Plus Power Secures Additional $82 Million of Tax Equity for Battery Storage Projects [Yahoo! Finance]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Yahoo! Finance
and Texas projects to approximately $2 billion and allowing the company to support Southwest power grids ahead of expected record summer demand THE WOODLANDS, Texas May 1, 2024 /PRNewswire/ -- Today, Plus Power ™ announced the closing of an $82 million tax equity investment from Morgan Stanley for the 90 MW / 360 MWh Superstition Energy Storage facility in Gilbert, Arizona Plus Power, which leads the sector for developing, owning, and operating standalone energy storage, has raised a total of approximately $2 billion for five total facilities in Arizona and Texas since October 2023 . These investments will enable Plus Power to bring the facilities online by summer 2024, helping stabilize electric grids in the Southwest during extreme weather while integrating more renewable energy. "Plus Power welcomes Morgan Stanley's support in accelerating standalone battery energy storage deployment in a market and location where our project can provide critical services," said Josh Goldstei
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- MS's page on the SEC website