MicroGrid Networks

What MicroGrid Networks does

MicroGrid Networks (MGN) is a Brooklyn-based battery energy storage developer founded in 2018 that builds and operates distributed, edge-of-network lithium-ion Battery Energy Storage Systems (BESS) for New York City. The company develops small, sited battery plants located close to load customers across NYC's 70 distribution sub-grids, with an architecture intended to make the existing 85% underground grid more efficient and defer costly upgrades. MGN owns and manages approximately 25% of NYC's operational energy storage, operates 10 MW of installed capacity across two sites (1074 Grand Street in Williamsburg and 57-77 Rust Street in Maspeth), and has 50 MW under construction. Its facilities are built to ConEdison's EO-2022 standard and comply with FDNY Fire Code FC 608, UL 9540A, and NFPA 855, supported by multi-layer suppression systems and FDNY-coordinated emergency management plans.

The core product is utility-scale BESS performing peak shaving — charging overnight from the grid (including clean baseload hydropower) and discharging into local distribution networks during late-afternoon and evening peaks to displace fossil-fuel peaker plants. Revenue is generated through (i) grid services and energy arbitrage in NYISO Zone J, (ii) public DC fast EV charging fees (180kW to 360kW chargers, no membership required), and (iii) long-term property lease arrangements with NYC landowners hosting the storage facilities. MGN pairs storage with EV charging to deliver fast, reliable charging in grid-constrained urban environments.

The company is majority-owned by SER Capital Partners, which invested in August 2020, and in February 2026 took on Palisade Infrastructure as a strategic investor to accelerate construction, expand the development pipeline, and pursue complementary acquisitions. The development pipeline includes projects across Brooklyn, Queens, the Bronx, and the 205MW/820MWh Ironwood Project in Dutchess County, NY. MGN targets 6,000 MW of NY State storage capacity by 2030 (approximately 3,000 MW downstate across NYC's 70 sub-grids) and projects $2 billion in grid cost savings per NYSERDA, with a stated goal of providing $700k/year of discounted power to low-income NYC ratepayers starting in 2027.

Name

MicroGrid Networks

Legal name

MicroGrid Networks, LLC

Website

https://mgn.energy

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

MicroGrid Networks is a Brooklyn-based battery energy storage developer that builds and operates distributed lithium-ion BESS across New York City's 70 sub-grids, owning 25% of NYC's operational storage and monetizing peak shaving, EV fast charging, and property lease income.

Ownership category

akta.pro rank

Product category

Grid Energy Storage Services

NAICS

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

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

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

akta.pro secondary industries

Utility-Scale BESS EPC & Integration (EUAEAEAA), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Grid Interconnection, System Studies & Grid Code Compliance (EUAFAAAJ)

Keywords

• Battery energy storage
• Grid services
• EV charging infrastructure
• Peak shaving
• Microgrid development

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Grid Services / Energy Arbitrage: Battery storage systems charge overnight when electricity is cheap and abundant, then discharge during peak demand hours (late afternoon/evening) when prices spike. Revenue generated through peak shaving services to the ConEd grid.
2. EV Charging Services: Public EV charging stations (180kW plugs) at operational sites generate charging fees from EV drivers. Open to all EV drivers with no membership required.
3. Property Lease Income: Long-term lease agreements with property owners who host battery storage facilities. MGN pays landowners for use of their properties.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MicroGrid Networks develops, owns, and operates distributed utility-scale lithium-ion Battery Energy Storage Systems (BESS) placed at the edge of New York City's 70 distribution sub-grids to provide peak shaving, grid resilience, and ancillary services to the ConEdison grid. The company pairs these storage facilities with public DC fast-charging EV stations and partners with NYC property owners through long-term lease arrangements to site distributed storage assets.

Product overview

MicroGrid Networks operates a unified platform of battery energy storage and EV charging infrastructure focused exclusively on New York City and adjacent markets. The core product is utility-scale lithium-ion Battery Energy Storage Systems (BESS) that perform peak shaving and grid services, paired with storage-enabled public EV charging infrastructure. MGN owns and operates operational sites (1074 Grand Street in Williamsburg, Brooklyn and 57-77 Rust Street in Maspeth, Queens — each 5MW/20MWh), manages a construction pipeline of five projects (River Birch 20MW/100MWh, Brookhaven 10MW/50MWh, Maple Grove 10MW/50MWh, Green Line 5MW/25MWh, and Arcadia Forge 5MW/20MWh), and a development pipeline including Cedar Point (5MW/20MWh), Harborstone (5MW/25MWh), Kingsland (5MW/20MWh), Ridgeway (10MW/40MWh), and Ironwood (205MW/820MWh). EV charging is offered at both operational sites and several pipeline sites, with fast chargers ranging from 180kW to 360kW. The company partners with property owners through long-term lease programs to site distributed storage facilities across NYC's 70 distribution grids.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Energy Storage Systems (BESS) Utility-scale lithium-ion battery energy storage systems that store electricity during off-peak hours and discharge during peak demand periods, serving NYC's 70 distribution grids with distributed edge-located installations to reduce grid congestion and avoid fossil-fuel peaker plants.
• Grid Services Battery energy storage services including peak shaving, grid resilience, emergency backup power, distribution network support, and system flexibility for New York City's electric infrastructure, including services to ConEdison and NYISO Zone J.
• EV Charging Infrastructure Storage-enabled public DC fast charging infrastructure (180kW to 360kW) that pairs on-site battery storage with EV chargers to deliver reliable fast charging in grid-constrained urban environments. Stations are open to all EV drivers without membership or app requirements.
• 1074 Grand Street Charging Station Operational EV charging station at 1074 Grand Street, Williamsburg, Brooklyn, featuring four 180kW DC fast chargers. Co-located with MGN's headquarters and a 5MW/20MWh battery energy storage facility.
• 57-77 Rust Street Charging Station Operational EV charging station at 57-77 Rust Street, Maspeth, Queens, featuring two 180kW DC fast chargers. Co-located with 5MW/20MWh of energy storage on a former ConEd Substation.
• River Birch Project 20MW/100MWh battery energy storage facility in Brooklyn, NY, comprising four 5MW systems. Serves the Crown Heights and Richmond Hill networks and supports the Brownsville #1 Substation. Includes four public 360kW DC fast chargers.
• Brookhaven Project 10MW/50MWh battery energy storage facility in Long Island City, Queens, comprising two 5MW systems. Serves the Long Island City network and supports the North Queens Substation via four 27kV feeders.
• Maple Grove Project

Quantifiable outcome

• $2 billion in projected grid cost savings for New Yorkers through storage deployment
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NineDot Energy: NineDot Energy is a NYC-area community battery storage developer that designs, develops, and operates urban and suburban BESS projects in NYISO markets. It is the most direct competitor to MGN, also targeting the 70-sub-grid distributed architecture model and competing for the same ConEd interconnection slots and property owner partnerships.
• Convergent Energy and Power: Convergent develops, owns, and operates distributed energy storage and solar+storage assets across North America with significant New York exposure. It is highly comparable in business model — BESS IPP/developer selling grid services to utilities — and is one of MGN's primary competitors in the NYC and wider NYISO Zone J BESS market.
• Key Capture Energy: Key Capture Energy is a U.S. BESS developer and operator active in NYISO with utility-scale storage projects providing frequency regulation, capacity, and energy arbitrage. Highly comparable to MGN as a storage-only IPP competing for interconnection capacity and grid-services revenue in the same ISO market.

Broad incumbents

• 174 Power Global: 174 Power Global is a large-scale renewable energy and storage developer with utility-scale BESS projects across multiple ISOs, including NY. It is a broad incumbent rather than NYC specialist; competitive overlap is in grid services and project development, not local edge-of-network siting.
• EDF Renewables North America: EDF Renewables is a large developer of wind, solar, and storage projects across the U.S., with utility-scale storage in NYISO. Comparable as a grid-scale BESS IPP competing for capacity payments and ancillary services, but broader portfolio focus rather than NYC edge-of-network specialization.
• Stem Inc: Stem is a global AI-driven clean energy solutions and BESS software/storage provider serving commercial, industrial, and utility customers in U.S. ISOs including NY. Broad incumbent with overlapping grid-services and storage-software capabilities; less NYC-pure-play but active in the same capacity market.
• Tesla Energy (Megapack): Tesla's Megapack business develops, supplies, and operates utility-scale BESS globally, including projects supplying grid services in NYISO. Overlaps with MGN as both a potential BESS hardware supplier and direct competitor for utility-scale storage offtake in NYC.
• Fluence Energy: Fluence is a global BESS technology, EPC, and IPP offering both hardware (Cube) and full-stack energy storage as a service. Comparable to MGN in storage delivery and grid-services monetization but as a broad incumbent operating across many ISOs and geographies, not a NYC specialist.

Others

• ChargeLab: ChargeLab is the EV charging station management platform MGN uses to operate its public 180kW and 360kW DC fast chargers. It is an ecosystem/technology enabler rather than a competitor, illustrating MGN's reliance on third-party charging networks.

Emerging players

• Power Edison: Power Edison is a New York-area developer focused on distributed, community-scale battery storage and mobile BESS solutions. Emerging player with meaningful NYC/NYISO overlap, competing for similar interconnection capacity and municipal customers, though smaller in scale than MGN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

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 MicroGrid Networks