ON.energy Deploys Medium Voltage AI UPS for Grid-Safe AI Campuses at National Laboratory of the Rockies
ON.energy today announced it has completed construction of its AI UPS™, the first medium-voltage uninterruptible power system engineered for large-scale AI data centers, at the National Laboratory of the Rockies (NLR). Together, ON.energy and NLR will test the technology at NLR’s Flatirons Campus near Boulder, Colorado, home to one of the world’s most advanced grid simulators and the Advanced Research on Integrated Energy Systems (ARIES) research platform.
ON.energy Signs Largest Dedicated Transformer Deal in the U.S. for Data Center and Renewable Applications
ON.energy, a provider of grid-safe, medium-voltage AI UPS™ infrastructure for hyperscale data centers, today announced a 5-gigawatt (GW) transformer supply agreement for data center and renewable infrastructure applications in the United States. This procurement will initially support the rapid deployment of ON.energy’s AI UPS technology at data center campuses beginning in 2026.
Hyperscale Meets Grid Stability: ON.energy Launches Medium-Voltage UPS Built for AI Data Centers
ON.energy™ today announced the launch of AI UPS™, the world’s first medium voltage uninterruptible power supply (UPS) purpose-built for AI data centers. Designed to deliver full-facility resilience while protecting the grid, AI UPS establishes a new benchmark for how next-generation compute infrastructure connects to power.
On.Energy Closes $25 Million Working Capital Facility With Lombard Odier Investment Managers
On.Energy, a growing North America electric power asset owner and proven end-to-end integrator of battery energy storage systems (“BESS”), today announced it has closed a senior secured first lien facility with Lombard Odier Investment Managers (“LOIM”) on behalf of funds under its management, including the LOIM Sustainable Private Credit Strategy (“Strategy”). The facility will help On.Energy amplify and accelerate project development efforts as the company continues to expand its U.S. asset base, including a further 400MWh portfolio in ERCOT and a combined 1.1 GWh in development across California and Texas. The financing is architected to support costs typically subject to less-efficient financing in market today, including site control, engineering and interconnection, project and interconnection bonding, and project M&A.
On.Energy Closes $40 Million of Construction and Permanent Financing to Build Palo Verde Battery Storage Portfolio in Texas
On.Energy, a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank. The projects, set to come online in Q3 of 2024, will support the balancing of the ERCOT grid by providing both ancillary services as well as arbitrage.
On.Energy Secures $20 Million of Infra-Growth Equity Led by Ultra Capital to Expand North American Battery Energy Storage System Deployment
On.Energy, a proven end-to-end integrator of battery energy storage and an Independent Power Producer (IPP), today announced it raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round and Wilson Sonsini served as On.Energy’s counsel.
On.Energy on Pace to Become the Largest Energy Storage Developer for Airports in the Americas
On.Energy (www.on.energy), a leader in the development of fully integrated energy storage solutions, is expanding its battery energy storage system (BESS) solutions to select airports across Latin America. Through its latest collaboration with Skysense, more than 39 MWh of turnkey energy storage systems are being installed at 11 additional airports, adding to the five systems already either operational or in final stages of commissioning. This latest project brings the total capacity of airport installations to over 65 MWh. The energy storage systems will provide airport customers with improved grid reliability, a 46,000 kg annual reduction in carbon emissions, and utility bill savings in excess of 25%.
On.Energy Secures $100 Million from SEEIT (UK) for North American Battery Storage Projects
On.Energy today announced that it has closed $100 million in project financing from Sustainable Development Capital, LLC (SDCL) Energy Efficiency Income Trust plc (“SEEIT”), the first UK-listed company to invest exclusively in behind-the-meter energy projects and a constituent of the FTSE 250 index. This conditional financing commitment will be used to accelerate the deployment of battery energy storage systems (BESS) for industry-leading corporate, industrial, and utility customers across the United States and Canada.
New Battery Energy Storage System for Turtle Island Beach Resort: Ensuring a Sustainable Future
On.Energy has been awarded the deployment and operation for a Battery Energy Storage System (BESS) and Energy Management System (EMS) in an isolated microgrid application for Solar Axiom at the Turtle Island Beach Resort.
