NineDot Energy Announces $65 Million Equipment Financing
NineDot Energy has secured a $65 million equipment financing transaction led by First Citizens Bank to support the purchase of nearly 100 MW/400 MWh of batteries for up to 20 battery storage projects across the New York City metro area. The company, which specializes in community-scale battery energy storage systems, has raised over $500 million in total capital to date.
NineDot Energy is progressing toward its goal of having 400MW of battery storage in development, construction, or operation by the end of 2026. The company currently manages over 50 projects in various stages across the New York City area and ranks as a leading developer in ConEd's New York territory based on interconnection queue data.
NineDot Energy ha ottenuto un finanziamento per attrezzature di 65 milioni di dollari guidato da First Citizens Bank per supportare l'acquisto di quasi 100 MW/400 MWh di batterie per fino a 20 progetti di stoccaggio di energia a batteria nell'area metropolitana di New York. L'azienda, che si specializza in sistemi di stoccaggio di energia a batteria a scala comunitaria, ha raccolto oltre 500 milioni di dollari di capitale totale ad oggi.
NineDot Energy sta progredendo verso il suo obiettivo di avere 400 MW di stoccaggio di batterie in fase di sviluppo, costruzione o operativa entro la fine del 2026. Attualmente, l'azienda gestisce oltre 50 progetti in varie fasi nell'area di New York e si classifica come uno dei principali sviluppatori nel territorio di New York di ConEd, basandosi sui dati della fila di interconnessione.
NineDot Energy ha asegurado una transacción de financiamiento de equipo de $65 millones liderada por First Citizens Bank para apoyar la compra de casi 100 MW/400 MWh de baterías para hasta 20 proyectos de almacenamiento de baterías en el área metropolitana de la ciudad de Nueva York. La compañía, que se especializa en sistemas de almacenamiento de energía de batería a escala comunitaria, ha recaudado más de $500 millones en capital total hasta la fecha.
NineDot Energy está avanzando hacia su objetivo de tener 400 MW de almacenamiento de baterías en desarrollo, construcción u operación para finales de 2026. Actualmente, la compañía gestiona más de 50 proyectos en diversas etapas en el área de la ciudad de Nueva York y ocupa el primer lugar como desarrollador en el territorio de ConEd en Nueva York, según los datos de la lista de interconexión.
나인닷 에너지는 퍼스트 시티즌즈 뱅크가 주도하는 6,500만 달러 장비 금융 거래를 확보하여 뉴욕시 메트로 지역 전역에 걸쳐 최대 20개의 배터리 저장 프로젝트를 위한 거의 100 MW/400 MWh의 배터리를 구매하는 데 지원합니다. 커뮤니티 규모의 배터리 에너지 저장 시스템을 전문으로 하는 이 회사는 현재까지 총 5억 달러 이상의 자본을 모금했습니다.
나인닷 에너지는 2026년 말까지 400MW의 배터리 저장소 개발, 건설 또는 운영 목표를 향해 나아가고 있습니다. 현재 이 회사는 뉴욕시 지역에서 다양한 단계의 50개 이상의 프로젝트를 관리하고 있으며, 상호 연결 대기열 데이터를 기반으로 ConEd의 뉴욕 지역에서 주요 개발업체로 평가받고 있습니다.
NineDot Energy a sécurisé une transaction de financement d'équipement de 65 millions de dollars menée par First Citizens Bank pour soutenir l'achat de près de 100 MW/400 MWh de batteries pour jusqu'à 20 projets de stockage de batteries dans la région métropolitaine de New York. L'entreprise, spécialisée dans les systèmes de stockage d'énergie par batterie à l'échelle communautaire, a levé plus de 500 millions de dollars de capital total à ce jour.
NineDot Energy s'oriente vers son objectif d'avoir 400 MW de stockage de batteries en développement, construction ou opération d'ici la fin de 2026. Actuellement, l'entreprise gère plus de 50 projets à différents stades dans la région de New York et se classe parmi les principaux développeurs sur le territoire de ConEd à New York, selon les données de la file d'attente d'interconnexion.
NineDot Energy hat eine 65 Millionen Dollar Ausrüstungsfinanzierungs transaktion unter der Leitung von First Citizens Bank gesichert, um den Kauf von fast 100 MW/400 MWh an Batterien für bis zu 20 Batteriestorageprojekte im Raum New York City zu unterstützen. Das Unternehmen, das sich auf batteriebasierte Energiespeichersysteme im Kommunalbereich spezialisiert hat, hat bisher über 500 Millionen Dollar an Gesamtkapital gesammelt.
NineDot Energy entwickelt sich in Richtung seines Ziels, bis Ende 2026 400 MW an Batteriespeicher in der Entwicklung, im Bau oder im Betrieb zu haben. Das Unternehmen verwaltet derzeit über 50 Projekte in verschiedenen Phasen im Raum New York City und zählt zu den führenden Entwicklern im ConEd-Gebiet von New York, basierend auf den Daten der Anschlusswarteschlange.
- $65 million equipment financing secured for battery storage expansion
- Total capital raised exceeds $500 million
- Leading position in ConEd's New York territory interconnection queue
- Portfolio of over 50 projects in development or operation
- Clear development target of 400MW battery storage by 2026
- None.
Insights
First Citizens Bank's
The deal's structure as equipment financing rather than traditional project finance is noteworthy - it provides First Citizens with asset-backed security while offering NineDot operational flexibility. For context, battery storage projects typically generate revenue through multiple streams: capacity payments, energy arbitrage and grid services, potentially offering attractive returns in dense urban markets like NYC where grid constraints create premium opportunities.
NineDot's strong market position in Con Edison's territory and their impressive total capital raised of over
For First Citizens shareholders, this transaction represents a strategic diversification into high-growth clean energy infrastructure, potentially offering stable, long-term returns backed by essential grid assets. The deal also demonstrates the bank's ability to structure complex energy transition financing, potentially leading to additional opportunities in the rapidly expanding energy storage market.
The transaction was led by First Citizens Bank, an expert in renewable energy finance
A NineDot Energy battery storage site in
“NineDot has made tremendous progress in providing battery energy storage to the
“We’re excited to spearhead this equipment financing transaction for NineDot Energy,” said Mike Lorusso, group head for First Citizens Energy Finance. “As a leader in renewable energy finance, we are committed to supporting companies delivering clean energy solutions for dense urban areas, and no one is doing that better than NineDot.”
NineDot Energy is on track to meet its goal of having 400MW of battery storage in development, construction or operation by the end of 2026. The company currently has over 50 projects in some phase of development or operation in the
With this transaction, NineDot’s total capital raised is over
Contact NineDot at nine.energy/connect.
About NineDot Energy
NineDot Energy is the leading community-scale battery storage developer and operator in the
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250122977701/en/
NineDot Energy Media Contact:
Karen Alter, 650-383-8552, karen@nine.energy
First Citizens Bank Media Contact:
John M. Moran, 212-461-5507, john.moran2@firstcitizens.com
Source: NineDot Energy
FAQ
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