SUSI Partners finalises deployment of first-of-its-kind institutional energy storage fund
Recent investment activity focussed on UK battery storage assets, adding to a diversified portfolio of utility-scale and behind-the-meter assets in Canada, Australia and California
Energy storage will continue to be a focus for SUSI’s ongoing energy transition investment strategies
SUSI Partners has concluded the investment phase for the first-of-its-kind, dedicated Energy Storage Fund (SESF) launched in 2017, compiling an attractive portfolio of assets in an increasingly important sector of the energy transition. The company will continue to invest in energy storage on behalf of its energy transition funds, having developed unique investment expertise in this still-evolving sector.
SESF has formed a diversified portfolio of both utility-scale battery storage assets as well as behind-the-meter solutions with ten investments across Canada, the UK, Australia and California. Utility-scale batteries enable investors to capitalise on increasing volatility and mismatches of power supply and demand and are a key enabler of further renewable power deployment at the scale required for the energy transition. Behind-the-meter storage solutions support commercial, industrial and residential customers in reducing their energy cost and carbon footprints, and help them regain more independence from increasingly unstable grids.
The fund’s most recent investment activity was focussed on the UK, which has been experiencing a surge in power supply volatility and is therefore increasingly reliant on grid-scale battery storage. On the back of a partnership with Eelpower, a UK-based owner-operator of sustainable energy infrastructure, SUSI Partners, on behalf of SESF, acquired a number of attractive assets located in England and Scotland for a total of 190MW. In addition, the fund successfully 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.
In recent years, energy storage, and battery storage, in particular, have become a key pillar of the energy transition. With the share of intermittent renewable energy increasing globally, the demand for energy storage and grid balancing services is soaring, underscoring the importance of providing a more comprehensive solution to flexibility and grid integration. SUSI Partners will continue to apply its longstanding expertise in investing across the energy transition spectrum in the deployment of its energy transition funds.
ABOUT SUSI PARTNERS
Founded in 2009, SUSI Partners is a Swiss fund manager specialised in sustainable energy infrastructure investments with EUR 1.6bn in capital commitments from institutional investors. The firm’s investment strategy focuses on private equity and credit opportunities across the energy transition spectrum, including clean energy generation, energy efficiency measures, and energy
storage and integrated solutions. With a successful track record of more than 120 transactions in over 20 countries to date, SUSI Partners seeks to achieve attractive risk-adjusted returns for its clients and their beneficiaries while contributing meaningfully to achieving global carbon neutrality.