systems. Kilowatt’s financing products require no money down and provide loan terms of up to 12 years at competitive interest rates. Kilowatt works directly with contractors and corporate sponsors to offer its financing programs to consumers throughout the country.
Kilowatt Financial provides consumers with affordable financing choices for residential solar systems and energy-efficient home improvements so that more people can run their homes cleanly and economically.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Marathon Oil Corporation (NYSE:MRO), declined -0.04% to $27.08, during its last trading session, despite oil prices rose to the highest level of the year Tuesday on a weaker dollar and expectations of a fifth straight weekly decline in U.S. crude supplies.
Energy stocks jumped as the price of oil continues to climb. U.S. benchmark crude was up 1.9% to $61.35 a barrel on the New York Mercantile Exchange.
Marathon Oil Corporation operates as an energy company. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.
At the end of Tuesday’s trade, Shares of Duke Energy Corporation (NYSE:DUK), lost -1.25% to $75.05.
Duke Energy, LG Chem and Greensmith will team up to build a battery-based energy storage system in Ohio, designed to enhance reliability and enhance stability on the electric power grid, the companies declared recently.
Duke Energy, the nation’s largest electric utility, presently owns nearly 15 percent of the grid-connected, battery-based energy storage capacity in the U.S., according to independent research firm IHS Energy.
The new 2-megawatt (MW) storage project will assist in regulating electric grid frequency for PJM, the transmission organization that powers much of the eastern U.S.
The system will be built at Duke Energy’s stepped down W.C. Beckjord coal-fired power plant in New Richmond, Ohio, and is predictable to be operational by late 2015.
It continues Duke Energy’s exploration of energy storage solutions and their potential for broad adoption.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
Finally, California Resources Corporation (NYSE:CRC), ended its last trade with 6.51% surge, and closed at $8.18.
California Resources Corporation, declared that its executives will be participating in the following forthcoming conferences: Bank of America Merrill Lynch Global Energy and Power Leveraged Finance Conference on June 3rd in New York City; Tudor, Pickering and Holt Energy Conference on June 17th in Houston and the GHS 100 Energy Conference on June 23rd in Chicago.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
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