Foresight Energy Infrastructure Partners II has completed an investment in German battery storage developer Mirai Power.
Foresight said Mirai Power has built a 12.5GW pipeline of battery energy storage projects across Germany since its founding in 2024.
Mirai Power added that it develops, constructs and operates large-scale battery storage assets, primarily targeting transmission-connected projects.
The company’s founding team will continue to lead the business with support from Foresight to expand into international markets.
The investment aligns with FEIP II’s strategy to build a pan-European independent flexibility platform.
“Battery energy storage is a critical enabler of the energy transition, providing the flexibility and resilience required as power systems decarbonise,” said Richard Thompson, partner at Foresight and co-manager of FEIP II (pictured).
“Mirai has built an impressive platform in a highly competitive market, combining technical expertise with a strong pipeline of high-quality projects.”
“The investment from Foresight marks an important milestone in Mirai’s growth,” said Marco Frascati, managing director and co-founder of Mirai Power.
“It enables us to move forward with the project pipeline we have developed in Germany and to continue our rapid expansion.”