Plus Power Secures $160 Million Investment from Morgan Stanley for New England Battery Energy Storage Projects Plus Power has secured significant tax equity investments from Morgan Stanley to support two major battery energy storage projects in New England, totaling $160 million for facilities in Massachusetts and Maine. These projects, expected to commence commercial operations later this year, will provide substantial capacity and energy services to the grid, helping to balance variable renewable energy sources and enhance stability in response to growing demand and retiring conventional power plants.

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