- Global renewables engineering consultancy, Enertis Applus+, provides a range of Independent Engineering services for Lightshift’s BESS projects portfolio
- Lightshift Energy secures $75 million credit facility for current and future BESS projects from KeyBanc Capital Markets
SAN FRANCISCO, Nov. 19, 2025 – By providing an array of Independent Engineering (IE) battery energy storage system (BESS) services, global renewables engineering consultancy, Enertis Applus+, helped Lightshift Energy (Lightshift) to secure a $75 million credit facility from KeyBanc Capital Markets. The credit facility will support Lightshift’s rapidly growing pipeline of energy storage projects across the East Coast.
Lightshift is a developer, owner, and operator of battery energy storage projects across the U.S. KeyBanc Capital Markets (KBCM) is the corporate and investment banking arm of Cleveland based KeyCorp (NYSE:KEY).
“We’re proud to have played a role in Lightshift’s successful financing by bringing our independent technical and financial expertise to their growing energy storage portfolio. As energy storage takes center stage in the transition to a more resilient and flexible grid, our focus is on helping investors and developers alike make sound, data-driven decisions that enhance value and minimize risk,” said Iñaki Herrero, Enertis Applus+ Managing Director for North America.
The IE BESS services that Enertis Applus+ provided for Lightshift included reviews of:
- Energy storage system (ESS) supply agreement
- ESS agreement
- Long-term services agreement (LTSA)
- Engineering, Procurement and Construction (EPC) contract
- Interconnection agreement (IA)
- Project design
- Financial model
- Useful life plan
These services are crucial because they ensure that the technical and financial aspects of each project are thoroughly evaluated, reducing risks, supporting successful financing, and assuring long-term operational reliability.
The financing backs six of Lightshift’s operational projects while also enabling the advancement of 10 projects currently in and nearing construction. It further lays the groundwork for another large wave of Lightshift’s project pipeline as the company transitions into a phase of significant growth.
“This transaction marks a major milestone for the industry through project financing for a fleet of batteries across diverse regions and offtakers, all with the same operational objective, to provide firm capacity to the grid in the fastest most impactful way possible,” said Rory Jones, Co-Founder and Managing Partner of Lightshift.
About Enertis Applus+ (www.enertisapplus.com)
Enertis Applus+ is a global consulting, engineering and quality control firm with expertise in the renewable energy and energy storage industries. The company has a track-record of more than 25 years and over 750 GW in renewable energy and 100 GWh in energy storage projects, including the accumulated experience of Barlovento Applus+. Since 2021, Enertis Applus+ has been a part of Applus+, one of the world’s leading companies in the testing, inspection and certification sector, with over 20 years of experience in the renewable sector.
The Enertis Applus+ mission is to ensure maximum profitability for customers and proper risk management of their projects by providing innovative services with high added value. With a track-record of 6,000 projects in more than 65 countries, Enertis Applus+ has offices in the United States, Spain, Chile, Mexico, Australia, United Kingdom, Italy, Colombia, Panama, Brazil, Argentina, South Africa and China.
About Lightshift Energy (www.lightshift.com/)
Lightshift is a utility-scale energy storage project developer, owner and operator headquartered in Arlington, Virginia. Founded in 2019, Lightshift is developing a diverse, multi-gigawatt pipeline of energy storage projects, located throughout the U.S. With leading energy storage analytics, application design, finance, and development expertise, Lightshift deploys dynamic, multi-use energy storage projects that maximize value for utilities and other partners, while reinvesting directly into the communities where their projects are located. For more information, please visit www.lightshift.com.
KeyBanc Capital Markets (https://www.key.com/)
KeyBanc Capital Markets is a leading corporate and investment bank providing capital markets and advisory solutions to dynamic companies capitalizing on opportunities in changing industries. Our deep industry expertise, broad capabilities and unique ideas are seamlessly delivered to companies across the Consumer & Retail, Diversified Industries, Healthcare, Industrial, Oil & Gas, Real Estate, Utilities, Power & Renewables, and Technology verticals. With more than 800 professionals across a national platform, KeyBanc Capital Markets has raised more than $125 billion of capital for their clients and has an award-winning equity research team that provides coverage on over 500 publicly traded companies.
KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp® and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC (“KBCM”), and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank N.A. Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value
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The post Enertis Applus+ Delivers Trusted Technical and Financial Expertise for Lightshift Energy’s Successful $75 Million Energy Storage Financing Deal first appeared on Informed Infrastructure.