Energy Storage developer Lightshift Energy has closed a $40 million corporate credit facility, provided by the institutional investment platform Aiga Capital Partners.
The company plans to move a large portion of its pipeline into construction during the second half of 2025 and into 2026. This facility is expected to support its expanding portfolio by addressing interconnection and power purchase agreement security needs, as well as equipment deposits and other related costs.
“This financing milestone strengthens our balance sheet and positions Lightshift to execute with speed and certainty as we bring more of our high-impact projects online,” said Rory Jones, Co-Founder and Managing Partner at Lightshift Energy. “We are pleased to partner with Aiga, whose innovative approach to structured credit supports our mission to advance a more resilient, capable and lower-cost grid.”
In 2023, the company secured $100 million from Greenbacker Capital Management, a renewable energy asset manager. Of the total funds secured, $20 million originated from a GCM-affiliated investment vehicle focused on equity investments in sustainable infrastructure development platforms.
According to Mercom’s recently released Q1 2025 Funding and M&A Report for Energy Storage, announced debt and public market financing for Energy Storage companies in Q1 2025 decreased 90% year over year, with $1.1 billion in 13 deals compared to $10.5 billion in six deals in Q1 2024.
In May, Aypa Power, an energy storage-focused independent power producer, announced the upsizing of its corporate credit facility by $400 million, which the company initially closed in July 2024. The upsized credit facility now totals $1.05 billion, comprised of a $300 million Term Loan, a $200 million Revolving Credit Facility, and a $550 million Letter of Credit Facility.
