New York’s NineDot secures funds for 400 MWh of urban batteries
The New York City (NYC)-based developer of urban, “community-scale” battery energy storage systems (BESS) has landed a $65 million finance package from lenders led by the U.S.’ First Citizens Bank.
The New York City (NYC)-based developer of urban, “community-scale” battery energy storage systems (BESS) has landed a $65 million finance package from lenders led by the U.S.’ First Citizens Bank.
A Brooklyn-based community-scale energy storage developer has secured sufficient funding to purchase almost 100 MW/400 MWh of BESS for its projects in the NYC metropolitan area.
NineDot Energy is installing battery and fuel cell-based energy storage projects in NYC and wants to have up to 50 battery sites in development, under construction, and operational in 2026.
The company, whose projects are all planned in the densely-populated NYC metro area, has now been backed by $65 million from lenders led by First Citizens Bank, for the purchase of BESS equipment. The latest injection of funding is part of a $500 million-plus capital pile secured to date.
To read the full story, please visit pv magazine’s ESS NEWS
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