New updates have been reported about BrightNight (PC:BRIGH)
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BrightNight, in partnership with Cordelio Power, has achieved a significant milestone with the financial close of the Greenwater Energy Storage Project in Pierce County, Washington. This 200 MW / 800 MWh battery energy storage system will enhance grid reliability and support the region’s transition to clean energy by providing firm capacity and grid services to Puget Sound Energy. CEO Martin Hermann emphasized the project’s role in modernizing the grid and delivering scalable clean energy solutions, leveraging BrightNight’s proprietary PowerAlpha platform and integrated capabilities.
The project, which has secured nearly $400 million in financing from leading financial institutions, marks BrightNight and Cordelio’s first jointly-held asset in the Pacific Northwest to reach this stage. The Greenwater project, using lithium-ion technology, connects to the grid via the White River Substation and is designed to minimize environmental impact while aligning with regional clean energy goals. Construction and commissioning are set to align with a 2026 commercial operation date. BrightNight is committed to engaging with local communities and stakeholders throughout the development process, ensuring a responsible and sustainable approach to energy storage.