Energy storage company financing news

Did energy storage companies go public in 2022?

Debt and public market financings for energy storage companies increased 151% with $20.6 billion worth of transactions compared to $8.2 billion raised in 2021. Six energy storage companies went public in 2022 compared to four in 2021.

Which energy storage project has the largest financing package?

Construction underway at the Sierra Estrella Energy Storage project in Avondale, Arizona, which just received the largest financing package for a single standalone energy storage project, worth $707 million. (Image: Plus Power) Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage.

What happened to energy storage funding in 2022?

“Funding into energy storage continued to grow at record levels in 2022; however, some of the funding activity shifted from venture capital and private equity to public market and debt financing,” said Raj Prabhu, chief executive officer, Mercom Capital.

How much money did Foss & company invest in energy storage?

$212.2 million of tax equity financing from Foss & Company, as well as $276 million of construction and term financing, for the 300 MW / 600 MWh Rodeo Ranch Energy Storage facility in Pecos. $196 million of construction and term financing for the 200 MW / 400 MWh Ebony Energy Storage facility in Comal County, northeast of San Antonio.

What makes a well-sited energy storage project a good investment?

The size and breadth of the financings by leading institutions – and the projects' geographic and revenue structure diversity – highlights the variety of services and value that well-sited standalone energy storage can offer power markets.

Should storage projects be funded?

One large missing piece has been funding. Storage projects are risky investments: high costs, uncertain returns, and a limited track record. Only smart, large-scale, low-cost financing can lower those risks and clear the way for a clean future.