Montana energy storage project lines up financial partner

by Matthew Brown, AP

Construction on a $1 billion energy storage system in central Montana could start as soon as next year after its sponsors said Friday they reached a financing agreement with a Danish firm that invests in renewable energy.

Carl Borgquist, president of Bozeman-based Absaroka Energy, said the involvement of Copenhagen Infrastructure Partners of Denmark marks a significant step forward for the 400-megawatt project near Martinsdale.

Next up, he said, is to make arrangements with utilities or others interested in using the Montana facility to complement their own electricity generation.

Read more: https://finance.yahoo.com/news/montana-energy-storage-project-lines-201143688.html?.tsrc=fauxdal

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