New York’s NineDot secures funds for 400 MWh of urban batteries

Share

From ESS News

A Brooklyn-based community-scale energy storage developer has secured sufficient funding to purchase almost 100 MW/400 MWh of battery energy storage systems (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

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Why California’s closed $2 billion solar plant is not a signal of industry failure
06 October 2025 Beginning operations in 2014, the Ivanpah Solar plant cost $2.2 billion to build. It is now closing operations, but the plant’s closure is not an indi...