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FinancingClosedApril 13, 2026

Elevate Renewables $50M Rabobank Energy Transition Supplier Finance Facility — Prospect Power Storage 150 MW/600 MWh, Rockingham County VA

Rabobank sole-arranged a $50M Energy Transition Supplier Finance Facility for Elevate Renewables (ArcLight Capital portfolio company) to support equipment procurement and working capital for its BESS pipeline. Primary project: 150 MW / 600 MWh Prospect Power Storage in Rockingham County VA (Data Center Alley). Secondary: Garden State Reliability / Two Rivers Storage, Bergen County NJ. Enables Elevate to optimize LFP procurement terms across its development pipeline.

$50M

Deal Value

150MW

Capacity

600MWh

Storage

Battery Storage

Technology

VA

Location

Deal Details

Deal Type
Supplier Finance Facility
Seller / Sponsor
Elevate Renewables
Buyer / Financier
Rabobank
Deal Value
$50,000,000
Stage
Construction
ISO/RTO
PJM

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