New York’s NineDot secures funds for 400 MWh of urban batteries

A Brooklyn-based community-scale energy storage developer has secured sufficient funding to purchase almost 100 MW/400 MWh of BESS for its projects in the NYC metropolitan area.
NineDot Energy is installing battery and fuel cell-based energy storage projects in NYC and wants to have up to 50 battery sites in development, under construction, and operational in 2026.
The company, whose projects are all planned in the densely-populated NYC metro area, has now been backed by $65 million from lenders led by First Citizens Bank, for the purchase of BESS equipment. The latest injection of funding is part of a $500 million-plus capital pile secured to date.
The company’s utility-facing, “front of meter,” community-scale batteries sit between residential devices and utility-scale storage in size, typically being no more than 5 MW. With one site already operational, in the northeast Bronx, a NineDot representative told ESS News some of its planned sites will have solar panels colocated but space constraints mean the systems will have limited on-site renewable energy generation.
“All of NineDot’s projects – whether in operation or development – are in the NYC metro area, a really dense environment,” said the company spokesperson. “These ‘community-scale’ batteries can be placed closer to the [electricity] load, especially where the [electric] distribution system is stressed, and make the grid more resilient, in addition to cleaner.”
Announcing the latest finance injection in a press release on Jan. 22, 2025, NineDot CEO and co-founder David Arfin said, “For New York to achieve its sustainability goals, we know that battery [energy] storage is a critical enabler. First Citizens Bank understands this need and opportunity well and we’re thrilled to have them provide this equipment financing that affirms NineDot’s vision and execution capability.”