Prospect Power (PJM-AF1-028) — Project Summary

Queue ID
PJM-AF1-028
Capacity
200 MW
Technology
Battery
Status
active
Location
Rockingham, VA
Region
PJM
Developer
—
IA Status
IA Executed

Prospect Power

PJM-AF1-028BetaActiveBatteryPJMLBNL + Live

200 MW storage in Rockingham, VA · In queue since May 2019 · Proposed COD May 2026

BA: PJMISO/RTO: PJMNERC: SERCRC: PJM

200 MW

Capacity

1

Components

Battery

7y 2m

In Queue

IA Executed

IA Phase

COD target: 2026

Interconnection

Total Duration

7 years

Schedule

1 months past proposed COD

Construction75%
Queue EntryMay 13, 2019

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 6–18 months

Commercial Operation

Proposed COD: 2026-05-31

Cross-source intelligence
Beta
High confidence·1 sources·as of 2026-06-01
Expected COD
2026-05-31
From queue filing
Developer
Elevate Renewables
Recent ownership change
Status
IA Executed
IA Executed — project in construction phase as of Jan 2026 following acquisition by Elevate Renewables
Financing
Secured
Project has 15-year physical PPA in place; acquisition by Elevate Renewables (Jan 2026) implies financing secured for construction
Ownership history
  1. 2026-01·Swift Current Energy→Elevate Renewablessource
Key milestones
IA executedMay 2019

Interconnection Agreement executed with PJM (queue date 2019-05-13)

source
Ownership changeJan 15, 2026

Elevate Renewables acquires 150 MW Prospect Power Storage project from Swift Current Energy

source
COD targetMay 31, 2026Most recent

Target commercial operation date per LBNL queue; construction phase confirmed Jan 2026

source
Project lifecycle
as of 2026-01-15
PhaseConstructionBusiness Wire · 2026-01-15
OperationalNoBusiness Wire · 2026-01-15
TechnologyBatteryBusiness Wire · 2026-01-15
DeveloperElevate RenewablesBusiness Wire · 2026-01-15
PPA offtakerDominion Energy VirginiaBusiness Wire · 2026-01-15
About

Prospect Power is a proposed 200 MW battery storage project located in Rockingham County, Virginia. The project is being developed within the PJM Interconnection queue under queue ID PJM-AF1-028. Its queue entry date is May 13, 2019, and the proposed commercial operation date is February 1, 2026. The interconnection agreement for Prospect Power has been executed.

The project is interconnected to the Dominion utility grid at the Endless Caverns 115 kV point of interconnection. Prospect Power has been the subject of recent news coverage, with eight articles focusing on deals, regulatory matters, and development aspects of the project.

Generated from interconnection queue and public data sources

PJM Queue
Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

VA

County

Rockingham

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

—

Utility

Dominion

Entity

PJM

Service Type

NRIS

Point of Interconnection

Endless Caverns 115 kV

Data Source

LBNL + Live

DeveloperSwift Current EnergyBusiness Wire · 2026-01-15
TransactionAcquisitionBusiness Wire · 2026-01-15
OfftakerElevate RenewablesBusiness Wire · 2026-01-15
PPA structurePhysicalBusiness Wire · 2026-01-15
PPA term15 yearsBusiness Wire · 2026-01-15
Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
DOMINION HUB
Hub Confidence
HIGH
Nearest Node (Estimated)
ENDCAVRN35 KV ENDCA1SP
POI Substation
Endless Caverns Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Insights & Articles (2)Beta

Last updated 2026-03-26

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InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.