Locke Lord Team Advises Greenbacker Capital Management’s Strategic Investment in Lightshift Energy Totaling $100 Million

A Locke Lord team led by Mike Malfettone (New York) and Mike Serra (Providence) represented Greenbacker Capital Management, LLC, through an affiliated fund, in its capital infusion totaling $100 million in Lightshift Energy, formerly known as Delorean Power, a company leading the charge in utility-scale energy storage deployment in North America. Lightshift will receive the first $20 million tranche for strategic enhancements, and the remaining $80 million is dedicated to investing in sustainable infrastructure assets to support the construction and operational phases of Lightshift’s portfolio. Locke Lord previously advised Greenbacker in its initial partnership with Lightshift in January 2022. For more information, see the press release. Additional assistance was provided by Buddy Sanders (Houston), Lori Basilico (Providence), Heather Stone and Gene Schlack (both of Boston).
Posted on April 4, 2024