Private Equity Round in 2022
Founded in 2018, Noria has developed both floating and traditional solar projects, with over 1GW of constructed capacity in company’s history. The company also has a project pipeline in excess of 200MW, a figure that is expected to expand quickly following this investment.
Lightshift Energy, also known as Delorean Power LLC, specializes in developing utility-scale renewable energy storage solutions aimed at enhancing power system reliability while reducing costs. Established in 2019 and based in Alexandria, Virginia, the company focuses on innovative standalone storage technologies that cater to utilities, large electric consumers, municipalities, and rural electric cooperatives. Lightshift Energy's services include solar capacity firming, curtailment reduction, frequency regulation, voltage support, load following, spinning reserves, and alternative non-transmission solutions. By fostering investment in advanced energy storage systems, the company aims to support the communities it serves with efficient and sustainable energy solutions.
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