Elevate Renewables Acquires Major Battery Storage Project in PJM

Darrell Proctor

Thu, January 15, 2026 astatine 8:27 AM CST 2 min read

A Massachusetts-based vigor radical that owns and operates vigor retention and hybrid powerfulness procreation assets said it has acquired the largest standalone artillery retention task successful the PJM Interconnection. Elevate Renewables, an Arclight portfolio institution headquartered successful Boston, connected January 15 said it has taken ownership of the Prospect Power Storage installation, which was being developed by Swift Current Energy. The 150-MW/600-MWh project, located successful Rockingham County adjacent the country successful bluish Virginia known arsenic “Data Center Alley.” Prospect Power is presently nether operation and expected to participate commercialized cognition this summer. Prospect Power is afloat contracted nether a 15-year powerfulness acquisition statement with Dominion Energy Virginia. Officials connected Thursday said the task is positioned arsenic an indispensable vigor assets successful the Mid-Atlantic region, supporting powerfulness grid reliability, and besides helping conscionable rapidly increasing request for powerfulness successful the area. [caption id="attachment_248311" align="alignnone" width="640"]

Prospect Power is simply a 150-MW/600-MWh artillery retention project, located successful Rockingham County successful bluish Virginia. The installation is expected to participate commercialized cognition successful mid-2026. Source: Elevate Renewables[/caption] Joshua Rogol, Elevate’s CEO, told POWER, “As the largest information halfway clump successful the U.S., Virginia continues to spot the bulk of load maturation successful the PJM Interconnection. Record capableness prices successful PJM item a supply-demand imbalance, making artillery retention an indispensable portion of a broad attack required to conscionable the increasing needs for information centers and AI, concern growth, and electrification. “The acquisition of Prospect Power underscores our committedness to gathering the vigor infrastructure required to guarantee continuous powerfulness for information centers,” said Rogol. “With its standard and strategical determination wrong PJM, this task exemplifies the captious investments we are making to enactment the accrued request for grid reliability and sustainability driven by increasing powerfulness demand.” The summation of Prospect Power to Elevate’s portfolio continues the group’s strategy of partnering with premier vigor developers and stakeholders to standard artillery retention and present reliable, flexible powerfulness crossed PJM and different high-growth U.S. powerfulness markets, according to the company. In 2024, Elevate successful 2024 announced a 15-MW/60-MWh artillery retention infrastructure task astatine the Arthur Kill Power Station successful Staten Island, New York. That installation is expected to beryllium the largest artillery retention tract successful New York City upon completion. “In summation to Prospect Power, Elevate is processing a robust portfolio of artillery vigor retention assets crossed PJM to assistance thrust affordability and reliability, leveraging a differentiated strategy of co-locating BESS with existing thermal procreation to thrust velocity to market,” said Rogol. “Additionally, with our co-location approach, we are siting BESS successful concern locations good suited for powerfulness plants, with outgo efficiencies starring to a beardown competitory differentiation.” Rogol added, “PJM is experiencing accelerating request driven by AI [artificial intelligence], information halfway growth, and electrification. Prospect Power volition supply the fast-responding, flexible capableness needed to negociate highest loads and amended wide grid performance.” —Darrell Proctor is simply a elder exertion for POWER.