In a pivotal move for the U.S. clean energy storage sector, Lightshift Energy has secured a $75 million financing package from KeyBanc Capital Markets to fuel the next phase of its growth. This flexible credit facility marks a major milestone in scaling battery energy storage systems (BESS) across the East Coast, strengthening grid resilience, and supporting energy-intensive industries like semiconductor manufacturing.

The $75 million facility, structured by KeyBanc Capital Markets, reflects a growing investor confidence in the long-term potential of battery storage solutions. The package includes a term loan, a construction-to-term loan, and a tax equity bridge loan — providing Lightshift with the flexibility to finance both existing and upcoming projects efficiently. With KeyBanc acting as the sole lender and structurer, this partnership demonstrates a strong alignment between financial innovation and clean energy advancement. The move comes at a crucial time when the U.S. energy sector is shifting rapidly toward storage-backed renewable integration.

Lightshift Energy’s financing proceeds are being strategically deployed to support a 16-project portfolio that spans Massachusetts, Virginia, and Vermont. Of these, six battery storage systems are already operational, while ten are under or nearing construction. A standout among these is the 16 MW Essex BESS project in Vermont, developed in collaboration with GlobalFoundries — a flagship initiative that will enhance power reliability for semiconductor manufacturing by 2026. Across Massachusetts and Virginia, Lightshift operates multiple BESS assets totaling over 26 MW, including facilities in Wakefield, Holden, Groton, and Danville. Collectively, these projects represent the backbone of a regional effort to stabilize grids, reduce transmission costs, and meet escalating demand from utilities and data centers.

This financing not only supports Lightshift’s current assets but also paves the way for its ambitious growth pipeline. The company’s projects are designed to deliver firm capacity, bolster renewable integration, and minimize dependence on fossil-fuel-based peaking plants. By addressing the energy challenges of both urban and industrial sectors, Lightshift Energy is positioning itself as a pivotal player in America’s clean energy infrastructure. The partnership with KeyBanc Capital Markets signifies a new era of scalable, finance-driven clean technology — where strategic capital and innovation converge to accelerate sustainability goals.

Lightshift Energy’s $75 million credit facility from KeyBanc Capital Markets signals a defining moment in U.S. energy storage development. With projects spanning multiple states and sectors, the company is not just expanding capacity — it’s redefining how renewable energy is stored, delivered, and optimized for the future.

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