Lightshift Energy, an energy storage developer, owner, and operator that has worked with public power utilities, on July 8 announced the financial close of a credit facility for up to $40 million with Aiga Capital Partners, an institutional investment platform.
The facility will serve as a strategic tool to support Lightshift’s rapidly growing portfolio by funding interconnection and power purchase agreement security requirements, equipment deposits, and other uses, it said.
“The expandable credit line comes at a critical time as Lightshift transitions a significant portion of its pipeline into construction during the second half of 2025 and into 2026,” it noted.
“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.”
“At Aiga, we are committed to delivering creative, scalable financing solutions to best-in-class developers leading the energy transition,” said Angel Fierro, Managing Partner at Aiga Capital Partners. “Lightshift has demonstrated both the technical expertise and disciplined execution needed to drive the next generation of battery storage deployment, and we are excited to support their ambitious build-out.”
“With this transaction, Lightshift Energy further establishes itself as a trusted partner to utilities, large-load customers, and communities seeking reliable and flexible clean power solutions,” the company said.
Lightshift Energy Works with Public Power Utilities
Lightshift Energy has worked with public power utilities across several states.
Massachusetts public power utility Groton Electric Light Department and Lightshift Energy, an energy storage project developer, owner and operator, recently hosted a ribbon-cutting ceremony to unveil a second battery storage project and microgrid in Groton, Massachusetts.
And Lightshift Energy on April 23 announced a second project with Virginia public power utility Danville Utilities “that will bring meaningful cost savings and enhance grid reliability for the City of Danville.”
In November 2024, Massachusetts public power utility Paxton Municipal Light Department and Lightshift Energy on Nov. 7 hosted a ribbon-cutting ceremony to unveil a battery storage project in Paxton, Mass., which will bolster the grid for PMLD and its customers.
Part of a first-of-a-kind program to deploy battery storage for Massachusetts Municipal Wholesale Electric Company’s municipal utilities, the energy storage project will reduce grid load during peak events, saving PMLD up to $10 million in energy costs and lessening the Commonwealth’s reliance on fossil fuels, MMWEC noted.
