NineDot Energy Secures $431 Million Financing For 28 NYC Battery Storage Projects

Funding from Natixis Corporate & Investment Banking will support construction and operation of 124 MW / 494 MWh of community-scale battery storage.

Published on Feb. 9, 2026

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NineDot Energy, a leading developer of community-scale battery energy storage systems in the New York City metro area, has secured a $431 million debt financing led by Natixis Corporate & Investment Banking. The funding will support the construction and operation of 28 battery storage projects totaling 124 MW / 494 MWh, capable of powering over 100,000 NYC households during peak demand. This brings NineDot's total funding raised to over $1 billion for its 60+ project pipeline.

Why it matters

The new battery storage projects will help make the electric grid in New York City cleaner, more resilient, and more affordable. The battery systems can reduce reliance on high-emission 'peaker' plants, maximize the use of renewable energy sources like solar and wind, and provide power to neighborhoods when the grid is under strain. The projects are also enrolled in New York's energy affordability program, contributing funds to assist low-income households with their utility bills.

The details

The $431 million financing comprises a construction-to-term loan facility, a tax-credit-transfer bridge loan, and a letter-of-credit facility. NineDot will use this funding to support the construction and operation of 28 battery energy storage projects expected to reach commercial operation from now through the end of 2027. The projects will create over 3,000 direct and indirect jobs, representing a total economic output of nearly $3.5 billion over the lifetime of the projects.

  • NineDot's 28 new battery storage projects are expected to reach commercial operation on a rolling basis from now through the end of 2027.
  • The company's currently enrolled energy affordability program projects, including the 28 supported by this financing, will contribute over $60 million to the savings pool for low-income households over the next ten years.

The players

NineDot Energy

The leading developer of community-scale battery energy storage systems in the New York City metro area.

Natixis Corporate & Investment Banking

The financial institution that led the $431 million debt financing for NineDot Energy's battery storage projects.

David Arfin

The CEO and Co-founder of NineDot Energy.

Jim Kaiser

The Head of Infrastructure and Energy, North America at Natixis Corporate & Investment Banking.

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What they’re saying

“With this financing, NineDot has raised more than one billion dollars to bring community battery storage to the NYC metro area.”

— David Arfin, CEO and Co-founder, NineDot Energy (BusinessWire)

“We're exceedingly pleased to have worked with NineDot Energy on this impactful financing. Natixis CIB is an innovative financial institution, well-positioned to support the grid modernization that NineDot has accomplished here.”

— Jim Kaiser, Head of Infrastructure and Energy, North America, Natixis Corporate & Investment Banking (BusinessWire)

What’s next

NineDot Energy is on track to achieve its goal of having 400 MW of battery storage in operation, construction or development by the end of 2026. The company currently has seven operating projects and anticipates additional projects coming online in the coming months throughout New York City.

The takeaway

NineDot Energy's new $431 million financing demonstrates the growing commitment and urgency from financial institutions to deploy community-scale battery storage projects that can help make the electric grid in New York City cleaner, more resilient, and more affordable for residents.