NineDot Energy develops community-scale distributed energy projects aimed at improving the reliability and resilience of local power grids, particularly in the New York City area, including Westchester and Long Island. Their projects focus on urban clean energy solutions that not only enhance grid stability but also provide economic savings and reduce carbon emissions. The company designs, constructs, and manages energy systems for a variety of clients, including urban communities, local governments, and businesses. Unlike many competitors, NineDot Energy leverages local expertise and real-world experience to create tailored solutions that meet the specific needs of their clients. Their goal is to contribute significantly to the global energy transition while fostering a positive impact on the environment and society.

NY Green Bank

SMBC Group

CIT Group

Manulife Investment

The Carlyle Group

Government & Public Sector

Energy

NineDot Energy

The IN2 startups will complete their demonstrations over the next year or two, helping them in their goal to see their technologies gain market acceptance. Giving each startup a real-world opportunity for its technology backed up with technical assistance from National Renewable Energy Laboratory (NREL) helps de-risk new customer acquisition by providing a concrete example of success. The key part of NineDot Energy’s success is understanding the time and place to improve the grid, and Co-Founder and Chief Technology Officer Adam Cohen hopes NREL can help him find the golden spot. “We’re trying to pinpoint where on the grid the power is needed most,” Cohen said. “Where on the grid can you interconnect at lower costs without having impacts on the system, and which location will provide the most help when the grid needs support.”

In² Demonstration: Getting V2G Good To Go

NineDot Energy receives debt financing to support the development of eleven (11) community battery storage sites in and around New York City.

NineDot Energy Secures $85 Million Construction-to-Term Debt Facility

NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metropolitan area, today announce

NineDot Energy Raises $225 Million in Equity Financing to Build and Operate Distributed Battery Energy Storage Projects

Software-only arrangement co-optimizing multiple value streamsStem expects to install more than 700 MWh in New YorkSAN FRANCISCO, October 24, 2023--(BUSINESS WIRE)--Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced the company’s key role in the development and recent completion of the first community battery energy storage site in the Bronx, New York City. The site is owned and operated by NineDot Energy®, a leading developer of community-scale clean energy projects backed by global investment firm Carlyle. NineDot’s first Bronx site features a 3 megawatt (MW)/12 megawatt-hour (MWh) battery energy storage system, a solar canopy, and infrastructure ready for bi-directional electric vehicle chargers. Stem’s AI-driven Athena ® platform is co-optimizing multiple value streams, including New York’s Value of Distributed Energy Resources (VDER) program incentives. For NineDot Energy, this Bronx site is a model for developing future urban clean energy projects and supports the company’s goal of strengthening the local power grid and providing stable, reliable, and resilient power to tens of thousands of New York City households and businesses."With more than 700 MWh of energy storage assets expected to be installed in New York over the next two years, Stem is proud to be a proven partner to help customers navigate the challenges that come with these highly complex energy regions," said John Carrington, Chief Executive Officer of Stem. "We appreciate the trust NineDot has placed in Stem’s Athena platform to maximize the value of their renewable energy assets in New York City, while supporting the grid and reducing reliance on fossil fuel-based power generation.""Building battery storage sites in a dense urban environment requires a specialized set of skills and experience all brought together in NineDot Energy, as well as support from a wide range of visionary regulators, policymakers, partners, and others," said David Arfin, NineDot Energy CEO and Co-founder

Ninedot Energy Selects Stem'S Athena Ai Platform For New York City Site

NineDot Energy receives a $25m revolving credit debt facility from NY Green Bank to fund the Company’s growing pipeline of battery storage projects.

NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)

NEW YORK--(BUSINESS WIRE)--NineDot Energy®, a leading developer of community-scale clean energy projects backed by the global investment firm Carlyle (NASDAQ: CG), today announced the closing of its new $85 million construction-to-term debt facility. Provided by CIT and SMBC, two of the leading names in the world of renewable energy project financing, this facility supports the construction and operation of eleven (11) of NineDot’s battery storage sites in the Bronx, Staten Island, Queens, and Long Island. Combined with NineDot’s existing strong equity capital base, this new funding solidifies the Company’s position as a major distributed community energy developer in the New York City metropolitan region, making the local electricity grid more robust while facilitating New York City’s and State’s push for decarbonization, by integrating more clean energy into the grid during times of peak demand.“Completing this debt financing is another major accomplishment, in a year of accomplishments, for NineDot Energy,” said David Arfin, NineDot Energy CEO and Co-founder. “Just about four months ago, we unveiled our first-of-its-kind battery storage site in the Bronx. With this project finance facility, we will accelerate the growth of our community energy pipeline and implementation, bringing the benefits of distributed, local battery storage solutions to the broadest range of organizations and communities in the New York City region. Along the way, we accelerate the retirement of old ‘peaker plants’ while transitioning to a more environmentally-just urban energy grid.”“We are thrilled to provide this structured finance program to NineDot Energy,” said Mike Lorusso, Managing Director and Group Head of the Power and Energy business of CIT, a division of First Citizens Bank

Ninedot Energy Secures $85 Million Construction-To-Term Debt Facility

Develops community-scale clean energy projects

NineDot Energy

Develops community-scale clean energy projects

NineDot Energy

Develops community-scale clean energy projects

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