SUBSCRIBE
PROFILE

Greenbacker invests $100M in Lightshift

Lightshift, formerly Delorean Power, secures $100M from Greenbacker to boost its multi-gigawatt energy storage solutions.

Share:

investissement Greenbacker 100 millions Lightshift

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

On March 28, 2024, in Arlington, Virginia, Lightshift Energy, formerly known as Delorean Power, received a total investment of $100 million from Greenbacker Capital Management LLC (GCM). An amount of $20 million comes from an investment vehicle affiliated to GCM, dedicated to growth capital investments in sustainable infrastructure development platforms. This investment will be used to expand Lightshift’s team, accelerate sales and develop its project pipeline. A second investment of $80 million, also from a GCM-affiliated vehicle investing in sustainable infrastructure assets, will support the construction and operation of Lightshift’s portfolio.

A stronger commitment from Greenbacker

Benjamin Baker, head of growth capital investment strategy at Greenbacker, said the commitment to Lightshift Energy underscores the company’s determination to accelerate “the integration of sustainable energy in the United States”. He mentioned that Lightshift is well positioned to help utilities optimize battery storage for their systems, responding to the growing demand for grid resilience and the integration of an increasingly complex power system with energy storage solutions.

Strategic direction of investments

These recent investments follow Greenbacker’s initial strategic investment in Lightshift in 2021, which was $20 million from Greenbacker Development Opportunities Fund I. They come on the heels of the recent name change of Lightshift Energy, formerly Delorean Power, and are designed to strengthen the company’s operational capacity and expand its projects to meet the growing demand for integrated grid solutions.

Dan De Boer, Infrastructure Manager for Sustainable Infrastructure Strategy at Greenbacker, said that large-scale grid storage is “revolutionizing” electricity management, and that Lightshift’s battery solutions provide both energy reliability and cost stability. He stressed that Lightshift is a proven partner to meet the needs of rural and urban utilities looking for sustainable, cost-effective options that increase the energy resilience of their communities.

  • Popular on energynews.pro
Sembcorp acquires ReNew’s solar unit in India for $190mn
Oil rises 1.3% after limited OPEC+ output increase
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt
Nightpeak Energy commissions 150 MW battery to support Texas grid
Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.
Neoen surpasses 3 GWh of storage in Western Australia with Muchea and Collie 2
Neoen has launched construction of its first long-duration battery in Muchea and commissioned the second stage of Collie Battery, bringing its storage capacity in Western Australia to 3,145 MWh.
Canada injects CAD22mn to boost battery sector with eight domestic projects
Ottawa invests CAD22mn ($16.1mn) to support eight technology initiatives aimed at strengthening innovation, local production, and competitiveness in the country's battery supply chain.
Neoen launches 905 MWh long-duration battery and commissions Collie 2 in Australia
Neoen begins construction of its first six-hour discharge battery in Western Australia and commissions the second phase of Collie, surpassing 3 GWh of storage capacity in the State.
Transgrid to mobilise up to 5 GW of batteries to stabilise New South Wales grid
Transgrid plans to contract up to 5 GW of grid-forming batteries to strengthen the stability of New South Wales’ electricity network during the energy transition.
US energy storage hits record 5.6 GW in the second quarter
The US energy storage market set a quarterly record with 5.6 GW installed, driven by utility-scale projects despite ongoing regulatory uncertainty.
HiTHIUM signs 2GWh deal with Solarpro for large-scale storage projects in Eastern Europe
Storage provider HiTHIUM will supply 2GWh of batteries to Solarpro for multiple large-scale projects across the Balkans and Central Europe.
SPARX, Kansai EPCO and JA Mitsui Lease launch 80MW grid-scale storage in Japan
The three Japanese groups announced two new high-voltage battery projects in Shizuoka and Ibaraki prefectures, bringing their joint portfolio to four facilities with a combined capacity of 180MW.
EVE Energy signs 500MWh with CommVOLT to accelerate European storage
EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.
Energy Vault secures additional $50mn to support storage project development
Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.
Grenergy doubles its investments and strengthens its position in energy storage
Grenergy reported €86mn in EBITDA in the first half of 2025 and raised its investments to €421mn, supported by increased energy sales and major storage operations.
RWE registers Australia’s first eight-hour grid battery system
The 400 MWh energy storage system installed by RWE in Limondale becomes the longest-duration grid-connected battery in Australia, with full commissioning expected by the end of the year.
Jiangsu commissions 240 MWh on-site battery at Taizhou steel facility
A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.
Braille Energy takes over high-performance lithium battery distribution from Tony Christian Racing
Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.
NorthX invests $1.6mn in three Canadian energy storage companies
NorthX Climate Tech commits $1.6mn to three Canadian energy storage firms, supporting the development of localised grid solutions in British Columbia and Alberta.
Eni and Seri Industrial launch joint venture to produce batteries in Italy
Eni has launched an industrial project with Seri Industrial to produce lithium iron phosphate batteries in Brindisi, targeting a capacity of more than 8 GWh per year.
OCI Energy secures construction financing for 480 MWh battery in Texas
OCI Energy has finalised construction financing with ING for the Alamo City project, a 480 MWh battery to be operated by CPS Energy from 2027 in Bexar County, Texas.
Palladio Partners and Voltfang to invest EUR250mn in energy storage by 2029
Palladio Partners and Voltfang join forces to deploy large-scale energy storage systems in Germany, targeting EUR250mn ($267mn) in investments by the end of 2029.
EVE Energy connects the world’s first 400MWh energy storage project to the grid
EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.
GridStor acquires 400 MWh storage project in Arizona from Strata Clean Energy
GridStor has acquired a 100 MW battery storage project in Arizona from Strata Clean Energy, under a 20-year tolling agreement with Arizona Public Service to meet rising power demand.