Y Energy has secured a capital commitment of up to $3.5 million for the development of 2020 solar projects. Y Energy will operate and manage the projects after completion.

This marks yet another important milestone in our company's very young history. As we have come to understand the implications of the CARES Act, and its 5-year net operating loss carryback provision in particular, we have positioned ourselves to meet the influx of demand we are currently experiencing.

The funds are earmarked largely for commercial PPAs and community solar.