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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.

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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.

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