Energy Advantage at Prism Capital Partners’ ON3 Draws External Support

The 10 megawatt co-hybrid power plant at Prism Capital Partners’ ON3 is set for continued modernization, with the replacement of aging wood-structured cooling towers with modern fiberglass models. Prism secured financing through Peapack Private Bank & Trust to support the project. PSE&G provided energy efficiency incentives for cooling tower upgrades serving the broader ON3 campus infrastructure and offered an interest-free repayment option that allows Prism to repay the remaining project balance over time on its utility bill.