We discuss a 40MWh project in Finland with both the BESS provider Merus Power and customer/project owner eNordic, the investment manager in the region for private equity firm Ardian.

Global private equity firm Ardian has enlisted power solutions firm Merus Power for its first BESS project, a 38MW/40MWh system in Finland.

US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.

Aypa Power has bought two “late-stage development” battery storage projects in Indiana, US, from Blue Steel Power.

Aypa Power has secured US$320 million to advance activities including interconnection agreements and customer contracts for a 15GW+ pipeline.

Fuergy, a Slovakia-based company providing energy storage and management solutions, has raised €16 million (US$17.4 million) from local private equity firm Pro Partners Holding.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

System integrator Powin Energy has raised US$135 million from its existing shareholders Trilantic and Energy Impact Partners and new investor GIC, just weeks after a Samsung subsidiary took a minority stake.

A US company which claims its lithium-ion battery technology can be “safely installed in nearly any environment” has raised US$94.65 million in a Series C funding round. 

African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting solutions to its commercial and industrial clients.