Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration services to Greenwave, a collaboration and energy solutions service platform centered around energy conservation, renewable, and smart energy.
Greenwave Opportunity Zone Fund seeks to help ensure clean water to residents in Opportunity Zones throughout the country. The Greenwave Fund invests in technology and green-based companies at the seed and early stages of their life cycle that helps get innovative businesses off the ground. As an example, Greenwave has an investment in a company that is testing the viability of a solar unit that can produce clean water. This innovative solar unit would have a number of potential applications on a global scale. Greewave also partnered with a Fortune 500 company to review and improve the company’s energy footprint across its U.S. facilities. Many of these facilities are located in Opportunity Zones.
“The intricacies surrounding our country’s electricity system are as complex as they come, and it will take innovative solutions to reduce the environmental impacts of our energy use,” said Jami Krynski, Greenwave’s CEO and Chairman. “That’s just one of the reasons why we selected NES Financial to administer this fund: their commitment to innovation, technology and helping the Opportunity Zone program to do the good it was intended to do matches our own.”
Read the full press release by clicking here.
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