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Plus Power raises $1.8 billion for US energy storage facilities

Plus Power Completes Us$1.8 Billion in Financing for 2.76gwh of Bess in Arizona and Texas – Ktoy1047

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

/PRNewswire/ Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage, including the largest single such project.

Plus Power raises $1.8 billion to advance construction of five energy storage facilities

The transactions will support construction of BESS facilities in the Salt River Project in Arizona as well as in the ERCOT market in Texas.

Plus Power completes US$1.8 billion financing for battery storage

Plus Power has completed US$1.8 billion financing for its battery storage pipeline, including the largest for a standalone project to-date.