S'abonner

Enfinity Global sells stake in energy storage projects in the US and Italy to Daiwa Energy & Infrastructure

Enfinity Global has sold a 49% minority stake in two energy storage projects in the US and Italy to Daiwa Energy & Infrastructure, a major player in alternative investments.

Share:

Enfinity Global Inc. announced the sale of a minority stake of approximately 49% in two battery energy storage system (BESS) projects totalling 380 MW to Daiwa Energy & Infrastructure Ltd. (DEI), the alternative asset investment arm of Daiwa Securities Group, one of Japan’s leading financial groups. Enfinity retains 51% of the shares and will continue to lead the development and construction while managing the projects over the long term.

Details of the energy storage projects

The first project, located in the Houston zone of Texas within the ERCOT market, comprises a 250 MW energy storage facility with a two-hour duration and a 500 MWh capacity. The second, located in the Veneto region of Italy, has a capacity of 130 MW, with a four-hour duration and a 520 MWh capacity. Both projects are expected to become operational by 2027.

Strengthening grid resilience

The collaboration between Enfinity Global and Daiwa Energy & Infrastructure aims to strengthen the resilience of power grids and support the growing electricity demand from data centres, artificial intelligence, and industrial electrification in both the US and Italy. This initiative highlights the increasing importance of energy storage in responding to the variable output of renewable electricity generation.

Carlos Domenech, Chief Executive Officer of Enfinity Global, stated: “We are honoured to partner with Daiwa Energy & Infrastructure to bring new investments to the US and Italy. This collaboration offers a tangible case study of strengthening grid capacity and delivering reliable, clean energy.”

A global growth strategy

Jun Hayakawa, Deputy President of DEI, noted that energy storage is a key sector to address rising electricity demand, particularly from data centres. He added: “Enfinity Global is a trusted partner and is well positioned to capitalise on the global energy storage market.”

Enfinity Global, an independent power producer (IPP), continues to diversify its global portfolio with 35.5 GW of assets, including 20.9 GW of solar and wind projects and 14.6 GW of energy storage developments. The company aims to strengthen its position in the global renewable energy and storage market.

  • Popular on energynews.pro
The International Energy Agency forecasts 7% growth in global LNG trade in 2026
Arabelle Solutions to equip Darlington SMR with 34-metre turbine
Exus Renewables North America secures $308.2 million for solar and wind projects
Chestnut Carbon secures pioneering non-recourse financing of $210mn for afforestation in the U.S.
Turkey proposes new expanded energy deal to Iraq with oil, gas and electricity
SUNOTEC and Sungrow reach major agreement for 2.4 GWh energy storage in Bulgaria
SUNOTEC and Sungrow announce the signing of a strategic contract to deploy 2.4 GWh of batteries for large-scale solar projects in Bulgaria, setting a new record for energy storage in Southeast Europe.
Inlyte Energy launches 4 MWh iron-sodium battery to boost resilience in California
A 4 MWh iron-sodium energy storage system will be deployed in Sonoma County, supporting a critical evacuation zone and reducing diesel reliance in the face of increasing wildfire risks.
Elements Green secures £140mn funding for its 360 MW energy storage project in the UK
Elements Green has secured £140mn ($181mn) in funding to develop a 360 MW battery storage system, one of the largest in the country, with support from Goldman Sachs Alternatives.
Google signs global agreement with Energy Dome to deploy CO₂ systems
Energy Dome has signed a strategic partnership with Google to globally deploy its long-duration CO₂-based energy storage technology, aiming to support the continuous supply of electricity to power grids.
Tulip Innovation secures third injunction against Sunwoda in battery patent dispute
Tulip Innovation has obtained a third injunction in Germany against Sunwoda Group in a battery technology patent case, strengthening its position in the electric vehicle components market.
NovaSource Power Services takes charge of operations at Melbourne Renewable Energy Hub
NovaSource Power Services has been selected to manage operations and maintenance for the Melbourne Renewable Energy Hub, a key 1.6 GWh energy storage infrastructure at the heart of Victoria’s energy strategy.
Desay Battery launches proactive safety batteries and targets the global storage market
Desay Battery unveiled its new generation of energy storage solutions in Changsha, focusing on proactive safety and innovations for data centres and the global market.
The largest 500 MW energy storage site in southern Xinjiang is now operational
A 500 MW independent energy storage site has just been connected to the grid near Kashgar, marking a significant step forward in the modernisation of southern Xinjiang’s electricity network.
Macsen Labs Makes a Breakthrough with Its Prussian White Cathode Material for Sodium-Ion Batteries
Macsen Labs announces a major advancement with its Prussian White material for Sodium-Ion batteries. The company files a provisional patent and moves to the pilot-scale production phase.
AMEA Power commissions Egypt’s first large-scale battery energy storage system
AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.
SolaREIT deploys over $125mn to finance land for battery storage in the United States
SolaREIT announces it has committed more than $125mn to battery storage projects, supporting over 1.4 GW across the United States with land solutions dedicated to sector developers.
Global battery storage market to reach $143bn by 2031
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
Germany: Grid fees reform threatens growth of energy storage
A potential removal of grid fees exemption for battery storage systems is raising concerns among players in Germany's energy sector, fearing negative impacts on investment and the development of this key infrastructure.
Recurrent Energy launches 1,200 MWh storage project in Arizona
Canadian Solar's subsidiary commissions the Papago Storage facility, supplying electricity to Arizona Public Service to meet high summer demand, thus strengthening local energy capacity with a total potential of 1,800 MWh.
EDF Power Solutions wins major energy storage contract in Japan
EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.
Atmos Renewables finances major energy storage project in Australia
Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Eos Energy secures additional $22.7mn to strengthen US production capacity
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
Global investments of $1.2 trillion needed for energy storage by 2034
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
HyperStrong and Repono launch 1.4 GWh of energy storage in Europe by 2027
Chinese company HyperStrong and Swedish firm Repono AB announce a strategic agreement to jointly implement large-scale energy storage projects totalling 1.4 GWh in Europe by the end of 2027.
Globeleq closes $300 million financing for landmark project
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING