Pathward and Avolta partnership brings two renewable natural gas projects at Arizona dairy farms to realization

The membrane skid is a portion of the upgrading equipment necessary to treat the gas at the Butterfield Dairy facility. Photo credit: Avolta

Pathward's Vice President of Alternative Energy Finance, Jon Ellis, attended the ribbon-cutting events.

Ellis shared, "The RNG projects at the Arizona dairy farms demonstrate the type of projects in the renewable energy marketplace that Pathward can help bring to life through our flexible capital solutions. Pathward is a market leader committed to financing alternative energy projects that a lot of other banks are not able to finance, and we are honored to have been selected to collaborate with Avolta to bring these projects to fruition."

Siegel added, "Pathward has been great to work with, and we appreciate their creativity, support and partnership through the entire process."

The number of stakeholders required to successfully deliver these projects was extensive, including the dairies, Avolta, investors, numerous equipment manufacturers, the construction contractor, Southwest Gas, and U.S. Gain. With Pathward's financial stewardship, Avolta shared that the new facilities inject ultra-low carbon fuel into the natural gas pipeline for use in the transportation sector, helping the state work toward stringent emissions goals. Additionally, Avolta stated that the projects have provided the dairies with optimized waste management solutions, new revenue streams and significant carbon emission reductions.

Pathward's Commercial Finance business line has flexible payment options that assess a business' risk based on account strength and volume rather than total revenue. The flexibility and creative solutions Pathward offers allow it to work closely with businesses to solve their finance needs outside of traditional commercial loans.

Pathward's Commercial Finance products include working capital, equipment finance, structured finance and insurance premium finance solutions, encompassing both conventional and government guaranteed lending. With representatives across the country and in Canada, Pathward helps industries nationwide including transportation, manufacturing, staffing, renewable energy, insurance agencies, technology, oil and gas services, construction and distribution.

Contact Pathward so that we can connect you with a representative who can help you find the right financing solution for your business.

About Pathward®

Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide end-to-end support to individuals and businesses. Learn more at Pathward.com.

About Avolta

Avolta is an execution focused developer of renewable natural gas projects that brings a full suite of capabilities to project development including identifying potential development targets, performing financial and operational due diligence, securing gas rights, obtaining off-take agreements for gas and environmental credits, and project financing. Avolta and its partners remain involved throughout the development life cycle of a project including managing ongoing operations. This approach provides new economic opportunities and reduces the impact on the environment for years to come. Learn more at www.avoltadevelopment.com.