Today we are announcing that we have secured $513 million in project financing for our landmark Papago Storage project located in Maricopa County, #Arizona. Arizona is one of the fastest growing markets for energy storage in the United States, bolstered by the state’s growing economy and low-cost renewable energy resources. We are excited to see nearly one decade of planning culminate in the financing of what will be the largest #energystorage project in Arizona. Thank you to our valued partners at NORD/LB, MUFG, Bank of America, CoBank, DNB, Rabobank, Siemens Financial Services, and Zions for your support! More here: https://lnkd.in/ey-vDg-s
I’d love to connect with you guys on considering hybrid supercapacitor storage for this or future projects, with a cycle life beyond 30k cycles, operating temp -40 to 160F, and immunity to thermal runaway, this is perfect for Arizonas climate. We offer medium and high voltage solutions for commercial and grid storage. I’m based in Glendale myself.
Exciting times! We would be interested in building this project!
Very cool project for the ReCurrent crew! Also big congrats to MUFG and Nord.
Congrats to the Recurrent team! An exciting achievement for a monumental project
David Peisel !!!!!!!!
Fantastic update!
Editor & Insight Director
2moExciting project - have you heard about the launch of the Energy Storage Investment Awards 2024 from Tamarindo, the publisher of Energy Storage Report? You can download the Awards Entry Pack here: https://hubs.la/Q02z4wk50 You can find more information about the judging panel here: https://tamarindo.global/event/energy-storage-investment-awards-2024/#judging