Calibrant Energy has closed a $145 million debt facility for solar and battery-storage projects across several US electricity markets, including a 120 MWh battery serving a hyperscale data-centre customer in PJM.
The company announced the financing on 10 November. Investec led the facility, with Citi, Liberty Bank and Siemens Financial Services also participating.
The package will refinance operating assets and fund new construction. Calibrant also reported site mobilisation for the data-centre project, but did not identify the customer or give a commissioning date in the announcement.
On-site batteries can change when large customers draw electricity from the grid. Calibrant argues that this flexibility can help connection timelines and reduce infrastructure requirements; those are company claims, rather than a guarantee of a particular connection outcome.
Calibrant says its battery portfolio exceeds 5.9 GWh across operating projects, construction and exclusive development agreements. That combined figure includes projects that are not yet built and should not be interpreted as installed capacity.
Source: original announcement.
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Image credit: Illustrative battery-technology file photograph: WEMAG storage-plant battery racks in Schwerin, Germany, 24 September 2014. This is not a Calibrant facility or the PJM project. Enyavar / Wikimedia Commons, CC BY-SA 4.0. Resized and compressed; same licence retained.
By Energy People. Compiled with AI assistance from linked sources.
