First Citizens Bank Serves as Lead Arranger on $133 Million for Massachusetts Battery Energy Storage Project [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: Yahoo! Finance
on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts Cranberry Point is a 150 MW / 300 MWh battery energy storage project developed by Plus Power with a targeted completion in the second quarter of 2025. Located on roughly 6 acres of land in Carver, Massachusetts , the project will interconnect near critical transmission infrastructure and represents the first major utility-scale standalone battery storage facility in construction on the New England grid. "Our Cranberry Point project is another breakthrough for battery energy storage, which continues to prove its value in improving power reliability and integrating more clean electricity nationwide," said Josh Goldstein , chief financial officer at Plus Power. "We highly value the industry knowledge and expertise of the First Citizens team in arranging this financing." "The Cranberry Point Energy Storage facility is poised to improve grid stability and reliability whil
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FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- 6/4/24 - Form 4
- FCNCA's page on the SEC website