NineDot Energy Secures $85 Million Loan for 11 Renewable Community Energy Projects
NineDot Energy, one of the leading developers of community-accessible clean energy projects in the New York City region, has secured an $85 million loan for 11 new projects in The Bronx, Staten Island, Queens, and Long Island. The funding supports the completion of battery storage facilities that will provide sources of redundant, clean energy to existing grid infrastructure during peak demand, which helps avoid costly outages and unexpected service interruptions.