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NineDot Energy Raises $225 Million in Equity Financing to Build and Operate Distributed Battery Energy Storage Projects
CGCarlyle(CG) Businesswire·2024-01-10 15:51

NEW YORK--(BUSINESS WIRE)--NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metropolitan area, today announced that it secured an additional 225millionequitycapitalcommitmentfromManulifeInvestmentManagementaswellasCarlyle(NASDAQ:CG),NineDot’sexistinginstitutionalequityinvestor.ManulifeInvestmentManagementledtheroundwitha225 million equity capital commitment from Manulife Investment Management as well as Carlyle (NASDAQ: CG), NineDot’s existing institutional equity investor. Manulife Investment Management led the round with a 135 million commitment and concurrently acquired an equity interest. This new equity funding ...