Japan-based manufacturer Sumitomo Heavy Industries has invested $46m into Highview Power as part of a partnership with the US-based energy storage services provider.
The Sumitomo SHI FW subsidiary will be the technology hub for the cryogenic storage business with Highview Power.
Shaun Dean, vice-president at Sumitomo, and Tomas Harju-Jeanty, CEO at Sumitomo SHI FW, will join the board of Highview Power.
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