Hecate Energy, InfraRed Capital Partners start new energy storage company

By Conor Ryan
LinkedIn
Twitter
Reddit
Facebook
Email
InfraRed will supply funding for the new company, which will be headquartered in Chicago. Image: Roman Boed / Flickr

Hecate Energy and InfraRed Capital Partners have announced a partnership to form a new energy storage company called Hecate Grid, which will develop, build, own and operate utility-scale energy storage projects across North America.

Hecate has also contributed its existing energy storage portfolio, featuring 126MW of operating and contracted assets, along with 600 MWh of projects in the company’s pipeline. InfraRed will supply funding for the new company, which will be headquartered in Chicago and will feature Dan Walker as CEO.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Walker is a leading expert in wholesale electricity markets, having worked in eight of the nine North American ISO/RTO regions and co-founded several successful energy-related companies.

Walker noted: “Hecate Grid is the perfect combination of a proven and experienced development team joining forces with smart capital, allowing us to take advantage of a tremendous market opportunity.”

Chris Bullinger, president & CEO of Hecate Energy, said: “In partnership with InfraRed, we are now positioned to grow our new affiliate company, Hecate Grid, into the foremost grid-scale energy storage developer and operator in North America.”

Read Next

July 3, 2025
In Texas, Vitis Energy announces financial close of the Apache Hill Energy Centre while Enertis Applus+ provides independent engineering services for Excelsior Energy Capital.
July 3, 2025
Idaho Power’s updated integrated resource plan adds more solar, wind and energy storage than gas generation, while Public Service Company of New Mexico gets 450MW of solar and storage added to its resource application.
July 2, 2025
Utility company Ameren Missouri has filed an application with the Missouri public service commission (PSC) to construct a natural gas and battery storage facility in the state.
Premium
July 1, 2025
As US Senators vote on the tax reconciliation bill, experts Jessica Dunn of Union of Concerned Scientists (UCS) and Tonja L. Wicks of esVolta discuss its potential impact.
June 27, 2025
The US Department of Energy’s (DOE’s) Office of Electricity (OE) has announced funding of up to US$15 million for three storage technologies.

Most Popular

Email Newsletter