Enfinity Global has sold a 49 percent minority interest in two large-scale battery energy storage system (BESS) projects totaling 380 megawatts to Daiwa Energy & Infrastructure (DEI), an alternative asset management arm of Japanese financial institution Daiwa Securities Group.
Enfinity Global retains a 51 percent controlling stake in the projects and will be responsible for completing their development and construction. The company also will serve as the projects’ long-term asset manager.
The first project, located in the Houston zone of ERCOT, is a 250-megawatt BESS with a two-hour duration and 500 megawatt-hours of capacity. The second project, located in the Veneto region of Italy, is a 130-megawatt BESS with a four-hour duration and 520 megawatt-hours of capacity. Both projects are expected to begin operations by 2027.
Enfinity said the global collaboration with Daiwa on these two projects will help strengthen grid resilience and support the growing po
