Elevate acquired the project, which is close to Virginia’s famed ‘Data Center Alley,’ in January from Swift Current Energy. Swift Current raised US$242 million for the project’s development in 2025, two years after acquiring it from an Open Road Renewable Energy and Eolian joint venture (JV).
Elevate, which has another project of equivalent size in New Jersey, supported by that state’s Garden State Energy Storage Program in its development portfolio, said it recently submitted 7.6GWh of BESS projects to PJM’s interconnection process.
Given the concurrent dynamics of electrification programmes and data centre and industrial load growth, PJM is facing unprecedented load growth, as discussed in an ESN Premium article last month.
Cypress Creek raises US$3.5 billion for Arkansas solar-plus-storage project
Cypress Creek Energy has secured US$3.5 billion in financing to support the development of a 1.63GW/1.9GWh solar-plus-storage project in Arkansas.
