After Successful First Project, Lightshift Energy to Develop Second Battery Project in Danville, VA
Lightshift Energy, a leading energy storage developer, owner, and operator, announced a second project with Danville Utilities that will bring meaningful cost savings and enhance grid reliability for the City of Danville. Danville II, the 11MW project, has also secured a funding award of $1.5 million from the Virginia Tobacco Region Revitalization Commission’s Energy Ingenuity Fund to advance energy resilience for the region.
Paxton Municipal Light Department, Lightshift Energy, and MMWEC Unveil Battery Storage Project at Paxton’s Substation
Paxton Municipal Light Department (PMLD) and Lightshift Energy, a leading energy storage project developer, owner and operator, on Thursday hosted a ribbon-cutting ceremony to unveil the battery storage project in Paxton, Massachusetts, which will bolster the grid for PMLD and its customers. Part of a first-of-a-kind program to deploy battery storage for Massachusetts Municipal Wholesale Electric Company (MMWEC)’s municipal utilities, the energy storage project will reduce grid load during peak events, saving PMLD up to $10 million in energy costs and lessening the Commonwealth’s reliance on fossil fuels.
Holden Municipal Light Department, Lightshift Energy and MMWEC Unveil Battery Storage Project in Holden, MA to Strengthen Community Energy Resilience
Holden Municipal Light Department (HMLD) and Lightshift Energy, a leading energy storage project developer, owner and operator, hosted a ribbon-cutting ceremony on Monday to celebrate the completion of Lightshift’s newest battery storage project in Holden, Massachusetts, which will serve HMLD and its customers. Developed in partnership with the Massachusetts Municipal Wholesale Electric Company (MMWEC), the 5MW/22MWh battery project will charge during low-cost periods of low energy demand, and discharge during higher-cost peak demand periods. This peak-shaving approach enables significant energy savings and environmental benefits for HMLD customers.
Energy Storage Leader Lightshift Energy Backs Two Initiatives that Give Clean Energy Buyers New Avenues to Meet Clean Energy and Climate Targets
Lightshift Energy, a leading energy storage project developer, owner, and operator, today announced its participation in two initiatives that provide critical pathways to granular energy attribute and emissions accounting: the creation of the Power Emissions Certificates Alliance (PECA) and the signing of the United Nations 24/7 Carbon-Free Energy Compact. Both initiatives are designed to help organizations meet their clean energy and climate targets by focusing on the link between time- and location-based energy use, clean energy generation, and carbon emissions.
Massachusetts Municipal Wholesale Electric Company (MMWEC) Partners with Lightshift Energy to Pioneer Community-Based Energy Storage at Scale
The Massachusetts Municipal Wholesale Electric Company (MMWEC), the Commonwealth’s designated joint action agency for municipal utilities, and Lightshift Energy, a leading energy storage project developer, owner and operator, today announced a first-in-kind program for the industry. Following a highly competitive solicitation process in late 2022, MMWEC chose Lightshift as its exclusive partner to deploy the state’s first jointly implemented fleet of grid-scale battery energy storage systems (BESS).
Lightshift Energy Appoints Robert Greskowiak as New Chief Commercial Officer
Today, Lightshift Energy, a leader in utility-scale energy storage development, announced that veteran energy industry executive Robert Greskowiak has joined the company as its new Chief Commercial Officer. Greskowiak brings nearly two decades of energy industry and business development expertise to Lightshift. The strategic appointment will deepen the company’s position in its existing markets and accelerate its expansion into new markets as Lightshift continues to bring its diverse, tailored energy storage solutions to communities across the United States.
Lightshift Energy Raises $100 Million From Greenbacker Capital Management to Expand Utility Scale Battery Storage Across North America
Today, Lightshift Energy (“Lightshift”), formerly known as Delorean Power, announced capital infusions totaling $100M from Greenbacker Capital Management LLC ("Greenbacker" or “GCM”). The company has secured $20M from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms. These funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline. In addition, Lightshift has secured $80M from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. This capital will support the construction and operations of Lightshift’s portfolio.
