The new Energy Storage Capital Challenge report is live, featuring 14 capital solutions designed to unlock storage deployment in New York and beyond. We’re proud that our Principal, Nneka (Uzoh) Kibuule, contributed to this collaborative effort alongside capital providers, utilities, and developers working to scale innovative storage projects. Thank you to The Clean Fight and partners for driving this work forward—and for including Aligned in the process. Read the report: bit.ly/4iz3ENt #EnergyStorage #ClimateFinance #GridInnovation #NewYorkEnergy
Be the first to discover the 14 capital solutions that can unlock the energy storage market in New York State. Download our new report now 👉 bit.ly/4iz3ENt These solutions, co-created with leading partners across the capital stack, are designed to alleviate investment and project risk and enable the capital community to support the innovative energy storage projects we need most. ⚡ Understand the unique opportunity for energy storage in New York State ⚡ Access the actionable capital solutions we’ve uncovered to unlock innovative energy storage deployments - for traditional and non-traditional providers across the capital stack ⚡Explore three case studies showcasing these novel financing solutions in action The good news is we have an abundance of innovative, ready-to-scale energy storage solutions poised to reshape the storage landscape and catalyze market-wide impact in New York and beyond. The problem? Too many are getting stuck in development due to lack of fit-for-purpose capital solutions necessary for scale. To tackle this problem, we convened more than a dozen leading capital providers from across the stack, along with utilities, and industry experts New York Battery and Energy Storage Technology Consortium (NY-BEST) to workshop in real time six live energy storage projects with financing gaps emblematic of industry challenges. The result–14 co-created solutions to incentivize the capital markets to act, and alleviate investment and project risk. With thanks to our six innovative Energy Storage Capital Challenge finalists—Beacon Power, Convergent Energy and Power, NineDot Energy with Viridi, Orenda, Inc, Power Edison, and Sprocket Power, our fantastic capital partners Aligned Climate Capital , Broadscale Group, DevEngine, Energy Impact Partners, Greenbacker , New York City Energy Efficiency Corporation (NYCEEC), NY Green Bank, The Rockefeller Foundation, S2G Investments, The Schmidt Family Foundation, Segue Sustainable Infrastructure, Spring Lane Capital, Trellis Climate, and Wellington Management, industry partners Binghamton University, Con Edison, National Grid, and New York Battery and Energy Storage Technology Consortium (NY-BEST), and supporters New Energy New York and NYSERDA. Want to get involved? We've just opened applications for the sixth edition of our award-winning accelerator program focused on the deployment of growth-stage energy storage solutions in New York State. In collaboration with New Energy New York, New York Battery and Energy Storage Technology Consortium (NY-BEST), and with the support of NYSERDA. Learn more 👉 bit.ly/3R7fG4p New Energy Nexus