Aypa Power Secures $1.5 Billion Warehouse Facility to Scale US Grid-Scale Storage Buildout

New updates have been reported about Aypa Power.

Aypa Power has closed a $1.5 billion construction warehouse revolving credit facility, with an additional $500 million accordion, establishing what it describes as the largest warehouse financing to date for a storage-focused independent power producer. The three-year facility will serve as Aypa’s primary funding source for utility-scale energy storage and hybrid renewable projects expected to reach commercial operation through 2028, materially de-risking capital needs for its near- to medium-term buildout. CEO Moe Hajabed said the financing validates the scale, quality, and readiness of Aypa’s development pipeline and strengthens the company’s ability to deliver grid reliability infrastructure across U.S. markets. The structure is designed to fund a portfolio of construction-ready assets, effectively creating a repeatable platform for project deployment rather than relying on deal-by-deal financing.

Canadian Imperial Bank of Commerce (CIBC), New York Branch, and Wells Fargo led the structuring and execution of the facility as Lead Structuring Agents, Left Lead Arrangers, Coordinating Lead Arrangers, and Green Loan Coordinators, with CIBC acting as Administrative and Collateral Agent and U.S. Bank as Depositary Agent. A broad syndicate including Banco Santander, BNP Paribas, ING, Natixis, RBC, Société Générale, Bank of America, Desjardins, ICBC, KeyBanc, National Bank of Canada, PNC, Standard Chartered, U.S. Bank, Zions, and Regions Bank participated in various lead and mandated roles, signaling strong lender confidence in the sector and in Aypa’s execution capabilities. Positioned as a Blackstone portfolio company with 30 projects operating or under construction and a development pipeline exceeding 22 GW across North America, Aypa is using this warehouse as a core funding tool to accelerate scale, capture growing demand for large-scale energy storage, and reinforce its competitive standing as grid operators and policymakers increasingly prioritize storage as a critical component of the U.S. power system.