Lightshift Energy is a utility-scale energy storage project developer, owner, and operator headquartered in Arlington, Virginia. Founded in 2019, the company is developing a diverse, multi-gigawatt pipeline of energy storage projects located throughout the U.S. Lightshift combines energy storage analytics, application design, finance, and development expertise to deploy dynamic, multi-use projects that maximize value for utilities, large-load customers, and communities. The company reinvests directly into the communities where its projects are located. Lightshift is transitioning a significant portion of its pipeline into construction in the second half of 2025 and into 2026. To support that build-out, it recently secured a financing tool to fund interconnection and PPA security requirements, equipment deposits, and other uses. Lightshift Energy (formerly Delorean Power) develops and operates utility-scale battery projects and integrated grid storage solutions. Launched in 2019 by Michael Herbert and Rory Jones, the company has more than 20 battery projects under contract and a pipeline exceeding 4,000 MW. Its 10.5 MW battery facility in Danville, Virginia has been operating since 2022 and is expected to save the city more than $40 million. Lightshift targets public power, investor-owned utilities, and large corporate consumers across the U.S. The company recently rebranded from Delorean Power and has expanded its team and project pipeline. Recent capital commitments are intended to scale the team, accelerate sales, expand the project pipeline, and support construction and operations. Delorean Power develops and operates standalone battery energy storage projects across the United States, focusing on utility-scale and multi-use applications. The company is developing a diverse pipeline of projects ranging in size up to 250 MW and provides energy storage analytics, application design, finance, and development expertise. Delorean prioritizes both community and system impact, aiming to deliver environmental and social benefits, new tax revenue, improved grid resilience, and lower electricity costs. The firm works with local landowners, businesses, and municipalities to site projects on unused and idle properties and maximize value for utilities and other customers. The company received a growth investment that included an initial $20 million commitment to further scale its platform and resource its pipeline. Delorean was founded in 2019 and is headquartered in Arlington, Virginia.

Total raised

$160M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jul 2025