Hannon Armstrong Sustainable Infrastructure Capital Inc., commonly known as Hannon Armstrong, is a U.S.-based specialty finance company. It was founded in 1981 and is headquartered in Annapolis, Maryland. Hannon Armstrong specializes in providing financing solutions for sustainable infrastructure projects that focus on energy efficiency, renewable energy, and climate change mitigation.
The company operates as a Real Estate Investment Trust (REIT) and focuses on investments in sustainable infrastructure assets. These assets include energy efficiency projects, renewable energy projects like wind and solar, and other projects that contribute to reducing carbon emissions and promoting environmental sustainability.
Hannon Armstrong primarily generates revenue by investing in projects and then earning income through long-term contractual agreements. These agreements typically involve project developers or utilities that provide cash flows based on the energy savings or power generated by the projects. The company's investment strategy involves financing projects that are expected to deliver steady cash flows over an extended period.
Hannon Armstrong went public in April 2013, offering its shares on the New York Stock Exchange under the ticker symbol HASI. The initial public offering (IPO) allowed the company to access public capital markets to support its growth and investment activities. Since going public, Hannon Armstrong has expanded its portfolio of sustainable infrastructure assets and has played a significant role in financing projects that contribute to a cleaner and more sustainable future.
The company has a strong track record of supporting projects that address climate change and promote environmental sustainability. Its investments have helped in reducing greenhouse gas emissions, improving energy efficiency, and supporting the transition to renewable energy sources. Hannon Armstrong's expertise in sustainable infrastructure financing has made it a trusted partner for developers and investors in the renewable energy and energy efficiency sectors.