Tepco Power Grid and Jera, both of which represent Tokyo Electric Power, have provided $32.3m in funding for the battery storage provider.

UK-based energy storage system provider Zenobe Energy received £25m ($32.3m) in funding on Tuesday from electricity transmission services provider Tepco Power Grid and fuel and power supplier Jera.

Zenobe produces and installs battery systems that can flexibly store energy to suit the needs of businesses, including the charging needs of electric buses in depots, on site, and currently has 73 MW of systems online.

The company owns and operates the systems and customers pay them for the energy. It also…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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