Infracapital supplied the funding for the energy storage services provider, which also counts Jera and Tokyo Electric Power among its investors.
Investment manager M&G’s infrastructure-focused Infracapital subsidiary has invested £150m ($198m) in Zenobe, a UK-based energy storage and charging services provider backed by energy providers Tepco Power Grid and Jera.
Zenobe offers large-scale energy storage as a service for businesses that do not want to expend capital for their own equipment upfront. It serves large infrastructure operators and power generators and also provides charging services for public transport and vehicle fleet operators.
Tokyo Electric Power subsidiary Tepco Power Grid and Jera,…
