TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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August 13, 2025
Source: PR Newswire
TORONTO, Aug. 12, 2025 /PRNewswire/ - PaceZero Capital Partners ("PaceZero") announced today that it has entered into a committed credit facility with Kanin Energy ("Kanin"). The funding will support Kanin's continued waste heat to power project development activities across North America.
"The demand for baseload electricity is rapidly rising; we see immense growth potential for waste heat to power," said Jordan Peckham, Founder and CEO of PaceZero. "Janice and the team at Kanin are best in class and mission aligned. We look forward to supporting them in bringing new commercial scale projects online."
Founded in 2020, Kanin Energy is a clean energy project developer focused on decarbonizing heavy industry by transforming industrial waste heat into baseload carbon-free power. Kanin's core offering is the development of waste heat to power (WHP) projects for heavy industry sectors such as natural gas, cement, refineries, steel, and other metals.
"Innovative financing like this is a powerful catalyst for the energy transition, helping accelerate clean energy deployment in hard-to-abate sectors," said Janice Tran, CEO of Kanin Energy. "Development capital is traditionally the hardest to access, yet it is absolutely critical in moving projects from concept to reality. We're excited to partner with PaceZero to unlock the untapped potential of waste heat and deliver affordable, clean energy to our industrial partners."
Project Development Model
Kanin provides end-to-end solutions, covering project design, engineering, construction, operations, and maintenance, using third-party capital to minimize initial costs. By delivering clean power without requiring host facilities to invest upfront, Kanin helps industrial partners decarbonize operations, lower energy costs, and generate revenue from their waste stream.
Technology
Waste heat to power systems generate baseload electricity by capturing high-temperature exhaust and converting it into power through closed-loop thermodynamic cycles that operate independently of host facility's core industrial processes. A key technology in this approach is the Organic Rankine Cycle (ORC), which uses a low-boiling-point working fluid that continuously evaporates and condenses to drive a turbine. ORC systems are well-suited for medium-grade heat and can be deployed with minimal disruption to existing operations.
About PaceZero Capital Partners
PaceZero Capital Partners is an independent, sustainability-focused private debt firm, headquartered in Toronto, Canada. PaceZero executes credit investments in established, high-growth companies developing innovative technologies that drive improved social and environmental outcomes.
About Kanin Energy
Kanin Energy is a turnkey developer of waste heat to power projects that convert industrial waste heat into clean electricity, helping heavy industry decarbonize while delivering cost savings, reliable energy, and long-term environmental impact.
