Lightshift Energy Raises $100 Million from Greenbacker Capital Management to expand utility-scale battery storage across North America.
Lightshift Energy Raises $100 Million from Greenbacker Capital Management to expand utility-scale battery storage across North America.
03/28/24, 11:05 AM
Location
arlington countyMoney raised
$100 million
Industry
biomass energy
renewable energy
oil and gas
energy
Investors
Greenbacker Capital Management Llc
Lightshift Energy, formerly known as Delorean Power, has announced capital infusions totaling $100 million from Greenbacker Capital Management LLC. The company has secured $20 million from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms, and $80 million from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. The funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline.