
Marketplace Tech
A battery farm in the Bronx could help clean up New York's power grid
Apr 29, 2025
The fight against climate change takes a financial twist as New York City plans to redirect public pension funds from fossil fuels to climate solutions. NineDot Energy operates a battery farm in the Bronx, providing crucial support to the power grid during peak times. With the capacity to power 3,000 homes for four hours, this initiative has significantly cut greenhouse gas emissions. Meanwhile, a young artist envisions a greener future through a mural, blending creativity and environmentalism to inspire urban sustainability.
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Quick takeaways
- New York City's net-zero plan leverages public pension investments to transition from fossil fuels to sustainable energy solutions.
- NineDot Energy's battery farm in the Bronx provides crucial backup power, helping to reduce greenhouse gas emissions during peak demand.
Deep dives
Investment in Clean Energy
Trillions of dollars in investment portfolios, particularly those for public retirees, represent a powerful resource in combating climate change. New York City has launched an ambitious net-zero plan aimed at transitioning pension funds away from fossil fuels and into clean energy. Currently, over $11 billion are invested in climate solutions, including a notable battery storage company, Nine Dot Energy, which is poised to enhance the city's energy resilience. This strategy not only seeks to support environmental sustainability but also aims to secure stable returns for the pension funds involved.
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