At a glance
- A developer is preparing to build a 700-megawatt storage facility just outside Boston that is expected to be the largest battery project in New England by a wide margin, according to the report.
- The financing implies roughly $3.4 million per megawatt, a unit figure allocators can compare with other storage deals in the region.
- The report does not detail how the $850 million is structured, so the figure cannot yet be split into debt and equity tranches.
An energy company closed on $850 million in financing to build a 250-megawatt battery in Massachusetts, Canary Media reported on Oct. 26.
A developer is preparing to build a 700-megawatt storage facility just outside Boston that is expected to be the largest battery project in New England by a wide margin, according to the report.
The financing implies roughly $3.4 million per megawatt, a unit figure allocators can compare with other storage deals in the region.
The report does not detail how the $850 million is structured, so the figure cannot yet be split into debt and equity tranches.
Reported by the Energy Transition desk from Canary Media. Published . Corrections