Infrastructure investor SUSI Partners has concluded the investment phase for its dedicated Energy Storage Fund (SESF).
The fund, launched in 2017, consists of a portfolio of grid-scale and behind-the-meter assets in Canada, the UK, Australia and California, the US.
The fund’s most recent investment activity was focused on the UK market, which has been experiencing a surge in power supply volatility, and is therefore increasingly reliant on grid-scale battery storage, SUSI said.
On the back of a partnership with Eelpower, SUSI Partners, on behalf of SESF, acquired a number of assets located in England and Scotland for a total of 190MW.
In addition, the fund acquired a 50MW project from German renewables developer and long-standing partner ABO Wind in Northern Ireland, providing grid stability services to the single Irish electricity market.