Recurrent Energy, Hecate Grid raise US$640 million for US battery storage projects
- Admin
- Jun 22, 2024
- 1 min read
The article discusses the financing and development of battery energy storage projects by Recurrent Energy in Arizona and Hecate Grid in the US. Recurrent Energy closed a $513 million financing for the Papago Energy Storage project in Arizona, while Hecate Grid secured a $125 million letter of credit facility for its portfolio of US BESS projects. Both companies operate under a build-own-operate model for battery storage projects.
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