Energy Storage News•2 months ago
Plus Power secures US$160 million for New England BESS projects
- •Plus Power secured US$160 million in tax equity from Morgan Stanley for two battery energy storage system (BESS) projects.
- •The projects are located in Massachusetts and Maine, indicating active BESS development in the New England region.
- •This successful financing highlights the growing attractiveness and bankability of BESS investments, likely leveraging IRA tax credits.
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