Calibrant Energy announced on November 10, 2026, that it closed a $145 million debt facility led by Investec Bank plc to finance solar and battery storage projects across multiple U.S. power markets. The financing recapitalizes operating assets and funds new construction projects. Citi, Liberty Bank and Siemens Financial Services also participated in the facility.
The financed portfolio includes a 120 MWh battery energy storage system serving a hyperscale data center customer in PJM. Calibrant said site mobilization is underway for the project. It also said the portfolio includes additional sites with the same hyperscale customer, but did not provide capacities for those locations.
Calibrant said its engineered storage systems allow energy-intensive facilities to control how and when they draw electricity. According to the company, that flexibility can support faster interconnection timelines and reduce the need for grid infrastructure upgrades that could otherwise be passed on to other ratepayers. The announcement comes as data center operators seek faster access to power while PJM and federal regulators consider how large power users connect to the grid.
The company offers turnkey projects that it develops, owns and operates without requiring upfront capital from customers. Calibrant said it now has more than 5.9 GWh of battery storage capacity in operation, under construction or covered by exclusive development agreements. Across its broader project portfolio, the company reports more than 2.2 GW and 5.9 GWh in those stages.
Calibrant Energy is backed by Macquarie Asset Management. Investec said the financing supports infrastructure intended to meet rising U.S. power demand and advances the energy transition. The debt facility spans several electricity markets rather than a single regional portfolio.
Source: prnewswire.com
