NineDot Energy has appointed Alexis Glick as chief executive officer, effective immediately. She succeeds co-founder David Arfin, who led the New York City battery storage developer from its founding. Glick was previously chief executive officer of Nature Energy North America. She brings nearly three decades of experience in renewable energy, infrastructure, finance, and capital markets. NineDot has 11 operating projects totalling 39 MW, more than 60 more under construction or in development, and a pipeline exceeding 1 GW. The company, backed by Manulife Investment Management and Carlyle, has raised more than $1 billion. Glick said she will focus on advancing the New York pipeline, scaling the business, and expanding partnerships and capital solutions.

NineDot Energy has secured $431 million in debt financing led by Natixis Corporate & Investment Banking to construct 28 battery energy storage projects across New York City. The facilities will deliver 124 MW and 494 MWh of capacity, sufficient to power over 100,000 households during peak summer demand. The financing comprises a construction-to-term loan, tax-credit-transfer bridge loan and letter-of-credit facility. Projects will reach commercial operation through end-2027 and are expected to create over 3,000 jobs whilst generating nearly $3.5 billion in economic output. All projects are enrolled in New York's Statewide Solar for All programme, which will contribute over $60 million to energy affordability initiatives over 10 years. NineDot has now raised over $1 billion and aims to achieve 400 MW of battery storage by end-2026.