Peregrine Energy Solutions has secured $317 million in funding to enhance its utility-scale battery energy storage projects, supported by partnerships with Bildmore Clean Energy and several leading lenders.

Information on the Target

Peregrine Energy Solutions, founded in April 2022 by Hagen Lee, is an integrated multi-technology clean energy platform specializing in utility-scale battery storage solutions. The company is focused on developing and establishing a comprehensive portfolio of energy storage projects across several regions, including the Southwest Power Pool (SPP), Midcontinent Independent System Operator (MISO), Electric Reliability Council of Texas (ERCOT), Pennsylvania-New Jersey-Maryland (PJM), and Western Electricity Coordinating Council (WECC). Peregrine is currently implementing battery energy storage projects, with two significant installations under construction in Texas.

In August 2023, Peregrine successfully closed a financing agreement with funds managed by AB CarVal, bolstering its financial foundation for the ambitious development plans ahead. The company has previously secured multiple rounds of funding, underscoring its growth trajectory within the clean energy sector.

Industry Overview in the Target's Specific Country

The clean energy sector in the United States is experiencing exponential growth, driven by increasing demand for sustainable energy solutions and a nationwide push to reduce carbon emissions. The battery energy storage market is expanding rapidly, fostering advance