Major leap forward for standalone battery energy storage, as sector leader Plus Power raises additional $1.8 billion to help incorporate renewables and stabilize the power grid
THE WOODLANDS, Texas, Oct. 17, 2023 /PRNewswire/ -- Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy.
- Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage.
- " Nord/LB is honored to have supported industry leader, Plus Power, as CLA for the landmark stand-alone battery storage transactions, Sierra Estrella and Superstition Energy Storage.
- We are excited to witness their impact on the clean energy transition and look forward to supporting Plus Power on future opportunities."
- "Societe Generale is pleased to have supported Plus Power – a leader in the renewables & energy storage market – in this landmark Battery Energy Storage financing," said Eric Kim, the Head of Société Générale's Energy+ Group .