Brookfield has hired RBC and Bank of America to market Luminace, its North American decarbonization-as-a-service platform, two sources familiar with the situation told Infralogic.

Teasers have yet to go out, the sources said, but the process is expected to launch shortly.

Bank of America and Brookfield declined to comment, while RBC and Luminace did not respond to inquiries.

The company, headquartered in New York City with offices in Baltimore and Huntington Beach, California, has a more than 1.5 GW large-scale distributed energy portfolio across more than 1,700 sites in the US and Canada, according to the firm’s website. Brookfield had acquired several distributed generation platforms from WGL, Constellation NewEnergy and Exelon, and TerraForm Power. In 2021, Brookfield consolidated these platforms and rebranded them as Luminace.

Brookfield spoke to several financial advisors about a potential sale or capital raise for Luminace earlier this year, Infralogic reported last month. Brookfield is looking to churn capital and raise revenue for additional purchases, or to re-invest in other platforms, sources said at the time.

Luminace has facilities in 28 states, Puerto Rico, Washington DC and Canada.