Infracapital, the infrastructure equity investment arm of M&G, has allocated £150 million ($198 million) to Zenobe Energy, a UK-based battery storage operator and provider of infrastructure services to electric vehicle operators.
Zenobe is backed by Tiger Infrastructure Partners, a private equity firm that invests in middle market infrastructure companies. Tiger Infrastructure was one of the company’s first institutional investors in 2017 after Zenobe had built its first operational and construction-ready grid-scale battery sites.
Last year, Zenobe added JERA Storage, a subsidiary of Japanese power utilities JERA and Tepco, as . . .
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