Connect with us

Technology

Plural and USDN Launch the Climate Capital Collaborative, a Financing Channel for Municipal Clean Energy Projects

Published

on

The collaboration is designed to give municipal clean energy projects a repeatable path to institutional capital after the loss of federal funding.

NEW YORK, Sept. 24, 2026 /PRNewswire/ — The Urban Sustainability Directors Network (USDN), a network of local government sustainability practitioners across North America, and Plural, a financial services firm for the builders of energy and digital infrastructure, today announced the Climate Capital Collaborative, designed to build a repeatable financing channel for municipal clean energy projects, working alongside Arizona State University’s Rob and Melani Walton Sustainability Solutions Service and execution partner Ezra, an AI-native capital advisor for allocators and issuers. The pilot begins with six projects across multiple states, with the first project currently in active diligence, and is designed to scale across USDN’s membership over time.

The partnership pools renewable energy projects into standardized portfolios that institutional lenders can finance.

Across state and municipal grantees, roughly 212 awards in 48 states—representing about $16 billion in total project funding, with roughly $12 billion in federal money obligated but never disbursed—were stranded by the rescission of Inflation Reduction Act funding under OB3, according to public federal award data. That funding had been awarded to help local governments plan and build clean energy and climate resilience projects, from solar installations to grid upgrades.

“Cities didn’t lose their clean energy projects or need for sustainable infrastructure, they lost the funding. There is enormous demand still there,” said Dr. Michael Dorsey, the Director and Chair of the Rob and Melani Walton Sustainability Solutions Service at Arizona State University (ASU) and Professor of Practice.

“As the world approaches an electron supply constraint, private capital interest in infrastructure is growing,” said Adam Silver, CEO and Co-Founder of Plural. “The problem isn’t a shortage of capital, it’s that these projects have never been packaged in a way institutional lenders can underwrite. Our job, alongside USDN, is to discover patterns across the network and build pools of similar projects that are investable, available to institutions, and administered on Plural’s platform.”

How the Climate Capital Collaborative Works
USDN holds the member relationships at the center of the pilot, working jointly with ASU, which brings technical project assessment, to screen and ready projects for financing. Plural then structures the transaction and builds the institutional diligence package as the deal’s capital markets arm with services provided via Plural Brokerage LLC, a FINRA member broker-dealer. As an SEC-registered transfer agent, Plural also handles origination, issuance, cap table management, debt service, transactions, and ongoing servicing. Ezra, Plural’s execution partner, brings distribution, connecting the resulting pipeline to a broad network of lenders.

Each project is financed at the project level through a special-purpose vehicle; the municipality itself is not the borrower, and the structure does not use municipal debt capacity or constitute municipal debt.

Individually, many of these projects are too small to justify a bank’s diligence budget. Aggregated and standardized, they can fit the mandates of infrastructure credit investors, who gain access to public-sector-backed sponsors with stable credit profiles and projects suited to long-term holds rather than short-term development-to-flip strategies.

The Climate Capital Collaborative’s Project Types and Scope
USDN’s network spans more than 250 cities and counties and more than 330 communities across the United States and Canada, representing the long-term addressable scope of the collaboration. The pilot is evaluating a range of project types, each selected for having a clear, financeable revenue stream, including:

Solar, including landfill and brownfield sitesSolar-plus-storageCommunity and municipal solar programsGeothermal district energy and building retrofitsMicrogrids and resilience hubsEfficiency and grid-edge upgrades

“No single city has the scale to bring a project like this to institutional investors on its own. This gives our members a shared path to the capital they lost to federal funding clawbacks,” commented Deneine Christa Powell, CEO of USDN.

Why Plural and Ezra
Plural was built to enable large-scale capital programs for projects. Rather than asking each city or county to originate a deal on its own, Plural structures a pipeline once and runs it as software for the life of the assets, with issuance, compliance, and servicing handled automatically. Ezra’s deep experience in lending markets further expands the network of lenders who can participate in the program. The goal is to give municipalities access to the same institutional capital markets infrastructure that has, until now, largely been reserved for developers with in-house finance teams.

What’s Next for the Climate Capital Collaborative
The collaboration was soft-launched today at Climate Week NYC. In the fourth quarter of 2026, the goal is to complete diligence on the first cohort of projects and bring the lead project to market, with the aim of a signed term sheet with a senior lender. A first close is targeted for late 2026 into the first quarter of 2027, with the aim of featuring it at USDN’s January 2027 convening. Looking to 2027, the goal is to convert individual placements into a standing financing channel operating against an agreed credit framework. These are goals, not projections; no terms are signed with any lender at this time.

ABOUT PLURAL
Plural is the financial services firm for the builders of energy and compute infrastructure. Purpose-built so developers building energy, compute, transportation, and adjacent assets can create a financial program once and deploy it at any scale, Plural combines banking and advisory services with proprietary software to structure, execute, and permanently run the capital programs that fund next-generation infrastructure. Plural’s subsidiary, Plural Brokerage, LLC is a FINRA Member broker-dealer and cap table management is provided via Plural Transfer Services LLC. The Plural Group has secured over $600M in investor commitments for its clients while managing the full asset lifecycle, from investor onboarding and compliance to distribution processing, secondary trading, and ongoing administration. The company’s team brings experience from Morgan Stanley, Goldman Sachs, Standard Chartered, EDF Renewables, and other leading institutions, having collectively raised or managed over $10B in infrastructure capital.

ABOUT USDN
The Urban Sustainability Directors Network (USDN) is a peer-to-peer network dedicated to advancing the field of local sustainability by supporting more than 3,000 local government professionals from 330 communities across the US and Canada that serve more than 111 million people.

ABOUT THE ROB AND MELANI WALTON SUSTAINABILITY SOLUTIONS SERVICE
The Walton Sustainability Solutions Service empowers businesses, governments and NGOs to create significant change through actionable knowledge and innovation. It connects members to a vast network of globally respected experts across the Arizona State University ecosystem to explore possibilities, develop strategies, pilot programs and scale systems that solve complex sustainability challenges.

MEDIA CONTACT
Tess Pawlisch
608-333-9788
plural@needlepr.com

IMPORTANT DISCLOSURES
Plural is a trade name for Plural Everything, Inc. and its subsidiaries. Securities-related products and services are offered through Plural Brokerage LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC. Transfer agency services are provided by Plural Transfer Services LLC, a transfer agent registered with the SEC. Plural Everything, Inc. is not a registered broker-dealer or transfer agent. Plural is not a bank, and does not accept deposits or extend credit as a bank.

This announcement is for informational purposes only. It does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall it constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any securities referenced were offered and sold in private placements exempt from registration under the Securities Act of 1933, as amended, were not registered under that Act or under any state securities laws, and may not be offered or sold absent registration or an applicable exemption from registration. Prior transactions are not indicative of future results.

Statements in this release that are not historical facts are forward-looking statements that reflect Plural’s current expectations. Such statements involve known and unknown risks and uncertainties, and actual results may differ materially from those expressed. Plural undertakes no obligation to update any forward-looking statement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/plural-and-usdn-launch-the-climate-capital-collaborative-a-financing-channel-for-municipal-clean-energy-projects-302889508.html

SOURCE Plural

Continue Reading

Technology

abrdn Global Infrastructure Income Fund Declares Distribution Dates and Amount

Published

on

By

PHILADELPHIA, Sept. 25, 2026 /PRNewswire/ — The abrdn Global Infrastructure Income Fund (NYSE: ASGI) (the “Fund”) announced today that it will pay the distribution indicated on a per-share basis on October 30, 2026, to all shareholders of record as of October 6, 2026 (ex-dividend date: October 6, 2026).

Ticker

Exchange

Fund

Amount

ASGI

NYSE

abrdn Global Infrastructure Income Fund

$ 0.2200

At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of the Fund’s distributions and provide information with respect to their appropriate tax treatment for the prior calendar year. 

The Fund’s distribution policy is subject to modification by the Board of Directors/Trustees at any time, and there can be no guarantee that the policy will continue. You should not draw any conclusions about the Fund’s investment performance from the amount of the distributions.

MANAGED DISTRIBUTION POLICY FUND
ANNOUNCES DISTRIBUTION PAYMENT DETAILS

abrdn Global Infrastructure Income Fund (“ASGI”)

The abrdn Global Infrastructure Income Fund (“ASGI”) today announced that the Fund will pay the distribution noted in the chart above on October 30, 2026, to all shareholders of record as of October 6, 2026 (ex-dividend date: October 6, 2026).

The Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital in reliance on an exemptive order granted by the Securities and Exchange Commission.

Under applicable U.S. tax rules, the amount and character of distributable income for the Fund’s fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), and related rules, the Fund may be required to indicate to shareholders the estimated source of certain distributions to shareholders.

The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions to be paid as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.

The Fund’s estimated sources of the current distributions to be paid and for its current fiscal year to date are as follows:

Estimated Amounts of Current Distribution per Share

Fund

Distribution Amount

Net Investment Income

Net Realized Short-Term Gains*

Net Realized Long-Term Gains

Return of Capital

ASGI

$0.2200

–

–

–

–

$0.2200

100 %

–

–

Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share

Fund

Fiscal Year** to Date Distribution Amount

Net Investment Income

Net Realized Short-Term Gains*

Net Realized Long-Term Gains

Return of Capital

ASGI

$0.2200

–

–

–

–

$0.2200

100 %

–

–

* includes currency gains
** ASGI has a 9/30 fiscal year end.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides the Fund’s total return performance based on net asset value (NAV) over various time periods compared to the Fund’s annualized and cumulative distribution rates.

Fund Performance and Distribution Rate Information

Fund

Average Annual Total Return on NAV for the 5-Year Period Ending 8/31/2026¹

Current Fiscal Period’s Annualized Distribution Rate on NAV²

Cumulative Total Return on NAV¹

Cumulative Distribution Rate on NAV²

ASGI

8.89 %

12.13 %

15.08 %

11.12 %

1 Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions at prices obtained under the Fund’s dividend reinvestment plan.
2 Based on the Fund’s NAV as of August 31, 2026.

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the distribution policy (the “Distribution Policy”).

The value at which a closed-end fund stock may trade on a public exchange is a function of external market factors that are not under the control of the Fund’s Board or Investment Adviser. Closed-end fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund’s premium to net asset value may not be sustainable and a fund’s discount to net asset value can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund’s dividend reinvestment plan should note that the reinvestment of distributions may occur at a premium to net asset value.

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Fund during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Fund, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.

The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expense ratio and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The Distribution Policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold for the purpose of paying the distribution. The Fund’s Board has the right to amend, suspend or terminate the Distribution Policy at any time.

The amendment, suspension or termination of the Distribution Policy may affect the Fund’s market price per share. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund’s investment return and principal value will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.

abrdn Global Infrastructure Income Fund | Aberdeen

View original content to download multimedia:https://www.prnewswire.com/news-releases/abrdn-global-infrastructure-income-fund-declares-distribution-dates-and-amount-302890358.html

SOURCE abrdn Global Infrastructure Income Fund

Continue Reading

Technology

TruTrade Showcases the Next Generation of Automated Trading Technology for Retail Traders

Published

on

By

SCOTTSDALE, Ariz., Sept. 25, 2026 /PRNewswire/ — TruTrade, a software company specializing in automated trading technology, is showcasing the latest generation of its technology designed to bring sophisticated trading automation to retail traders.

TruTrade‘s automated trading platform is designed to simplify how traders interact with the financial markets. Rather than requiring users to spend hours monitoring charts, identifying setups and manually managing positions, TruTrade’s technology is designed to automate key components of the trading process, including trade execution and position management.

The company’s latest technology reflects a broader evolution in automated trading, with an emphasis on making advanced automation more accessible to everyday traders regardless of their previous trading experience or time availability.

“Technology has completely changed what is possible for the individual trader,” said Brian Nutt, Co-Founder of TruTrade. “Our focus has been on developing institutional-grade automated trading technology that simplifies the trading process while giving retail traders access to a level of automation that historically was not readily available to them.”

TruTrade offers automated trading solutions designed for a variety of trading environments, including personal brokerage accounts, retirement accounts and supported proprietary trading accounts. The company’s technology ecosystem includes solutions for multiple financial markets and gives users the ability to select an automated approach based on their individual trading objectives.

As part of its focus on transparency, TruTrade is also providing prospective clients with access to recorded trading sessions demonstrating its automated trading technology in real-world market conditions. New demonstrations provide an opportunity to see how the technology executes and manages trades before speaking directly with the company.

TruTrade continues to invest in making automated trading technology easier to access, understand and use as automation plays an increasingly important role in the retail trading landscape.

To learn more about TruTrade and its automated trading technology, visit TruTrade.io.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trutrade-showcases-the-next-generation-of-automated-trading-technology-for-retail-traders-302890503.html

SOURCE TruTrade

Continue Reading

Technology

Tau Highlights Electrification Leadership at Climate Week NYC 2026

Published

on

By

IEEE / Columbia University fireside chat and 19 technical papers from Tau and its research partners highlight progress in software-defined power and the technologies enabling electrification at scale.

NEW YORK and REDWOOD CITY, Calif., Sept. 25, 2026 /PRNewswire/ — Tau Motors, Inc., a pioneer in software-defined power conversion, highlighted the technical depth behind its approach to electrification during Climate Week NYC 2026. The 19 technical papers reflecting research by Tau and its partners at the Columbia Center of Advanced Electrification (CCAE) are featured in the 2026 IEEE/CCAE Symposium on Advanced Electrification Systems program. During a fireside chat at the Columbia University event, Tau Founder and CEO Wesley Pennington discussed how integrating power electronics, electric machines, and software can accelerate electrification.

The research, developed by Tau and its partners at CCAE and featured in the symposium program, covers power conversion and control, electric machine modeling, energy storage, and grid-connected systems. The work reflects Tau’s sustained investment in power conversion, controls, and electric machine engineering, disciplines central to its Ion™ and Gamma™ platforms. The papers also highlight the breadth of Tau’s work across sustainable energy systems.

Tau’s Ion™ platform combines modular power electronics with firmware and software libraries to support applications across mobility, industrial equipment, energy infrastructure, and data centers. Its Gamma™ electric machine platform integrates machine design, power electronics, and controls to enable rare-earth-free motion.

At the September 25 symposium, Wesley Pennington, Founder and CEO of Tau, joined Matthias Preindl, Associate Professor at Columbia University and Tau’s Chief Scientist, for a fireside chat exploring the “electro-industrial stack” and what becomes possible when power electronics, electric machines, and software are designed together. The conversation examined how programmable architectures can improve system performance, reduce material dependencies, and accelerate deployment across transportation, industry, and digital infrastructure.

“Accelerating electrification means making the systems that convert and control power more efficient, more affordable, and easier to deploy,” said Pennington. “When power electronics, electric machines, and software are designed together, we can optimize the entire system. Tau is building the software-defined power platform to give industry greater control over performance, costs, and supply chains—and accelerate deployment at scale.”

The symposium featured speakers from organizations including GM Energy, Siemens, and the Port Authority of New York and New Jersey, alongside researchers and other industry participants.

Tau established CCAE alongside Columbia Engineering to connect advanced research with the practical requirements of industrial applications. The work addresses challenges that influence efficiency, reliability, and the ability to deploy electric systems across a wider range of uses.

About Tau
Tau Motors, Inc. is an advanced technology company accelerating electrification from electric vehicles to the grid and digital infrastructure. Its Ion™ and Gamma™ platforms combine power electronics, advanced controls, and hardware design to improve the performance, economics, and adaptability of electric systems. Drawing on deep expertise in systems engineering, Tau partners with industry leaders to rapidly develop and deploy products on its platforms across industries. For more information, visit taumotors.com.

Media Contact
Tau Media Office
media@taumotors.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/tau-highlights-electrification-leadership-at-climate-week-nyc-2026-302890524.html

SOURCE Tau Motors, Inc.

Continue Reading

Trending