First Citizens Bank Serves as Lead Arranger on $133 Million for Massachusetts Battery Energy Storage Project

Cranberry Point is a 150 MW / 300 MWh battery energy storage project developed by Plus Power with a targeted completion in the second quarter of 2025. Located on roughly 6 acres of land in Carver, Massachusetts, the project will interconnect near critical transmission infrastructure and represents the first major utility-scale standalone battery storage facility in construction on the New England grid. "The Cranberry Point Energy Storage facility is poised to improve grid stability and reliability while als ...