Article

NineDot Energy has secured $431 million in debt financing from Natixis Corporate & Investment Banking for 28 battery energy storage projects in New York City. These projects will have a combined capacity of 124 MW and 494 MWh, sufficient to power over 100,000 households during peak demand.

The financing structure includes a construction loan, tax-credit-transfer bridge loan, and a letter-of-credit facility tailored to the specific requirements of the projects. This funding is part of NineDot's broader pipeline of over 60 projects aimed at improving the sustainability of the NYC electric grid.