FinancingClosedNovember 7, 2025

Cross Town BESS — 175 MW / 350 MWh, Gorham, Maine (largest battery in ISO-NE region)

Plus Power secures $65M tax equity from Morgan Stanley for Cross Town BESS. 175 MW/350 MWh expected to be largest battery in ISO-NE region. Combined $160M tax equity with Cranberry Point MA project.

$65M

Deal Value

175MW

Capacity

350MWh

Storage

BESS

Technology

ME

Location

Deal Details

Deal Type
Project M&A
Seller / Sponsor
Plus Power
Buyer / Financier
Plus Power
Deal Value
$65M (tax equity from Morgan Stanley)
Stage
Construction
ISO/RTO
ISO-NE

Finance Counterparties

Lenders & Capital Providers

Tax Equity
Morgan Stanley

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