United States - Greater Boston, — Granite Source Power (GSP), a leading developer of battery energy storage and renewable energy projects, is pleased to announce the successful completion of its latest funding round, raising $40 million in investment capital. New Energy Capital, a prominent investor in the renewable energy sector, led the funding round.

GSP is dedicated to the development of high-quality projects that contribute to the advancement of renewable energy power generation. With a strong focus on battery energy storage, GSP aims to deliver sustainable and reliable energy solutions to meet the growing demand for clean power.

This funding round marks a significant milestone for Granite Source Power, enabling the company to accelerate its development activities and expand its presence in the renewable energy market. The $40 million investment will be utilized to further advance GSP's ongoing projects and fuel the development of new initiatives.

"We are thrilled to have New Energy Capital as our lead investor in this funding round," said Jessica Shor, Co-Founder of Granite Source Power. "Their expertise and commitment to the renewable energy sector align perfectly with our vision and mission. This funding will empower us to continue developing innovative projects that bring long-term value to landowners, communities, customers, and our stakeholders."