Prejudice plus power

First Citizens Bank Coordinates $672 Million in Financings for Plus Power on Three Battery Storage Projects

Retrieved on: 
Tuesday, October 17, 2023
Clean Energy Finance Corporation, Investment, First Citizens Bank of South Carolina, Energy, Bank, ERCOT, Prejudice plus power, Wind, First Citizens BancShares, Renewable energy

The projects, all supporting the ERCOT grid in Texas, consist of:

Key Points: 
  • The projects, all supporting the ERCOT grid in Texas, consist of:
    Rodeo Ranch Battery Storage, a 300MW / 600MWh facility located in Reeves County, which received $276 million in construction and term financing.
  • Ebony Energy Storage, a 200 MW / 400 MWh facility located in Comal County, northeast of San Antonio, which received $196 million in construction and term financing.
  • Plus Power is a leader in developing, owning and operating energy storage systems.
  • "As a leader in battery energy storage financing, First Citizens Bank was pleased to support Plus Power in arranging financing for these three significant projects," said Mike Lorusso, managing director of First Citizens Bank's Energy group.

Major leap forward for standalone battery energy storage, as sector leader Plus Power raises additional $1.8 billion to help incorporate renewables and stabilize the power grid

Retrieved on: 
Tuesday, October 17, 2023
Partnership, Infrastructure, Société Générale, Climate change, BESS, ERCOT, Wind, Letter, Deutsche Bank, Erongo Battery Energy Storage System, Salt River Project, CLA, Sierra Estrella, Carbon, Goldman Sachs, Electricity, SFS, Pleasure, Bank of America, Energy, WEC Energy Group, Norddeutsche Landesbank, Ebony, Growth, CoBank, Prejudice plus power, First Citizens BancShares, Bank of America Tower (Manhattan), History, Bank, Energy storage, Renewable energy, Cryptocurrency, U.S. Bancorp

THE WOODLANDS, Texas, Oct. 17, 2023 /PRNewswire/ -- Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy.

Key Points: 
  • Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage.
  • " Nord/LB is honored to have supported industry leader, Plus Power, as CLA for the landmark stand-alone battery storage transactions, Sierra Estrella and Superstition Energy Storage.
  • We are excited to witness their impact on the clean energy transition and look forward to supporting Plus Power on future opportunities."
  • "Societe Generale is pleased to have supported Plus Power – a leader in the renewables & energy storage market – in this landmark Battery Energy Storage financing," said Eric Kim, the Head of Société Générale's Energy+ Group .

Spearmint Energy Welcomes Tara Young as General Counsel

Retrieved on: 
Thursday, September 7, 2023
Alternative Energy, Energy, Professional Services, Legal, Other Energy, Diamond, Tufts University, Berkshire Hathaway Energy, University, General counsel, Prejudice plus power, Eye, Growth, Policy, University of Washington School of Law, Diamond Resorts, Spearmint

Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Tara Young, former Deputy General Counsel at Plus Power, has joined the Company as General Counsel, effective immediately.

Key Points: 
  • Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Tara Young, former Deputy General Counsel at Plus Power, has joined the Company as General Counsel, effective immediately.
  • Ms. Young brings twenty years of regulatory affairs, compliance, and corporate governance experience to Spearmint.
  • “As we continue to expand the footprint of our business and projects across the country, we are pleased to welcome Tara to the Spearmint team,” said Richard Cardone, Chief Operating Officer of Spearmint.
  • Ms. Young is a member of the Children’s Advocacy Project, where she provides pro bono representation to children in foster care.

Doral Renewables LLC Appoint Tyrone Thomas as General Counsel

Retrieved on: 
Wednesday, April 6, 2022
Banking, Professional Services, Other Energy, Nuclear, Utilities, Oil, Gas, Alternative Energy, Environment, Insurance, Energy, Finance, Hunter College, Prejudice plus power, Illinois College, Tel Aviv Stock Exchange, Doral, BS, JD, CEO, Industry, General counsel, University of Illinois College of Law, Invenergy, Solution, Urban studies, University, Management, Renewable energy, Banking, Professional Services, Other Energy, Nuclear, Utilities, Oil, Gas, Alternative Energy, Environment, Insurance, Energy, Finance

Doral Renewables LLC (dba Doral LLC), a leading developer and operator of clean energy generation assets, welcomes Tyrone H. Thomas, Jr. as General Counsel.

Key Points: 
  • Doral Renewables LLC (dba Doral LLC), a leading developer and operator of clean energy generation assets, welcomes Tyrone H. Thomas, Jr. as General Counsel.
  • Nick Cohen, President & CEO, Doral LLC: "Energy development, construction and operating is one of the most dynamic businesses.
  • Doral LLC was founded in 2019 as a joint venture between Doral Group and Clean Air Generation.
  • The management team of Doral LLC includes experienced multidisciplinary individuals who worked together for many years in the renewables industry in the US.

Plus Power Closes $219 Million Non-recourse Project Finance and Credit Facilities for 185 MW/565 MWh Kapolei Energy Storage Project

Retrieved on: 
Wednesday, November 10, 2021
Syndication, Hawaiian Electric Industries, SAN, Technology, Silicon Valley Bank, Growth, USA, Multimedia, KeyBank, CoBank, Prejudice plus power, DTE Electric Company, KES, Mizuho Securities, Algorithm, Mizuho, Renewable energy

SAN FRANCISCO, Nov. 9, 2021 /PRNewswire/ --Plus Power, an independent developer of transmission-connectedbattery energy storage projects, today announced it closed a landmark credit facility forits 185 MW/565 MWh Kapolei Energy Storage (KES) project in Hawai'i.

Key Points: 
  • SAN FRANCISCO, Nov. 9, 2021 /PRNewswire/ --Plus Power, an independent developer of transmission-connectedbattery energy storage projects, today announced it closed a landmark credit facility forits 185 MW/565 MWh Kapolei Energy Storage (KES) project in Hawai'i.
  • Plus Power's contract with Hawaiian Electric supports the largest standalone energy storage project financing including $188 million in non-recourse construction debt and $31 million in letters of credit for a total commitment of $219 million.
  • Plus Power's success completing KES' financingserves as a strong signal of capital market support for high quality, standalone energy storage projects.
  • Plus Power's transmission-scale standalone energy storage systems provide capacity, energy and ancillary services,shifting low-cost renewable energy deliveryto matchdemand.