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EDA staff update: battery storage developer Light Shift Energy holds option on Falling Branch parcels
Summary
Staff reported Light Shift Energy (formerly DeLorean Power) holds an option on parcels in Falling Branch Corporate Park for a battery storage project that could be ~80 megawatts (units of 3–5 MW); the option and lease run through 2028 on about 10.89 acres and a 'sales price' figure of '675' was cited in the transcript but units were not specified.
Staff told the board that Light Shift Energy, previously identified in the transcript as DeLorean Power, holds an option on two Falling Branch Corporate Park parcels (2A and 2B) for a battery storage project.
According to the update, the company initially proposed a smaller installation but is now considering roughly 80 megawatts composed of units of about 3 to 5 megawatts each. Staff said the site connects to the PJM transmission area and that the option covers about 10.89 acres; staff also said their lease with the developer runs through 2028. The transcript lists a 'sales price' as '675' but does not specify units (for example, whether that is $675,000). The prior sale referenced in the transcript was listed as '62,000' for United Therapeutics.
Staff reported completed due-diligence steps including a phase I environmental site assessment and an ALTA survey. The EDA indicated it is facilitating introductions with relevant parties as the developer prepares to submit a formal proposal next year.
No final agreement was recorded in the transcript; staff described the status as an active option and lease with an expiration in 2028 and noted the project would operate within the PJM grid.
