NEW YORK--(BUSINESS WIRE)--Jan 22, 2025--
NineDot Energy ®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance. This financing supports the purchase of nearly 100 Megawatts (MW) / 400 Megawatt hours (MWh) of batteries for use in up to 20 battery storage projects across the New York City metro area.
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“NineDot has made tremendous progress in providing battery energy storage to the New York City area,” said David Arfin, NineDot Energy CEO and Co-founder. “For New York to achieve its sustainability goals, we know that battery storage is a critical enabler. First Citizens Bank understands this need and opportunity well, and we’re thrilled to have them provide this equipment financing that affirms NineDot’s vision and execution capability.”
“We’re excited to spearhead this equipment financing transaction for NineDot Energy,” said Mike Lorusso, group head for First Citizens Energy Finance. “As a leader in renewable energy finance, we are committed to supporting companies delivering clean energy solutions for dense urban areas, and no one is doing that better than NineDot.”
NineDot Energy is on track to meet its goal of having 400MW of battery storage in development, construction or operation by the end of 2026. The company currently has over 50 projects in some phase of development or operation in the New York City area, with additional projects in the pipeline. Based on Con Edison’s interconnection queue data, NineDot’s community battery storage development activity is second to none in ConEd’s New York territory.
With this transaction, NineDot’s total capital raised is over $500 million.
Contact NineDot at nine.energy/connect.
About NineDot Energy
NineDot Energy is the leading community-scale battery storage developer and operator in the New York City metropolitan region. We create innovative urban energy solutions that support a more resilient grid, deliver economic savings, reduce carbon emissions, and improve environmental equity. NineDot is also expanding beyond stationary storage to incorporate mobile batteries and electric vehicle charging into some of our current and future sites. NineDot Energy’s name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. We are based in Brooklyn, New York at NYU’s Urban Future Lab. Learn more at nine.energy.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.
A NineDot Energy battery storage site in New York City. (Photo: NineDot Energy)
TAPACHULA, Mexico (AP) — Ana Esquivel no longer feels like her heart stops every time she sees a police officer.
“We’ve been told that they won’t harass or mistreat us here, but back home, if a male name is spotted on your ID, you could spend the night detained,” said the 50-year-old transgender woman. She fled Cuba fearing for her safety and arrived in Mexico earlier this year.
Esquivel settled in the southern city of Tapachula, hoping to dodge the Trump’s administration crackdown on migration and reach the United States. But unlike many who turned back after their Border Patrol appointments got canceled, returning home is not an option for LGBTQ+ migrants.
“The LGBT population doesn’t necessarily leave their countries for the same reasons as others,” said Mariana de la Cruz, operations director at Casa Frida, a shelter that supports LGBTQ+ migrants and lost 60% of its funds after President Donald Trump ordered the suspension of foreign assistance programs in January.
“They leave due to discrimination and violence based on their gender identity,” de la Cruz said. “Beyond economic reasons or the American Dream, they leave because they need to survive.”
The flux of migrants at the Southern Mexican border with Guatemala dipped after Trump announced plans to restrict refugees and asylum seekers, contending he wants to stop illegal entry and border crime. The Mexican Commission for Refugee Aid in Tapachula has not updated its public data since December 2024, but the transformation is clear.
Hundreds of migrants no longer flood a public square, waiting for a response to their refugee applications. And though lines still form around the commission’s headquarters, locals say the crowds are smaller.
At a nearby Catholic shelter, administrator Herber Bermúdez said they have hosted up to 1,700 migrants at a time, but it's closer to 300 with the shutdown of CBP One, the U.S. border app that facilitated legal entry into the country.
“The change was substantial,” Bermúdez said. “By Jan. 20, we had around 1,200 people, but as the app stopped working, people started heading back to their countries.”
In contrast, help requests addressed to Casa Frida have not dropped.
"All of the people we support were victims of violence," said Sebastián Rodríguez, who works at the shelter. "They can’t go back."
In Tapachula since 2022, Casa Frida staff review on average 80 applications per month, assessing the most at-risk. According to Rodríguez, nonbinary and transgender migrants are frequently vulnerable to attacks.
The shelter doesn't have enough resources to help everyone, but they bring on about 70 new people monthly and can support up to 200 LGBTQ+ at any given time.
Several migrants recently told The Associated Press they were kidnapped by cartel members as they set foot in Mexico and had to give up their possessions to be released.
LGBTQ+ people face more violence, Rodríguez said. Transgender women often dress as men to avoid mockery and being spotted by criminals. If they are spared and reach a shelter, staff assign them to male dorms. If they leave and try to rent a room elsewhere, landlords seem unhospitable or demand unthinkable fees.
“That’s why programs like ours are needed,” Rodríguez said.
According to the shelter, about 40% of its population was affected by the end of CBP One app and the mass cancellation of appointments.
“Some people feel discouraged and hopeless,” Rodríguez said. “But many have applied for asylum in Mexico.”
Among its services, Casa Frida can provide a roof and meals for up to 12 people for three months. The organization's other programs can help several more migrants by providing legal guidance on remaining in Mexico, advice on finding temporary jobs with inclusive environments, psychological counseling and tips for renting apartments under fair conditions.
“Most people just think of us as a shelter, but providing refuge is only the core of what we do,” Rodríguez said. “Our goal is to reintegrate violence victims into society.”
The shelter operates in three locations: Mexico City, where it was founded in 2020 and mostly supports locals; Tapachula, which mainly receives migrants from Cuba, Honduras, Venezuela, El Salvador, Perú and Haiti; and Monterrey, where those at grave risk are transferred to be safe at an undisclosed address.
Manuel Jiménez, 21, was welcomed at the Mexico City station in February. He arrived from a state near the capital when harassment by family members became unbearable.
Jiménez initially hoped to reach the U.S. and he traveled north in November 2024. All went well until border patrol officers detained him in Arizona and he was deported. But it was dangerous for him to stay in his hometown.
“Someone told me about this shelter because I wanted to find a place where I could feel at peace,” said Jiménez, who identifies as bisexual. “Back home, there were people who wanted to hurt me, verbally and physically.”
Now living at Casa Frida, he started working at a nearby restaurant and hopes to save money that will enable him to find a home of his own.
Back in Tapachula, Esquivel applied for Mexican refugee status. Around 85% of Casa Frida’s migrants get a positive response, so she's optimistic. Maybe one day, she hopes, she could go back to school, land a job and relocate.
“I want to stay here and become part of this country,” Esquivel said. “I want to do it the right way and I’m grateful to Casa Frida for helping me get there.”
She learned about the shelter from another trans woman who also fled Cuba after feeling threatened by police.
“I was nearly arrested,” said Rachel Pérez, 51. “In Cuba, we are discriminated and persecuted. We leave in search for a better life.”
Human rights organizations have denounced continuing intolerance in the Caribbean nation, which does have sexual orientation protections.
According to Esquivel, she was accused of prostitution — which is not illegal under Cuban law — for repeatedly walking alone at night. Police warned her a few times, but she kept going out until she was detained and transferred to a male prison.
“I was raped there,” said Esquivel, who remained imprisoned for a year. “I was only 21 and the inmates abused me. Within time, I learned how to defend myself, but those were very difficult times I won’t forget.”
Staff at Casa Frida constantly updates their protocols to help migrants like Esquivel. But keeping operations running has proved challenging due to the U.S. aid cuts. According to De la Cruz, worrisome notifications popped by Jan. 24, and a few weeks later, 60% of their budget was gone.
“We’ve been looking everywhere to find new sustainability alternatives,” she said. “We are part of a network focused on LGBT mobility in Latin America and the Caribbean — 13 organizations in 10 countries — and at least 50% of them took a hit.”
Funding campaigns and ongoing meetings with European and local leaders might bring a solution, but concerns haven’t ceased and the team could significantly diminish its operations.
“Nothing is written in stone and we don’t know what could happen next,” De la Cruz said.
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Pride flags and a map of Mexico adorn a wall in a room at Casa Frida, a shelter that supports LGBTQ+ migrants, in Mexico City, Tuesday, Feb. 18, 2025. (AP Photo/Eduardo Verdugo)
Transgender woman Rachel Perez, who applied for asylum in Mexico, sits at her home in Tapachula, Chiapas state, Mexico, Wednesday, March 12, 2025. (AP Photo/Moises Castillo)
Migrants receive English lessons at Casa Frida, a shelter that supports LGBTQ+ migrants, in Tapachula, Chiapas state, Mexico, Wednesday, March 12, 2025. (AP Photo/Moises Castillo)
A religious image hangs in a room at Casa Frida, a shelter that supports LGBTQ+ migrants, in Mexico City, Tuesday, Feb. 18, 2025. (AP Photo/Eduardo Verdugo)
Transgender woman Rachel Perez, who applied for asylum in Mexico, gives an interview at Casa Frida, a shelter that supports LGBTQ+ migrants, in Tapachula, Chiapas state, Mexico, Tuesday, March 11, 2025. (AP Photo/Moises Castillo)
The sun shines into a room at Casa Frida, a shelter that supports LGBTQ+ migrants, in Mexico City, Tuesday, Feb. 18, 2025. (AP Photo/Eduardo Verdugo)
Transgender women Rachel Perez, left, and Ana Esquivel, who applied for asylum in Mexico, pose for a photo at Casa Frida, a shelter that supports LGBTQ+ migrants, in Tapachula, Chiapas state, Mexico, Tuesday, March 11, 2025. (AP Photo/Moises Castillo)
Bunk beds lie in a room at Casa Frida, a shelter that supports LGBTQ+ migrants, in Mexico City, Tuesday, Feb. 18, 2025. (AP Photo/Eduardo Verdugo)
Transgender woman Ana Esquivel, right, who applied for asylum in Mexico, boards a bus in Tapachula, Chiapas state, Mexico, Tuesday, March 11, 2025. (AP Photo/Moises Castillo)
A person gives testimony at Casa Frida, a shelter that supports LGBTQ+ migrants, in Mexico City, Tuesday, Feb. 18, 2025. (AP Photo/Eduardo Verdugo)
Itzel Aguilar teaches English to LGBTQ+ migrants at Casa Frida, a shelter that supports LGBTQ+ migrants, in Tapachula, Chiapas state, Mexico, Wednesday, March 12, 2025. (AP Photo/Moises Castillo)
A person walks past a pride flag at Casa Frida, a shelter that supports LGBTQ+ migrants, in Tapachula, Chiapas state, Mexico, Wednesday, March 12, 2025. (AP Photo/Moises Castillo)