Advanced Microgrid Solutions gets US$200 million finance from Macquarie

LinkedIn
Twitter
Reddit
Facebook
Email

Energy storage system integrator Advanced Microgrid Solutions (AMS) has secured US$200 million of project finance from Macquarie Capital.

The deal is thought to be the largest project funding deal in the sector so far. Proceeds will be used to design, build and operate facilities at commercial, industrial and government sites.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Raj Prabhu, CEO and co-founder of Mercom Capital Group told Energy-Storage.News the deal had significance for the company and the sector as a whole.

“Advanced Microgrid Solutions’ US$200 million project funding is the largest of its kind. Stem was the only company so far which had raised a three figure project fund for energy storage systems with US$100 million. Access to large amounts of project funds is a big differentiator for energy storage system integrators and this is a very positive development for Advanced Microgrid Solutions.”

Susan Kennedy, CEO of AMS referred to Macquarie as the “MVP in the world of energy infrastructure” while Macquarie looked ahead to global energy storage opportunities.

"AMS's focus on contracted, grid-scale energy storage projects stands out amongst developers forging a path in the energy storage space," said Rob Kupchak, head of US power, utilities and renewables, Macquarie Capital. "The next decade is likely to see huge changes in the mix of energy consumed across the globe, and we see energy storage rapidly emerging as a growth market in the next generation of energy infrastructure."

The deal is thought to be the largest project funding deal in the sector so far.

Read Next

Premium
July 8, 2025
ESN Premium speaks with Sahand Karimi, co-founder and CEO of Australian AI-driven energy management company OptiGrid, on the new FPP reform.
Premium
July 8, 2025
Listing via the Hong Kong Stock Exchange is emerging as a key financing pathway for China’s energy storage players, writes Carrie Xiao.
Premium
July 3, 2025
FlexGen Power Systems (FlexGen) has bid to take over rival US system integrator Powin during the latter’s Chapter 11 bankruptcy proceedings.
Premium
June 24, 2025
Competition from Chinese manufacturers put Powin on a tricky footing, even before industry headwinds dealt the company what appears to have been a lethal blow.
June 4, 2025
A consortium of lenders, including state-owned bank Oschadbank, has agreed to Ukraine’s biggest financing for battery energy storage system (BESS) projects to date.

Most Popular

Email Newsletter