Articles from Flatiron Energy

Flatiron Energy ("Flatiron" or the “Company”) announced today that it has closed on an expansion of its existing $125 million credit facility closed in 2024 (“Credit Facility”) with certain funds and accounts managed by HPS Investment Partners (“HPS”), bringing the total facility size to $250 million. The Company will utilize the Credit Facility for development and construction expenses associated with its development and under-construction portfolio of approximately 4.5GW / 18 GWh of utility-scale battery storage assets.

Flatiron Energy ("Flatiron" or “the Company”) announced today that it has closed on approximately $540 million of financing commitments from leading financial institutions to support the construction and operations of the Taft Project (“Taft”) in Uxbridge, Massachusetts. Taft is a 200MW / 800MWh battery energy storage asset that will reach commercial operations in late 2026 to support the local communities that rely upon the eastern Massachusetts grid. The financing commitments span across construction and bridge loan facilities, term loan facilities, letter of credit facilities, a preferred equity commitment, and a tax credit transfer commitment.