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 capitalize 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 focused 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, has 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.
