Nov 30, 2016

​Marathon Capital Announces the Successful Closing of Empower Energies’ DG Solar Fund

CHICAGO, IL – November 30, 2016 – Marathon Capital is pleased to announce the successful closing of the Empower Energies, Inc. (“Empower” or the “Company”)
Distributed Generation Fund (“DG Fund”) for commercial and industrial (“C&I”) photovoltaic solar projects originated and developed by Empower and
its co-development partners.

Marathon Capital served as the exclusive financial advisor and evaluated a variety of tailored, structuring options in the process of successfully raising
a substantial commitment of tax equity and cash equity financing for the DG Fund.

Empower and WGL Energy Systems, Inc. (“WGL Energy”), a WGL company (NYSE: WGL) plan to originate, develop, construct and manage rooftop, ground mount,
and canopy PV solar projects through the DG Fund for commercial and industrial (C&I) customers, municipalities, universities, schools and hospitals
over the next two years. Tax equity financing will be provided by a major strategic investor.

The DG Fund enables Empower to offer a complete ‘capital stack’, including development capital, construction financing, and project buyouts at different
points during the development process, depending on the needs of the co-developer. The DG Fund also creates efficiencies for C&I customers, simplifying
the project approval process, and enabling a single decision point, thereby accelerating development.

“We are pleased to announce the launch of our DG Fund and our partnership with two leading strategic investors,” said John Clapp, Chief Financial Officer
of Empower. “The DG Fund gives us immediate access to tax equity at a time when availability is an issue in the marketplace. In addition, we are able
to provide construction financing and development capital for our own projects and those of other developers looking for a financing solution. The
fund structure is well-suited to the distributed generation space. We can invest in projects in SREC and non-SREC markets, as well as across the credit

“Marathon Capital is pleased to have worked with the experienced Empower management team to structure and secure the capital necessary to fund the deployment
of a sizeable and diversified C&I portfolio in the distributed solar space,” said Terry Grant, Managing Director at Marathon Capital. “Len Jornlin
and his team bring many years of industry experience and contacts to lead this formative company.”

About Marathon Capital

Marathon Capital, LLC, is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital
raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the global
energy and infrastructure markets. Marathon Capital is a three-time recipient of the “Best Renewable Asset M&A Advisor” Award (2013, 2014, 2016),
as well as the “Renewable Generating Project Finance Deal of the Year” Award (2015) in Power Finance & Risk’s Annual Power Finance Deals and Firms

About Empower Energies

Empower Energies, Inc., headquartered in Frederick, Maryland, is a clean energy project solutions provider focused on applying a multi-technology mix of
PV solar, combined heat and power (CHP), and energy optimization solutions – with financing – to meet the profitability, resiliency and sustainability
objectives of hospitals, universities, municipalities, and schools, as well as multi-facility commercial and industrial organizations.

December 19, 2016, version includes corrections made to original press release issued November 30, 2016.