One deal stood above the rest in a year marked by climate urgency and financial innovation. Intersect Power’s groundbreaking $837 million battery storage financing transaction has officially been named "Deal of the Year" by Energy Risk, a title that not only signals industry-wide admiration but also in a single, tightly orchestrated package. Investors included industry heavyweights like MUFG, Nord/LB, Bank of America, and Generate Capital. Together, they brought the kind of capital firepower typically reserved for traditional fossil fuel infrastructure—buthighlights a pivotal shift in how clean energy infrastructure is funded at scale.
This wasn’t just a big deal. It was a bet on the future.
Announced earlier this year, the transaction consolidated financing for 1.5 GWh of standalone battery energy storage systems (BESS) across California and Texas. These sites—some already operational—are among the most ambitious deployments of storage tech in the country. But what set the deal apart wasn’t just its scale. It was the structure.
Intersect Power combined construction financing, term debt, tax equity, and project-level equity in a single, tightly orchestrated package. Investors included industry heavyweights like MUFG, Nord/LB, Bank of America, and Generate Capital. Together, they brought the kind of capital firepower typically reserved for traditional fossil fuel infrastructure—but redirected toward battery storage, a clear signal of changing tides.
“The ability to secure financing at this level shows the market is maturing fast,” said Intersect Power CEO Sheldon Kimber in a previous statement. “It’s not just about building clean energy anymore—it’s about building it with financial tools that make it sustainable for decades.”
The award, announced by Energy Risk in May, puts Intersect Power in elite company. Previous winners include LNG giants, global utilities, and complex derivatives traders. For a clean tech firm to take the title is a symbol of how quickly energy finance is evolving.
Battery storage is no longer the silent partner in renewable energy. As solar and wind continue to scale, storage is now the lynchpin of grid reliability, and Wall Street is catching on. Intersect Power hasn't just won a trophy by structuring one of the most sophisticated clean energy financings in U.S. history; it’s also won investor confidence.
And that might be the most valuable storage asset of all.
