[Battery leasing]

A free battery that cuts your power bill.

Data centers need grid capacity now. They'll pay for a battery at your property. You pay $0, save on power, and earn rent.

$0

You pay

$20K–$400K

Est. bill savings / yr*

+ Rent

For the space

Trusted by the world's leading real estate owners

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AT&T logo
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Tishman Speyer logo
Michaels logo
1788 Holdings logo

[Why now]

The grid is short on power. Your property can fill the gap.

PJM serves 67 million people. It can't add power as fast as data centers need it, and rates are rising as a result.

11×

Rise in PJM capacity prices since 2024

$325

Per MW-day: the price cap, hit again in July

6.8 GW

Short of what the grid needs in 2028

1 GW

Google's new capacity deal with Voltus in PJM, paying local businesses to add capacity.

Sources: PJM 2028/29 capacity auction (July 2026); Utility Dive. Lumen is not a party to the Google–Voltus agreement.

[How it works]

They pay. You save.

Battery cabinets in the parking lot of a large commercial building under a blue sky Your building Battery · $0 to you ← Power to the grid
  1. [01]

    A battery lands in your lot, free

    An operator builds, owns, and insures it. You lease the space.

  2. [02]

    It powers the grid

    A data center company pays for that capacity under a long-term contract.

  3. [03]

    You get paid, every year

    Six-figure rent for the space, plus a lower power bill.

*Estimated savings, not a guarantee. Results depend on utility, tariff, and load. On triple-net leases, you earn the rent and your tenants get the savings. Income shown is illustrative.

[On your property]

A quiet tenant who pays for under-utilized space.

One or two rows of weatherproof cabinets on unused parking or land. The operator builds, insures, and maintains it for the life of the lease, then removes it at its own cost.

Aerial view of battery cabinets in the parking lot of a large industrial building
Uses spare parking, not your building
Rows of white battery storage cabinets on a concrete pad
Quiet, monitored, removed at lease end
A single battery cabinet beside a commercial building
Low profile. About as quiet as rooftop HVAC.

[Why Lumen]

The best economics for your property.

Lumen is the transaction platform that delivers landlords the best economics. We see the whole market and have completed hundreds of transactions.

1M+

Sites profiled

100s

Transactions completed

$0

Cost to you

Rooftop solar lease · Industrial warehouse · New Jersey · 300k sq ft

9 bids for one roof lease ($ / year)
7.8×
bid price spread
Contracted income$429,575 / yr20-year lease · adds $6.1M of value at a 7% cap rate
Bid 1: one developer's cold-emailed offerBid 9: winner through Lumen

[FAQ]

What owners ask first

Is the battery really free?

Yes. You pay nothing for the battery, install, or upkeep. A data center company's long-term capacity contract pays for it.

Who owns and maintains it?

The operator owns, insures, and maintains the battery for the full lease. You own the property and lease them the space.

Is it safe?

Battery systems are built to national fire codes, tested at scale, and reviewed by your local fire authority before they switch on. The operator carries the insurance.

What happens when the lease ends?

The operator removes the battery and restores the space at its own cost, or you agree to extend.

Can the battery go in a parking area instead of vacant land?

Often, yes. Low-utilization or excess parking is a common site type, alongside yard space and other underused land. The main requirements are about 10,000 sq ft, road access for construction, and enough distance from homes and schools. Lumen's free evaluation confirms whether a parking area on your property fits.

What happens if I sell or refinance the property?

The lease runs with the land, so it transfers to a new owner along with the property. Lenders and buyers see it as a fixed income stream tied to the parcel, and Lumen will work through any disclosure or estoppel documents they need.

Does my lender have to approve the lease?

If your property is financed, most mortgages require lender consent or notice before you sign a long-term lease. Loop your lender in early; Lumen and the operator can provide the lease terms and site plan for that review.

What does it cost me, and how is Lumen paid?

Your cost is $0. The operator funds construction, insurance, operations, and removal. Lumen is paid by the winning operator, and only if a project is built.

[Get started]

Find out if your property qualifies.

Most sites that qualify share four things. Not sure? Send the address and we'll check for you.

  • ✓

    It's on the PJM grid. Thirteen states, from Illinois to New Jersey.

  • ✓

    10,000+ sq ft to spare. Unused parking, yard, or land.

  • ✓

    You control the land. You own it or hold a long ground lease.

  • ✓

    Room from neighbors. About 150 ft from homes and schools.

*Estimated savings, not a guarantee. Results depend on utility, tariff, and load.

Get your free evaluation

A Lumen specialist replies by email with which sites qualify and what each could earn. No cost, no commitment.

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