NineDot Energy Secures $65 Million Financing for Battery Energy Storage in New York City

NineDot Energy®, a leading developer of community-scale battery energy storage systems in the New York City metro area, has announced the successful closure of a $65 million equipment financing deal led by First Citizens Bank, a prominent player in renewable energy finance. This funding will facilitate the acquisition of nearly 100 Megawatts (MW) / 400 Megawatt hours (MWh) of batteries for deployment across up to 20 battery storage projects in the New York City metro area. 

NineDot Energy remains on course to achieve its target of having 400MW of battery storage in development, construction, or operation by the end of 2026. The company is actively engaged in over 50 projects in various stages of development or operation in the New York City area, with additional projects in the pipeline. With the latest transaction, NineDot's total capital raised now exceeds $500 million. 

NineDot Energy is a pioneering community-scale battery storage developer and operator in the New York City metropolitan region, focusing on innovative urban energy solutions that enhance grid resilience, provide economic savings, reduce carbon emissions, and promote environmental equity.

The company is also expanding into mobile batteries and electric vehicle charging at select current and future sites. 

Discover more about the funding here.