Battery Developers Are Feeling Bullish on Mamdani

Battery Developers Are Feeling Bullish on Mamdani

Battery storage is moving full steam ahead in the Big Apple under new Mayor Zohran Mamdani. NineDot Energy, the city’s largest battery storage developer, just raised more than $430 million in debt financing for 28 projects across the metro area, bringing the company’s overall project pipeline to more than 60 battery storage facilities across every borough except Manhattan. It’s a huge sign from the marketplace that investors remain confident the…