Lightshift Energy, a prominent developer, owner, and operator of energy storage systems, has announced the financial close of a credit facility of up to $40 million with Aiga Capital Partners. Aiga is an institutional investment platform focused on providing innovative financing to North American companies involved in sustainable infrastructure development.
This new credit facility will be used strategically to support the continued growth of Lightshift Energy’s project portfolio. The funds will help cover interconnection and power purchase agreement (PPA) security deposits, equipment purchases, and other project-related expenses. The facility is also expandable, offering Lightshift flexibility as it advances more projects toward the construction phase.
Rory Jones, Co-Founder and Managing Partner at Lightshift Energy, stated, “This financing milestone strengthens our balance sheet and positions Lightshift to execute with speed and certainty as we bring more of our high-impact projects online. We are pleased to partner with Aiga, whose innovative approach to structured credit supports our mission to advance a more resilient, capable and lower-cost grid.”
Angel Fierro, Managing Partner at Aiga Capital Partners, mentioned, “At Aiga, we are committed to delivering creative, scalable financing solutions to best-in-class developers leading the energy transition. Lightshift has demonstrated both the technical expertise and disciplined execution needed to drive the next generation of battery storage deployment, and we are excited to support their ambitious build-out.”
The timing of this financing is significant, as Lightshift is preparing to bring a large portion of its development pipeline into construction starting in the second half of 2025 and continuing into 2026. With this financial support in place, the company is better positioned to accelerate the deployment of its energy storage projects and respond to the increasing demand for clean, flexible, and reliable power solutions. This agreement further strengthens Lightshift Energy’s position in the energy storage sector and highlights its role as a dependable partner for utilities, commercial energy users, and communities working toward a sustainable energy future.
