PJM’s power-starved grid will finally get a big battery this year
(Canary Media) The mid-Atlantic grid operator PJM Interconnection faces a capacity crunch of titanic proportions as AI computing investment rushes headlong into its 13-state region, home to more than 67 million people. The most recent PJM capacity auctions — where the grid operator pays in advance for power plants to be available to serve the grid — hit record-high clearing prices in December, portending more […]
Swift Current Energy Executes Sale of Prospect Power to Elevate
Swift Current Energy creates value as it advances a multi-gigawatt portfolio of energy projects in various stages of construction BOSTON, January 15, 2026 – Swift Current Energy today announced that it has sold Prospect Power, the largest battery storage project in Virginia and PJM, to Elevate Renewables (“Elevate”). The sale of the 150 MW/600 MWh […]
Swift Current lands $242M in financing for PJM’s largest storage project
(Utility Dive) Swift Current Energy landed $242 million in financing for its 150-MW, four-hour Prospect Power Storage facility in Rockingham County, Virginia, the Boston-based clean energy developer said Thursday. Read More…
Swift Current Energy closes US$242 million financing for Virginia battery storage project
(Energy Storage Media) Swift Current Energy has secured US$242 million in financing for what the developer claimed will be the biggest battery storage project in the PJM service area of the US grid. Massachusetts-headquartered renewables and energy storage developer Swift Current Energy said this morning that it had closed project financing for Prospect Power Storage, […]
