Plus Power, a developer and owner of energy storage projects, announced the completion of $1.8 billion in new financing for the construction and operation of five standalone battery energy storage projects. The financing commitments announced will cover the five projects with a cumulative 1,040 MW/2,760 MWh capacity. The transactions will support the portfolio’s construction and operations, including construction financing, term financing, letters of credit, and tax equity investments in partnership with 11 leading industry lenders and investors.