# Medway Grid Energy Storage System Project

**Source:** https://www.startuphub.ai/startups/medway-grid-energy-storage-system-project
**Profile type:** Startup

> A 250 MW utility-scale battery energy storage system in Medway, Massachusetts, enhancing grid stability.

## About

The Medway Grid Energy Storage System Project is a significant battery energy storage system located in Medway, Massachusetts. The project aims to enhance grid stability and reliability by providing energy storage solutions. Advantage Capital recently closed a $158 million tax equity investment to bring this project online, highlighting its importance in the renewable energy and grid infrastructure landscape.

## Key facts

- **Slug:** medway-grid-energy-storage-system-project
- **Website:** https://www.medwaygrid.com/
- **Location:** Medway, Massachusetts, USA
- **Founded:** 2022-01-01
- **Operating status:** Inactive
- **Total funding:** $158M
- **Sectors / tags:** Energy, Utilities, Infrastructure, Renewable Energy, Energy Storage, Battery Technology, Smart Grid, Climate Tech, Utility-Scale Storage, Renewable Energy Integration

## Frequently asked

### What does Medway Grid Energy Storage System Project do?

The Medway Grid Energy Storage System Project is a significant battery energy storage system located in Medway, Massachusetts. The project aims to enhance grid stability and reliability by providing energy storage solutions. Advantage Capital recently closed a $158 million tax equity investment to bring this project online, highlighting its importance in the renewable energy and grid infrastructure landscape.

### What is Medway Grid Energy Storage System Project's revenue?

StartupHub estimates Medway Grid Energy Storage System Project's annual revenue at $103.0M (range $19.8M to $165.7M, 35% confidence), based on comparable companies in the sector.

### What is Medway Grid Energy Storage System Project's valuation?

StartupHub estimates Medway Grid Energy Storage System Project's effective valuation at $673.1M (range $395.0M to $948.0M, 24% confidence), based on comparable companies in the sector.

### How much funding has Medway Grid Energy Storage System Project raised?

Medway Grid Energy Storage System Project has raised a total of $158M in funding. The most recent round on record is Tax Equity Investment.

### Where is Medway Grid Energy Storage System Project headquartered?

Medway Grid Energy Storage System Project is headquartered in Medway, Massachusetts, USA.

### When was Medway Grid Energy Storage System Project founded?

Medway Grid Energy Storage System Project was founded in 2022.

### What industry does Medway Grid Energy Storage System Project operate in?

Medway Grid Energy Storage System Project operates in Energy, Utilities, Infrastructure, Renewable Energy, Energy Storage, Battery Technology.

### What is Medway Grid Energy Storage System Project's current status?

Medway Grid Energy Storage System Project's current operating status is: Inactive.

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