Scale Microgrids, a New Jersey-based distributed energy project developer, has secured $275 million in new financing, bringing its total raised to over $1 billion. The funding will support the deployment of 140 megawatts (MW) of distributed energy resources (DERs), including microgrids, community solar, and battery storage systems across five U.S. states.

This latest financing round includes contributions from KeyBanc Capital Markets, Cadence Bank, New York Green Bank, Investec, Mitsubishi HC Capital America, and Connecticut Green Bank. It comprises construction loans, tax equity bridge loans, term loans, and letters of credit, supporting projects entering commercial operation through 2026.

"This transaction demonstrates the financial strength of our company and the continued importance of financial innovation in distributed energy," said Julian Torres, Chief Investment Officer at Scale Microgrids.

Founded in the 2010s, Scale has significantly expanded since a $300 million equity commitment from Warburg Pincus in 2019. The company is now part of EQT Transition Infrastructure, which announced its acquisition of Scale earlier this year.

The newly funded projects span New York, Pennsylvania, New Jersey, Connecticut, and California, contributing to the country's shift toward decentralized, clean, and resilient power infrastructure. Notable initiatives include the Bridgeport thermal loop and expanded community solar developments.

Since inception, Scale Microgrids has developed or constructed close to 3 GW of distributed energy capacity nationwide.