87 Wells Fargo renewable energy and clean tech products include: • Tax-equity investments and lease financing – The Renewable Energy & Environmental Finance (REEF) team’s approach to project finance is relationship based . We work with leading, high-quality, trusted developers, and collaborate with them on multiple projects . • Corporate banking – Offers loans (project financing, loans, and letters of credit), capital markets (debt and equity), merger & acquisition advisory, and other financial services (derivatives and treasury management, among others) to renewable power projects/companies and other businesses focused on helping the transition of the energy value chain . • Asset-based lending – Wells Fargo Capital Finance provides asset-based, revolving lines of credit and term loans in support of high-growth emerging businesses in the renewable energy and other clean tech sectors looking to expand into the U .S . The Wells Fargo Innovation Incubator In addition to providing sustainable finance through our lines of business, we support clean technology innovation and entrepreneurship through strategic philanthropy and community partnerships . The Wells Fargo Innovation Incubator (IN²) is a $50 million collaboration with the United States Department of Energy’s National Renewable Energy Laboratory (NREL) that aims to speed the path to market for technology startups focused on sustainability and resiliency in the built environment, as well as sustainable agriculture . IN² harnesses the world-class expertise and facilities at NREL and the Donald Danforth Plant Science Center * to support promising startup technologies referred through a network of channel partners . This network includes some of the nation’s foremost clean technology and agriculture incubators, accelerators, and university programs . Companies selected to participate in the program receive $250,000 non-dilutive grants to validate their technologies, and secure the priceless benefit of business connections across the entire IN2 ecosystem . As of March 31, 2021: • 46 companies have participated in the IN2 program • $568 million in external funding raised • 476 jobs created by these companies • 9 have merged with or been acquired by other companies The Center for Climate-Aligned Finance The financial sector’s role in the global sustainability agenda is a critical component that will help drive climate-aligned solutions with a growing focus on the implementation of the Paris Agreement in real economy sectors . In July 2020, Rocky Mountain Institute (RMI), a leading global clean energy nonproft, announced the launch of the Center for Climate-Aligned Finance in collaboration with Wells Fargo, Goldman Sachs, Bank of America, and JPMorgan Chase . The Center will be independently administered by RMI and *We do not control this website . Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website .