Jan 2021

Opus advises Eelpower on its battery storage partnership with SUSI

Category: Deal Announcement

Opus is pleased to have advised Eelpower in connection with establishing a new partnership with Switzerland-based infrastructure investment firm SUSI Partners to build a significant position in the UK grid-connected, battery storage market. The transaction involved the sale to SUSI of 40MW of Eelpower’s existing electricity storage assets, and the establishment of a partnership to construct and operate a pipeline of new build assets. The transaction also included the acquisition of the first pipeline asset, a 50MW battery project located in Scotland. Eelpower will manage all the assets in the venture and act as the focal point for new investment. Each of the assets will benefit from innovative off-take contracts with major UK utilities, including Centrica.

This is a market leading transaction and a further example of Opus’s expertise relating to the energy transition. It follows the recent announcement of the sale of DEXMA, a SaaS based energy management software business to Nemetschek AG.

For further information please contact: John McElroy, Stuart Schofield, Michael Mizon and Thalia Ilsen Nunn.