Calibrant Energy, an on site energy provider backed by Macquarie Asset Management, has closed a 145 million dollar debt facility led by Investec, with Citi, Liberty Bank and Siemens Financial Services also participating. The facility recapitalizes operating assets and funds construction of solar and battery storage projects across several United States power markets.
The portfolio includes a 120 megawatt hour battery energy storage system serving a hyperscale data center customer in the PJM market, and Calibrant said site mobilization for that project has begun. The company did not name the customer, the project’s location or the battery’s power rating in megawatts, and did not say how the 145 million dollars splits between refinancing and new construction.
Calibrant said it now has more than 5.9 gigawatt hours of battery storage capacity in operation, under construction or under exclusive development agreements, including additional sites with the same hyperscale customer. Its model is to develop, own and operate energy systems on customer sites, which the company pitches to data center operators as a faster route to power while PJM and federal regulators work through large load connections.