North Sky Capital has invested $25 million in new battery storage and circular economy projects on behalf of its Sustainable Infrastructure Fund III, which is focused on lower-middle-market greenfield projects in low-income communities.
The investments include Project Vader, a development partnership with New York battery storage developer Orenda; and a project for American SpiralWeld Pipe involving the acquisition and installation of equipment for a state-of-the-art 48,000-square-foot green manufacturing facility in Paris, Texas.
Project Vader aims to fund the development of 50 megawatts of battery storage capacity across 10 sites in New York City and Westchester County. These projects are designed to enhance grid resiliency, address rising energy demands and the retirement of legacy power generation facilities in downstate New York.
Although steel is 100 percent recyclable at the end of the product’s useful life, the United States recycles only 65 percent to