Lightshift Energy Raises $100 Million From Greenbacker Capital Management to Expand Utility Scale Battery Storage Across North America
Today, Lightshift Energy (“Lightshift”), formerly known as Delorean Power, announced capital infusions totaling $100M from Greenbacker Capital Management LLC ("Greenbacker" or “GCM”).
- Today, Lightshift Energy (“Lightshift”), formerly known as Delorean Power, announced capital infusions totaling $100M from Greenbacker Capital Management LLC ("Greenbacker" or “GCM”).
- The company has secured $20M from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms.
- These funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline.
- In addition, Lightshift has secured $80M from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets.