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- Leonid Capital Partners Provides $12MM Credit Line to Zeno Power
Leonid Capital Partners Provides $12MM Credit Line to Zeno Power
Slice of Energy Team
August 15, 2024
Key Highlights:
Leonid Capital Partners provides $12MM revolving line of credit to Zeno Power.
Zeno Power transforms nuclear waste into sustainable energy for space and terrestrial use.
Zeno holds over $60M in contracts with NASA, U.S. Navy, and U.S. Space Force.
Leonid's financing supports innovative, environmentally impactful technologies.
Source (Business Wire)
Notable Quote:
“Zeno Power is providing clean, sustainable energy for U.S. space and terrestrial missions and introducing a new category of power systems to the commercial market. We are proud to partner with them as they provide this unique and innovative technology to both government agencies and private sector firms in the United States.”
Our Take:
Leonid Capital Partners' decision to provide a $12MM revolving line of credit to Zeno Power is a significant move that underscores the growing importance of sustainable energy solutions in both government and commercial sectors. Zeno Power's innovative approach to transforming nuclear waste into reliable power for critical environments aligns perfectly with Leonid's mission to support groundbreaking technologies that address urgent national security and environmental challenges. This partnership not only strengthens Zeno's capabilities but also reinforces Leonid's position as a pivotal financial enabler in the tech-driven, government-focused investment landscape.