What Lightshift Energy does

Lightshift Energy, founded in 2019 in Arlington, Virginia (originally as Delorean Power), is a privately-held utility-scale battery energy storage system (BESS) developer that develops, owns, and operates grid-scale storage projects across the United States. The company deploys lithium-ion BESS solutions ranging from 2 MW to 16+ MW per site, using Trina Storage's Elementa 2.0/2.5/2 Pro hardware platform, and serves three primary customer verticals: municipal light departments, rural electric cooperatives, and large industrial electricity consumers (notably a 16 MW behind-the-meter contract with semiconductor manufacturer GlobalFoundries in Vermont). Its core differentiation is a proprietary analytics platform and a portfolio-based deployment model that, combined with aggregation partnerships (MMWEC in Massachusetts, Blue Ridge Power Agency in Virginia), allows smaller municipal utilities and cooperatives to access storage they could not procure independently.

The business model is asset ownership under long-term contracts (20-30 year leases or PPAs), where Lightshift retains development, financing, construction, and operational responsibility in exchange for capacity, ancillary services, and energy payments from off-takers and wholesale markets (PJM, ISO-NE, MISO). Revenue streams include firm dispatchable capacity, peak shaving and demand charge management, frequency regulation, spinning reserves, and grid resilience services. The company is backed by Greenbacker Capital Management / GDEV Management, has raised $175M across equity and debt facilities since March 2024, and operates a 4,000+ MW development pipeline spanning more than 20 projects across multiple US states.

As of mid-2025, Lightshift had 7 operational projects totaling 102 MWh and over $450M in projected lifetime customer savings, with a development pipeline exceeding 16 GWh. The company's leadership includes former FERC Energy Storage Policy Coordinator Michael Herbert (who authored the technical framework for Order No. 841), former Enel North America Head of Finance Ryan Miamis (who led $6B in tax equity/project finance), and a CTO with US Navy nuclear submarine program leadership experience.

Name

Lightshift Energy

Legal name

Delorean Power LLC

Website

https://lightshift.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Lightshift Energy is a utility-scale battery storage developer that develops, owns, and operates grid-scale BESS projects (2-16+ MW) for municipal utilities, rural electric cooperatives, and large industrial consumers across the US under 20-30 year contracts, with a development pipeline exceeding 16 GWh.

Ownership category

akta.pro rank

Product category

Utility-Scale Energy Storage

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS EPC, Integration & Commissioning (EUAFAAAB), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

Keywords

• Utility-scale battery storage
• Energy storage development
• Battery energy storage systems
• Grid-scale storage projects
• Lithium-ion battery storage

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Project Development and Ownership: Lightshift develops, owns, and operates battery storage projects. Revenue is generated through long-term contracts (20-30 year leases/PPAs) with utility partners and large consumers, delivering capacity and grid services in exchange for payments that cover capital costs and generate returns. Projects provide services including peak shaving, renewables integration, grid resilience, and demand charge management.
2. Alternative Project Financing: Lightshift offers alternative financing structures that allow smaller municipal utilities and rural cooperatives to access battery storage benefits without bearing the full capital cost. This enables smaller communities to participate in energy storage deployment, with Lightshift retaining ownership and operational responsibility.
3. Firm Capacity and Ancillary Services: Battery storage assets provide firm dispatchable capacity, transmission and distribution support, frequency regulation, spinning reserves, reactive power, and load following. These services generate revenue through capacity payments and ancillary service markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Lightshift Energy develops, owns, and operates utility-scale lithium-ion battery energy storage systems (BESS) across North America, with projects ranging from 2 MW to 250 MW. The company provides a full suite of services including site selection, engineering, permitting, financing, construction, and asset management, paired with an alternative project financing model that enables municipal utilities and rural cooperatives to access storage without capital outlay. Projects deliver firm dispatchable capacity, peak shaving, demand charge management, grid resilience, microgrid backup, frequency regulation, and renewable integration services under long-term contracts.

Product overview

Lightshift Energy is a utility-scale energy storage development company that develops, owns, and operates battery storage solutions throughout North America. The company operates a portfolio-based model combining individual BESS projects with coordinated fleet deployment services. Their core product consists of grid-scale battery storage systems ranging from 2-16 MW, which are deployed at municipal utilities, rural electric cooperatives, and large industrial facilities. These projects provide services including firm dispatchable capacity, transmission and distribution support, peak shaving, grid reliability, microgrid backup power, and renewable energy integration. The company tailors each project from analytics and development through engineering and financing, working with utilities to maximize energy storage value.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Battery Energy Storage Systems (BESS) Lightshift develops, owns, and operates utility-scale battery storage solutions throughout North America, specializing in lithium-ion battery storage technologies ranging from 2 MW to 250 MW per project. The offering is provided to utilities, municipalities, rural electric cooperatives, and large electric consumers under long-term contracts.
• Massachusetts Municipal BESS Portfolio - Phase II Coordinated portfolio of battery storage projects for Massachusetts municipal light departments developed in partnership with MMWEC (Massachusetts Municipal Wholesale Electric Company), enabling smaller utilities to access storage they could not independently develop. Total deployed capacity of 23.5 MW across six communities.
• Virginia Rural Cooperative BESS Portfolio Portfolio of battery energy storage projects deployed in partnership with Blue Ridge Power Agency across rural Virginia electric cooperatives and municipal utilities. Five projects totaling approximately 25 MW with projected $100 million in lifetime savings.
• Behind-the-Meter BESS for Large Industrial Consumers Dedicated behind-the-meter battery storage solutions for large industrial facilities, data centers, and semiconductor manufacturers, providing demand charge management, peak shaving, backup power, microgrid capabilities, and emissions reduction. Custom-tailored projects for individual high-load consumers.

Quantifiable outcome

• $40 million in projected savings for Danville, VA from 10.5 MW project
• +7 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Massachusetts Municipal Wholesale Electric Company (MMWEC)coreStrategic or Co-development Partner · 23 June 2026Lightshift partners with MMWEC to deploy battery storage projects across Massachusetts municipal light departments. Six new projects totaling 23+ MW across Georgetown, Ipswich, Groton, Princeton, Ashburnham, and Marblehead are expected to save over $90 million in lifetime savings. MMWEC enables smaller municipal utilities to access storage through coordinated fleet deployment. The partnership has previously delivered projects in Wakefield, Paxton, Holden, and Groton.
• Blue Ridge Power AgencycoreStrategic or Co-development Partner · 16 April 2026Lightshift and the Blue Ridge Power Agency partnered to deploy a portfolio of battery energy storage projects across rural Virginia with Central Virginia Electric Cooperative, Craig-Botetourt Electric Cooperative, and City of Salem Electric Department. Five projects (~5 MW each) are under construction and expected online in 2026. Projected to save approximately $100 million over project lifetimes.
• GlobalFoundriescoreOthers · 3 February 2026Lightshift is developing Vermont's largest battery storage project (16 MW) for GlobalFoundries' semiconductor manufacturing facility in Essex Junction, VT. The system will cover up to 40% of the facility's load for peak shaving and is expected to be operational in 2026. The project reduces transmission costs for the semiconductor manufacturer.
• Trina StoragecoreStrategic or Co-development Partner · 11 December 2025Expanded strategic partnership to deliver over 1 GWh of grid-scale energy storage projects across the United States. The collaboration deploys Trina Storage's Elementa 2.0, 2.5, and 2 Pro BESS solutions with regional teams providing integration, EMS coordination, grid testing, and onsite commissioning. Builds on successful joint projects in Groton, Holden, and Paxton, Massachusetts in 2024, where two sites were commissioned ahead of schedule during a Northeast heatwave.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Convergent Energy + Power: Convergent develops, owns, and operates distributed utility-scale BESS and solar+storage projects across North America, with a similar model of partnering with municipal utilities, cooperatives, and commercial customers. Closely comparable in target customer, business model (developer/owner/operator), and project scale.
• Plus Power: Plus Power is a standalone battery energy storage IPP that develops, owns, and operates utility-scale BESS projects across multiple U.S. ISOs. Directly comparable in technology focus, ownership model, and merchant/contracted storage revenue mix.
• Key Capture Energy: Key Capture Energy (acquired by Ares Management) is a developer, owner, and operator of utility-scale battery energy storage projects in the U.S., with similar project size range (5-40+ MW) and focus on ISO markets. Several Lightshift team members (e.g., Matt Rariden) joined from Key Capture, indicating direct labor-market and operational overlap.
• Jupiter Power: Jupiter Power is one of the largest U.S. standalone battery storage operators with a focus on ERCOT and ISO markets. Senior Asset Manager Jeewoong Oh joined Lightshift directly from Jupiter Power, and the company shares a developer/owner/operator model targeting capacity, ancillary, and merchant storage revenues.
• Aypa Power: Aypa Power (formerly Hecate Energy Storage) is a utility-scale battery storage developer and IPP backed by Blackstone, developing front-of-the-meter storage projects across the U.S. Highly comparable in core technology, business model, and project pipeline scale.
• esVolta: esVolta is a developer, owner, and operator of utility-scale battery energy storage projects in the U.S., with operating assets in California, Texas, Arizona, and other markets. Comparable in IPP model, scale of individual projects, and focus on capacity and ancillary services revenue.
• Fluence Energy: Fluence is a global BESS technology and services provider, and Lightshift VP of Analytics Colleen Lueken was a senior leader at Fluence. While Fluence sells hardware/EMS/software rather than owning assets, it is a closely adjacent peer in project design, optimization, and dispatch for utility-scale storage.

Broad incumbents

• Tesla Energy: Tesla Energy offers Megapack utility-scale BESS, Powerwall, and solar products. As a vertically integrated incumbent with in-house cell, pack, and software, Tesla represents both a potential competitor to Lightshift in IPP markets and a benchmark for hardware pricing.
• Invenergy: Invenergy is a large privately-held renewable energy and storage developer and operator. Lightshift CCO Rob Greskowiak previously led Invenergy's eastern U.S. origination, and Invenergy's scale, balance sheet, and integrated development capability make it a broader incumbent peer in PJM and ISO-NE storage markets.

Emerging players

• Stem Inc: Stem is a storage and AI-driven energy optimization software provider. Lightshift's Head of Markets and Operations, Aaron Gonzalez, previously worked at Stem, and Stem's focus on behind-the-meter and ISO-NE market participation provides a useful adjacent comparison for Lightshift's commercial offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lightshift-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lightshift Energy