EQT, via its EQT Infrastructure VI fund, has agreed to acquire Statera Energy from InfraRed Capital Partners.
Headquartered in London, Statera is a prominent player in the United Kingdom’s battery storage and flexible energy-generation sector. In addition to being an early entrant in the battery space, it recognized the importance of other key flexible technologies, namely pumped hydro and green hydrogen production, which are expected to aid the United Kingdom’s transition to a predominantly intermittent renewable-energy supply.
Statera has 1 gigawatt of flexible generation in operation and under construction — or enough to power around 750,000 homes — and a total project pipeline of more than 16 gigawatts, with plans to deliver 7.5 gigawatts of flexibility assets by 2030.
EQT Infrastructure will provide access to growth capital to accelerate the deployment of flexible generation across the United Kingdom.
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