NineDot Energy
Creating distributed clean energy solutions for the urban grid
Creating distributed clean energy solutions for the urban grid
NineDot Energy is an energy startup dedicated to creating distributed clean energy solutions for the urban grid. The company focuses on developing innovative energy solutions to make the urban grid cleaner, more equitable, resilient, and cost-effective. Currently, their primary focus lies in building and operating battery storage sites in the New York City metropolitan area, including Westchester and Long Island, with plans to enable vehicle-to-grid (V2G) capabilities at their projects. The company takes pride in its 'outside the box' creativity, combining business model innovation and community-centered solutions to drive clean energy projects in high-value parts of the electric utility grid.
Founded in 2015, NineDot Energy is headquartered in the United States and is based at the NYU Tandon School of Engineering Urban Future Lab in Brooklyn, New York. The company has garnered financial support from various sources, including the U.S. Department of Energy (DOE), the New York State Energy Research and Development Agency (NYSERDA), and the Carlyle investment group, among others. In their latest funding round, they secured a $13.00M Debt Financing investment from SolaREIT™ on 16 April 2024.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | $25.00M | 1 |
|
17 Jul 2024 |
| Debt Financing | $13.00M | 1 |
|
16 Apr 2024 |
| Private Equity Round | $225.00M | 2 |
|
10 Jan 2024 |
| Grant | $1.20M | 1 |
|
24 Jul 2023 |
| Debt Financing | $25.00M | 1 |
|
20 Jul 2023 |
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