Greenbacker Supercharges Energy Storage Firm Lightshift with $100M

• Greenbacker Capital Management fuels Lightshift Energy's growth with a $100 million investment, propelling the energy storage firm to new heights.

Greenbacker Capital Management has increased its investment in energy storage firm Lightshift Energy by providing USD 100 million in new capital. Lightshift, formerly known as Delorean Power, has over 20 battery projects under contract and a pipeline of more than 4,000 MW. The company's battery systems can reach up to 250 MW in size.

The funding, raised from two GCM-affiliated investment vehicles, will be used to expand Lightshift's team, boost sales, and grow its pipeline. Greenbacker initially invested USD 20 million in the business in 2021 through its Greenbacker Development Opportunities Fund I LP.

What are the details of Greenbacker Capital Management's increased investment in Lightshift Energy?

• Greenbacker Capital Management has provided USD 100 million in new capital to energy storage firm Lightshift Energy.
• Lightshift Energy, formerly known as Delorean Power, has over 20 battery projects under contract and a pipeline of more than 4,000 MW.
• The company's battery systems can reach up to 250 MW in size.
• The funding was raised from two GCM-affiliated investment vehicles.
• The investment will be used to expand Lightshift's team, boost sales, and grow its pipeline.
• Greenbacker initially invested USD 20 million in the business in 2021 through its Greenbacker Development Opportunities Fund I LP.