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FinancingAnnouncedApril 16, 2026

Lightshift / Blue Ridge Power Agency Virginia BESS portfolio — five 5-MW (~25 MW total) distribution-connected battery energy storage systems serving three rural Virginia public-power utilities

Lightshift Energy will own and operate five 5-MW distribution-scale batteries under service agreements with three rural Virginia public-power utilities via the Blue Ridge Power Agency. Projected ~$100M of combined T&D savings over 20 years; comes online in 2026 to shave PJM peak transmission costs.

Deal Value

25MW

Capacity

BESS (Distribution-Connected)

Technology

VA

Location

Deal Details

Deal Type
Distribution-Connected Storage — Service Agreement
Seller / Sponsor
Lightshift Energy
Buyer / Financier
Central Virginia Electric Cooperative; Craig-Botetourt Electric Cooperative; City of Salem Electric Department (via Blue Ridge Power Agency)
Offtaker
Central Virginia Electric Cooperative; Craig-Botetourt Electric Cooperative; City of Salem Electric Department (via Blue Ridge Power Agency)
Stage
Construction / Pre-COD
ISO/RTO
PJM

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