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nine.energy

Late Stage

NineDot Energy (nine.energy) develops community-scale battery energy storage systems (BESS) for the electric grid, focusing on urban clean energy deployment in the New York City metropolitan area. As the leading BESS developer in the region, the company operates sites across the Bronx, Brooklyn, Queens, Staten Island, Westchester County, and Long Island, helping to make the local power grid cleaner, more resilient,…

Energy Tech · Energy Storage Tech · United States · EST 2020

About

NineDot Energy (nine.energy) develops community-scale battery energy storage systems (BESS) for the electric grid, focusing on urban clean energy deployment in the New York City metropolitan area. As the leading BESS developer in the region, the company operates sites across the Bronx, Brooklyn, Queens, Staten Island, Westchester County, and Long Island, helping to make the local power grid cleaner, more resilient, more equitable, and less costly. NineDot Energy combines real estate development expertise with energy technology, navigating the complex urban environment to site, permit, and deploy battery storage projects in densely populated areas where grid constraints are most acute. The company's projects include the first Tesla Megapack system in NYC (3 MW / 12 MWh in the Northeast Bronx), and it recently completed a $431 million financing with Natixis for 28 battery energy storage projects across New York City. NineDot also supports EV infrastructure development and engages with local communities through educational and arts partnerships. The company is headquartered at the NYU Urban Future Lab in Brooklyn. Founded in 2020 and based in New York City, NineDot Energy has raised $325 million in late-stage funding backed by New York State, The Carlyle Group, Manulife Investment Management, Deutsche Bank, the Urban Future Lab, and Innovation Incubator.

Business model

Energy Storage Tech > Energy Storage System > Lithium Ion

Institutional investors

New York StateThe Carlyle GroupManulife Investment ManagementDeutsche BankUrban Future LabInnovation Incubator

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