Full-Time
Develops, owns, operates utility-scale energy storage
No salary listed
Mesa, AZ, USA
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Aypa Power develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects. Its projects store electricity for times of high demand or low generation and can combine multiple renewable sources, helping to decarbonize the power grid and improve grid reliability. Revenue comes from long-term contracts with utilities, municipalities, cooperatives, and corporate clients, with projects optimized for each customer through interconnection and transmission analytics. What sets Aypa Power apart is its large and growing portfolio—over 10 GW of utility-scale storage—and its integrated approach to development, ownership, and operation, plus a focus on data-driven optimization to ensure efficient interconnections. The company’s goal is to reduce fossil fuel use and support sustainable, low-emission energy delivery for a wide range of customers.
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$3.5B
Headquarters
Mississauga, Canada
Founded
2016
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Health Insurance
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401(k) Company Match
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Parental Leave
Remote Work Options
Local leaders respond after state approves Huron County battery project. A state-approved, 450-megawatt battery storage project planned for Huron County has taken some local officials by surprise, with at least one commissioner saying he only learned of the development after regulators signed off. Keep Watching Watch More On March 27, the Michigan Public Service Commission approved six new battery energy storage sites across the state, including the 450-megawatt Big Mitten Energy Center in Huron County. However, the state's announcement did not include details on the project's exact location within the county, construction timeline, cost and potential local economic impact. Article continues below this ad Get Digital Access and Stay Informed With Trusted Local News. The Big Mitten Energy Center is an Aypa Power project expected to be built in Colfax Township. According to the company's website, the project would be located in Section 1 of the township, just west of North Van Dyke Road and north of West Richardson Road. Huron County Commissioner Scott Maust, who represents District 3, said as of Tuesday morning he does not have any additional information about the project. "I just read about it this morning," Maust said. "I need to look into it more." He said he is unsure whether his fellow commissioners have more information, as the commission has not yet discussed the issue. Article continues below this ad Commissioner Steve Vaughan, who represents District 4, which includes Colfax Township, said he has been aware of the project because of his ties to Colfax Township. "I've been aware of it since they started coming up here two years ago with the idea," Vaughan said. "It's not something new." He said Aypa originally tried to acquire property in Windsor Township but changed plans when that effort fell through. "They had an application ready to go, so they moved over to Colfax Township, and they were able to garner approval to go ahead and construct," Vaughan said. Article continues below this ad However, he clarified that the Big Mitten Energy Center is a Colfax Township project - not a county project - and therefore was not approved by Huron County officials. This likely explains why other commissioners were not aware of the project. While an exact timeline is not yet known, Vaughan said he expects the project won't be built until 2028 and will be online by 2030. The Tribune attempted to reach the other commissioners and did not receive an immediate response. Article continues below this ad March 31, 2026 Staff Writer Katy Snodgrass is a reporter for the Huron Daily Tribune. She has been with the Tribune since August 2024.
Aypa Power, a utility-scale energy storage and renewable energy developer, has closed a $500 million upsizing of its corporate credit facility, bringing total commitments to $1.55 billion. The facility, among the largest in renewable energy and the biggest for energy storage, marks the third consecutive year of expansion. The Blackstone portfolio company will use the funds to advance late-stage projects across North American markets. Six new domestic and international lenders joined the facility, which is structured as revolving credit, term loan and letter of credit facilities to support development through 2028. Aypa currently has 42 projects operational or under construction and maintains a development pipeline exceeding 22 gigawatts. The company has been developing energy storage projects since 2018.
Aypa Power, a Blackstone portfolio company and utility-scale energy storage and hybrid renewable energy projects developer, closed a...
Aypa Power secures $1.5-Billion facility to support energy storage. Energy developer Aypa Power, a Blackstone portfolio company that operates utility-scale energy storage and hybrid renewable energy projects, announced the closing of its $1.5-billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature. The first-of-its-kind transaction, announced February 3, represents the largest warehouse financing executed for a storage-focused independent power producer and will serve as the company's principal funding source for projects expected to reach commercial operation through 2028. "This market leading financing marks a significant milestone for Aypa Power and reflects the scale, quality, and readiness of our development portfolio," said Moe Hajabed, CEO of Aypa Power. "The warehouse facility positions us to advance a growing pipeline of utility-scale energy storage projects and continue delivering critical infrastructure that strengthens grid reliability across U.S. markets. We are appreciative of the confidence that this large group of lenders has placed in our ability to execute at this scale." "CIBC is proud to have led the structuring and execution of this important construction warehouse facility, supporting continued growth in the utility-scale energy storage sector," said Ines Serrao, managing director and co-head of U.S. Project Finance & Infrastructure, Canadian Imperial Bank of Commerce. "The facility is structured to support a portfolio of construction-ready, utility-scale assets and highlights the strength of Aypa Power's development discipline." "Wells Fargo is proud to support Aypa in bringing this facility to market. This financing demonstrates the growing importance of large-scale energy storage as a core component of the U.S. power system," said Alok Garg, head of Project and Asset Finance at Wells Fargo. Canadian Imperial Bank of Commerce, New York Branch and Wells Fargo acted as Lead Structuring Agents, Left Lead Arrangers, Coordinating Lead Arrangers, and Green Loan Coordinators. Canadian Imperial Bank of Commerce, New York Branch is the Administrative Agent and Collateral Agent for the three-year facility. U.S. Bank National Association served as Depositary Agent. Banco Santander, S.A., New York Branch, BNP Paribas, ING Capital LLC, Natixis, New York Branch, Royal Bank of Canada, New York Branch, and Société Générale also acted as Coordinating Lead Arrangers. ING Capital LLC also acted as Green Loan Coordinators. Bank of America, N.A., Fédération des Caisses Desjardins du Québec, Industrial and Commercial Bank of China Limited, New York Branch, KeyBanc Capital Markets Inc., National Bank of Canada, PNC Capital Markets LLC, Standard Chartered Bank, U.S. Bank National Association, and Zions Bancorporation, N.A. acted as Joint Lead Arrangers. Regions Bank acted as a Mandated Lead Arranger. Aypa Power develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects across North America. The company has 30 projects currently in operation or under construction, and a development pipeline exceeding 22 GW. Its first energy storage project came online in 2018. - This content was contributed by Aypa Power.
Blackstone's Aypa Power secures $1.5 billion to build energy storage projects across U.S. Emanuela Hawker February 4, 2026 Blackstone-backed energy storage developer Aypa Power announced that it has secured $1.5 billion in warehouse facility financing, with the capital aimed at accelerating the construction of utility-scale energy storage projects across the U.S. The financing, which includes a $1.5 billion construction warehouse revolving credit facility, and an additional US$500 million accordion feature, marks the largest warehouse financing executed for a storage-focused independent power producer, according to the company, and will serve as the company's principal funding source for projects expected to reach commercial operation through 2028. Founded in 2017, Texas-based Aypa Power has 30 projects either operating or under construction, as well as a development pipeline exceeding 22 GW. Its first energy storage project entered service in 2018, and its portfolio spans standalone storage and projects paired with renewable generation. The company was acquired by Blackstone in 2020. "This market leading financing marks a significant milestone for Aypa Power and reflects the scale, quality and readiness of our development portfolio. The warehouse facility positions us to advance a growing pipeline of utility-scale energy storage projects and continue delivering critical infrastructure that strengthens grid reliability across US markets."