Calibrant Energy Secures $145 Million Debt Facility for Solar and Battery Storage Projects
Calibrant Energy has closed a $145 million debt facility led by Investec to fund solar and battery energy storage system (BESS) projects across various U.S. power markets. A key component of this financing is the development of a 120 megawatt-hour (MWh) BESS designed to serve a hyperscale data center customer within the PJM interconnection region. The financing aims to address the increasing demand from large-scale power users, such as data centers, which require rapid grid connection and reliable energy. By utilizing on-site storage, these facilities can manage power draw more effectively, potentially bypassing lengthy interconnection timelines and reducing the need for expensive grid infrastructure upgrades.
Tickers: $SIEGY
Topics: battery energy storage system data center power debt facility energy transition renewable energy