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Fullmark Energy quietly shuttered Swiftsure, a planned 650-megawatt energy storage system on Staten Island.

The biggest battery project in New York has been canceled in a major victory for the nascent nationwide grassroots movement against energy storage development.
It’s still a mystery why exactly the developer of Staten Island’s Swiftsure project, Fullmark Energy (formerly known as Hecate), pulled the plug. We do know a few key details: First, Fullmark did not announce publicly that it was killing the project, instead quietly submitting a short, one-page withdrawal letter to the New York State Department of Public Service. That letter, which is publicly available, is dated August 18 of this year, meaning that the move formally occurred two months ago. Still, nobody in Staten Island seems to have known until late Friday afternoon when local publication SI Advance first reported the withdrawal.
Second, Swiftsure was going to be massive. It was the largest planned battery storage project in New York State, according to public records, with the ability to store upwards of 650 megawatts of electricity — enough to power more than half a million homes. That makes Swiftsure likely one of the largest battery projects in the country, with more capacity than any other energy storage project currently facing opposition in the U.S., according to our very own Heatmap Pro database. This is the second Fullmark project to totally flop in recent months. We reported last week that one of the company’s projects outside of Los Angeles had its permits voided in a court ruling that also blocked battery storage development in unincorporated areas outside the city.
Third, and potentially most significant for energy developers in New York City: Swiftsure’s death will almost certainly embolden the anti-storage activist movement.
Curtis Sliwa, the Republican nominee in next week’s New York mayoral election, was one of many local politicians who opposed Swiftsure and rallied with residents close to the proposed site in May. He’s part of a broader trend of Republican politicians becoming skeptical of battery storage sites near where people live and work, including in Democrat-ruled New York.
Putting batteries in the five boroughs has always been a challenge, but January’s Moss Landing battery fire in California created a PR frenzy in the city, as conservative figures seized on the online panic created by the blaze. Once-agnostic GOP members of Congress from New York City are now anti-battery storage in their backyards, including Anthony D’Esposito, Nicole Malliotakis and Mike Lawler. Trump’s Environmental Protection Agency administrator, Lee Zeldin — a former NYC congressman — is now weighing in against individual battery projects on Long Island and Staten Island.
Swiftsure was proposed in 2023 and permitted by the state last year. Fullmark was given a deadline of this spring to submit routine paperwork demonstrating how it would comply with conditions of the site’s permit, including how the battery storage project would be decommissioned. In August, the New York Department of Public Service gave Fullmark an extension until October 11.
Instead of meeting that October deadline, it seems Fullmark quietly withdrew its Swiftsure proposal.
It’s unclear how Democrat Zohran Mamdani or independent Andrew Cuomo would handle the rise of the anti-battery movement if either of them wins the November 4 mayoral election. That’s partially because energy policy and climate change have been non-issues in the campaign, saving small mentions of nuclear power, heat pumps, or gas prices in one-off debate answers or social media posts.
Sliwa, who has referred to Swiftsure as a “mini Chernobyl,” told me that he anticipates this victory will lead to more protests at more battery sites, no matter who wins the mayoral election. “The cancellation of this lithium-ion battery warehouse will reverberate throughout the boroughs,” Sliwa told me Monday. “It’ll be a rallying cry [because] it’s not a fait accompli that these facilities will be complete and operational.”
The Mamdani and Cuomo campaigns did not respond to requests for comment on Swiftsure’s cancellation.
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Clean energy stocks were up after the court ruled that the president lacked legal authority to impose the trade barriers.
The Supreme Court struck down several of Donald Trump’s tariffs — the “fentanyl” tariffs on Canada, Mexico, and China and the worldwide “reciprocal” tariffs ostensibly designed to cure the trade deficit — on Friday morning, ruling that they are illegal under the International Emergency Economic Powers Act.
The actual details of refunding tariffs will have to be addressed by lower courts. Meanwhile, the White House has previewed plans to quickly reimpose tariffs under other, better-established authorities.
The tariffs have weighed heavily on clean energy manufacturers, with several companies’ share prices falling dramatically in the wake of the initial announcements in April and tariff discussion dominating subsequent earnings calls. Now there’s been a sigh of relief, although many analysts expected the Court to be extremely skeptical of the Trump administration’s legal arguments for the tariffs.
The iShares Global Clean Energy ETF was up almost 1%, and shares in the solar manufacturer First Solar and the inverter company Enphase were up over 5% and 3%, respectively.
First Solar initially seemed like a winner of the trade barriers, however the company said during its first quarter earnings call last year that the high tariff rate and uncertainty about future policy negatively affected investments it had made in Asia for the U.S. market. Enphase, the inverter and battery company, reported that its gross margins included five percentage points of negative impact from reciprocal tariffs.
Trump unveiled the reciprocal tariffs on April 2, a.k.a. “liberation day,” and they have dominated decisionmaking and investor sentiment for clean energy companies. Despite extensive efforts to build an American supply chain, many U.S. clean energy companies — especially if they deal with batteries or solar — are still often dependent on imports, especially from Asia and specifically China.
In an April earnings call, Tesla’s chief financial officer said that the impact of tariffs on the company’s energy business would be “outsized.” The turbine manufacturer GE Vernova predicted hundreds of millions of dollars of new costs.
Companies scrambled and accelerated their efforts to source products and supplies from the United States, or at least anywhere other than China.
Even though the tariffs were quickly dialed back following a brutal market reaction, costs that were still being felt through the end of last year. Tesla said during its January earnings call that it expected margins to shrink in its energy business due to “policy uncertainty” and the “cost of tariffs.”
Alphabet and Amazon each plan to spend a small-country-GDP’s worth of money this year.
Big tech is spending big on data centers — which means it’s also spending big on power.
Alphabet, the parent company of Google, announced Wednesday that it expects to spend $175 billion to $185 billion on capital expenditures this year. That estimate is about double what it spent in 2025, far north of Wall Street’s expected $121 billion, and somewhere between the gross domestic products of Ecuador and Morocco.
This is a “a massive investment in absolute terms,” Jefferies analyst Brent Thill wrote in a note to clients Thursday. “Jarringly large,” Guggenheim analyst Michael Morris wrote. With this announcement, total expected capital expenditures by Alphabet, Microsoft and Meta for 2026 are at $459 billion, according to Jefferies calculations — roughly the GDP of South Africa. If Alphabet’s spending comes in at the top end of its projected range, that would be a third larger than the “total data center spend across the 6 largest players only 3 years ago,” according to Brian Nowak, an analyst at Morgan Stanley.
And that was before Thursday, when Amazon told investors that it expects to spend “about $200 billion” on capital expenditures this year.
For Alphabet, this growth in capital expenditure will fund data center development to serve AI demand, just as it did last year. In 2025, “the vast majority of our capex was invested in technical infrastructure, approximately 60% of that investment in servers, and 40% in data centers and networking equipment,” chief financial officer Anat Ashkenazi said on the company’s earnings call.
The ramp up in data center capacity planned by the tech giants necessarily means more power demand. Google previewed its immense power needs late last year when it acquired the renewable developer Intersect for almost $5 billion.
When asked by an analyst during the company’s Wednesday earnings call “what keeps you up at night,” Alphabet chief executive Sundar Pichai said, “I think specifically at this moment, maybe the top question is definitely around capacity — all constraints, be it power, land, supply chain constraints. How do you ramp up to meet this extraordinary demand for this moment?”
One answer is to contract with utilities to build. The utility and renewable developer NextEra said during the company’s earnings call last week that it plans to bring on 15 gigawatts worth of power to serve datacenters over the next decade, “but I'll be disappointed if we don't double our goal and deliver at least 30 gigawatts through this channel by 2035,” NextEra chief executive John Ketchum said. (A single gigawatt can power about 800,000 homes).
The largest and most well-established technology companies — the Microsofts, the Alphabets, the Metas, and the Amazons — have various sustainability and clean energy commitments, meaning that all sorts of clean power (as well as a fair amount of natural gas) are likely to get even more investment as data center investment ramps up.
Jefferies analyst Julien Dumoulin-Smith described the Alphabet capex figure as “a utility tailwind,” specifically calling out NextEra, renewable developer Clearway Energy (which struck a $2.4 billion deal with Google for 1.2 gigawatts worth of projects earlier this year), utility Entergy (which is Google’s partner for $4 billion worth of projects in Arkansas), Kansas-based utility Evergy (which is working on a data center project in Kansas City with Google), and Wisconsin-based utility Alliant (which is working on data center projects with Google in Iowa).
If getting power for its data centers keeps Pichai up at night, there’s no lack of utility executives willing to answer his calls.
The offshore wind industry is now five-for-five against Trump’s orders to halt construction.
District Judge Royce Lamberth ruled Monday morning that Orsted could resume construction of the Sunrise Wind project off the coast of New England. This wasn’t a surprise considering Lamberth has previously ruled not once but twice in favor of Orsted continuing work on a separate offshore energy project, Revolution Wind, and the legal arguments were the same. It also comes after the Trump administration lost three other cases over these stop work orders, which were issued without warning shortly before Christmas on questionable national security grounds.
The stakes in this case couldn’t be more clear. If the government were to somehow prevail in one or more of these cases, it would potentially allow agencies to shut down any construction project underway using even the vaguest of national security claims. But as I have previously explained, that behavior is often a textbook violation of federal administrative procedure law.
Whether the Trump administration will appeal any of these rulings is now the most urgent question. There have been no indications that the administration intends to do so, and a review of the federal dockets indicates nothing has been filed yet.
The Department of Justice declined to comment on whether it would seek to appeal any or all of the rulings.
Editor’s note: This story has been updated to reflect that the administration declined to comment.