First Colony Mortgage is entering into a partnership with a clean-energy storage provider to offer ecofriendly homeownership options with a streamlined lending process.
Pleasant Grove, Utah-based First Colony signed a letter of intent with Torus, a provider of power sources that produce and share forms of clean energy, to support housing construction and development in the Beehive State. Through the partnership, the two companies hope to drive growth of residential clean energy solutions and homeownership, supporting 650 new units throughout Utah.
The deal can help home buyers achieve cost savings through the integration of energy infrastructure costs into mortgage financing, while also supporting longer-term efficiency goals, the companies claimed.
“Our collaboration with Torus represents a unique convergence of award-winning technology and mortgage banking expertise,” said Carine Clark, the lender’s CEO.
“Through our long-standing builder partnerships, we’re making it easier for homeowners to move into homes that are ready for the future of energy. This initiative demonstrates Utah’s leadership in bringing innovative energy solutions to homeowners while working alongside traditional power providers to improve grid reliability and consumer choice.”
The announcement comes despite a 2025 political environment that so far is proving to be unfriendly for energy sustainability advocates. While the Federal Housing Administration and U.S. Department of Agriculture, both of which finance mortgages, announced plans to introduce clean-energy standards on new constructions with compliance expected this year, the Trump administration delayed policy implementation in March.
Last year’s announcement led to calls for more widespread adoption, but also received legal pushback from both homebuilders and state attorneys general earlier in January.
Torus’ energy program connects individual home battery systems to a centralized community-wide shared infrastructure that includes a solar array and storage facility. This method of providing electricity to residents is available exclusively through approved residential developments. The company works in partnership with Rocky Mountain Power’s Wattsmart Battery program.
Prior to the First Colony agreement, the energy provider previously used its solution to help power utility companies, commercial and industrial buildings, data centers and defense facilities.
“This partnership marks a pivotal moment in our mission to transform how communities generate, store, and share energy,” said Torus CEO and co-founder Nate Walkingshaw.
“We’re creating new opportunities for homeowners to own their power while contributing to a more resilient energy grid,” he added.
