EIP Storage
EIP Storage is a privately held, Chapel Hill-based developer of stand-alone utility-scale battery energy storage projects (BESS) — branded as Aurora Energy Storage — serving utilities and grid operators across 5 US states with a 3,250 MW / 9,000 MWh pipeline.
- Company typePrivate
- Founded2023
- HeadquartersRaleigh, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What EIP Storage does
EIP Storage is a privately held, utility-scale stand-alone battery energy storage project developer headquartered in Chapel Hill, North Carolina. The firm originates, develops, and advances BESS projects from advanced market analysis and origination through community engagement, engineering, and finance activities, targeting electric utilities, grid operators, and the broader electricity grid infrastructure segment across multiple US markets. Its flagship product, the Aurora Energy Storage BESS, is designed to make zero-carbon renewable resources dispatchable and to maintain grid reliability as renewable penetration increases.
The company's revenue mechanics are project-based rather than recurring software or service subscriptions: EIP Storage develops stand-alone BESS projects that are ultimately sold or contracted to utilities and grid operators, complemented by project development services across the full development lifecycle. Pricing is custom and site-specific, with multi-year contract cadence. The go-to-market motion is enterprise field sales — direct engagement with utilities, grid operators, and municipal/county governments for permitting, tax abatement, and regulatory negotiation — rather than channel-based or marketing-driven distribution.
The founding team is the company's most differentiated asset. Co-founders Dr. Ron DiFelice (CEO, Ph.D. Chemistry, Virginia Tech; MBA, UNC Kenan-Flagler) and Edward May (COO, MBA and MEM, Duke) previously co-founded Energy Intelligence Partners, where they co-developed over 5 GWh of solar-plus-storage and stand-alone storage projects. The team was expanded in 2024 with the addition of Chief Development Officer April Montgomery (20+ years of wind, solar, and storage development) and Senior Project Developer Lyra Pérez Dumdum (renewable energy training and policy background). Total company headcount remains in the 1-10 range despite a 3,250 MW / 9,000 MWh pipeline across 16 sites in 5 states, and no external funding rounds have been disclosed.
EIP Storage firmographics
Firmographics- Name
- EIP Storage
- Legal name
- EIP Storage
- Website
- https://eipstorage.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- EIP Storage is a privately held, Chapel Hill-based developer of stand-alone utility-scale battery energy storage projects (BESS) — branded as Aurora Energy Storage — serving utilities and grid operators across 5 US states with a 3,250 MW / 9,000 MWh pipeline.
- Ownership category
- akta.pro rank
EIP Storage industry classification
Industry- Product category
- Utility-Scale Energy Storage Project Development
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
Keywords
Where EIP Storage is headquartered
LocationHeadquarters
- HQ city
- Raleigh
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
EIP Storage business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Energy Storage Project Development: EIP Storage generates revenue through developing utility-scale stand-alone energy storage projects from origination through finance activities, serving electricity grid needs across multiple US markets. The company develops projects that are sold to or contracted with utilities and grid operators.
- Project Development Services: Full project development lifecycle including market analysis, origination, community engagement, engineering, and finance activities for energy storage projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
EIP Storage product offering
Product offeringCore offering
EIP Storage is a stand-alone utility-scale energy storage project developer that originates, develops, and finances Battery Energy Storage System (BESS) projects across multiple US markets. The company delivers full-lifecycle project development services from advanced market analysis and origination through community engagement, engineering, and finance activities, with a flagship offering called the Aurora Energy Storage BESS serving utilities, grid operators, and municipalities.
Product overview
EIP Storage is a stand-alone energy storage project developer focused on utility-scale energy storage projects. The company develops projects from market analysis and origination through community engagement, engineering, and finance activities. Their portfolio includes the Aurora Energy Storage BESS product. The company has a development pipeline spanning 5 states, 16 sites, 3,250 MWs, and 9,000 MWhs.
Differentiator
Problem solved
Functional benefit
Products and services
- Aurora Energy Storage BESS
Quantifiable outcome
- 5+ GWh of solar plus storage and stand-alone energy storage co-development experience
- +1 more outcomes
Companies that use EIP Storage
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
EIP Storage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
EIP Storage partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Lampasas CountycoreEIP Storage is in active contact with Lampasas County regarding BESS facility development. The county is exploring regulatory options for BESS facilities and data centers. EIP Storage's Aurora Energy Storage BESS projects are subject to county regulatory discussions including fire code adoption and tax abatement negotiations.
- Greig Town BoardminorEIP Storage of North Carolina proposed building a battery energy storage system on 20 acres along Brantingham Road. The town board passed a one-year moratorium on commercial renewable energy and energy storage systems to develop comprehensive zoning laws, temporarily halting the project.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
EIP Storage competitors and assessment
Company assessmentDirect peers
- Hecate Energy: US developer of utility-scale energy storage and renewable projects with a comparable project development pipeline model and customer base (utilities, grid operators, municipalities).
- Key Capture Energy: Stand-alone battery energy storage developer focused on grid-scale projects across multiple US states. Closely comparable to EIP Storage in mission, project development model, and target customers.
- Jupiter Power: Independent developer and operator of utility-scale battery energy storage projects in the US. Highly comparable to EIP Storage as a focused stand-alone BESS developer serving grid operators and utilities.
- Vesper Energy: Developer focused on utility-scale battery energy storage and renewable projects in the US. Comparable to EIP Storage in stand-alone storage development approach and target market segments.
- Plus Power: Pure-play utility-scale BESS developer and IPP that develops, owns, and operates stand-alone battery energy storage projects across multiple US markets. Directly comparable to EIP Storage in business model, project scale, and customer base (utilities and grid operators).
- Convergent Energy + Power: Developer and operator of utility-scale battery energy storage projects with a comparable focus on stand-alone storage for grid reliability and renewable integration, often working with municipal and cooperative utilities.
Broad incumbents
- ENGIE: Global energy company with utility-scale BESS development activity in North America. A broader incumbent competing for grid flexibility and renewable integration projects of the type EIP Storage is developing.
- EDF Renewables: Global IPP with US utility-scale BESS development alongside wind/solar. Competes with EIP Storage for grid-scale storage opportunities, particularly with municipal, cooperative, and investor-owned utilities.
- NextEra Energy Resources: Largest US renewables developer with significant BESS pipeline alongside wind/solar. Competes with EIP Storage for utility-scale storage projects and represents the scaled incumbent model in the same market.
- AES Corporation: Major global IPP with a substantial utility-scale BESS development portfolio alongside generation and renewables. A larger incumbent that competes with EIP Storage for similar utility-scale BESS opportunities and offtake contracts.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
EIP Storage social profiles
Digital presenceEIP Storage financial estimates
Financial estimateRevenue estimate
Valuation estimate
EIP Storage leadership team
Management profileNumber of profiles
Profiles4 records
EIP Storage funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EIP Storage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EIP Storage
What does EIP Storage do?
EIP Storage is a stand-alone utility-scale energy storage project developer that originates, develops, and finances Battery Energy Storage System (BESS) projects across multiple US markets. The company delivers full-lifecycle project development services from advanced market analysis and origination through community engagement, engineering, and finance activities, with a flagship offering called the Aurora Energy Storage BESS serving utilities, grid operators, and municipalities.
Is EIP Storage a public or private company?
EIP Storage is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EIP Storage founded?
EIP Storage was founded in 2023. It employs 1 to 10 people.
Where is EIP Storage based?
EIP Storage is headquartered in Raleigh, United States, in the North America region.
How does EIP Storage make money?
Two revenue lines are on record. Energy Storage Project Development is the primary driver. The others are project Development Services.
Who are EIP Storage's main competitors?
Direct peers on record are Hecate Energy, Key Capture Energy, Jupiter Power, Vesper Energy, Plus Power and Convergent Energy + Power. Broad incumbents are ENGIE, EDF Renewables, NextEra Energy Resources and AES Corporation.
Does EIP Storage have an API?
No public API is recorded for EIP Storage.
What industry is EIP Storage in?
EIP Storage's product category is Utility-Scale Energy Storage Project Development. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer). Its NAICS code is 2211 and its SIC code is 4911.