Deals Counterparts

InfraVia creates Supernova Power via Mercia Power Response & Balance Power merger

Acquisition StorageGas announced United Kingdom Apr 1, 2026
262 MW
Capacity
development
Stage
Supernova Power
Project

InfraVia has established Supernova Power, a UK-focused flexible power platform, by acquiring majority stakes in and merging Mercia Power Response and Balance Power. This strategic consolidation aims to create a scaled, integrated storage and flexible power platform to support the UK energy system and accelerate the energy transition. Mercia Power Response brings expertise in flexible gas peaking plants and battery storage, while Balance Power is a leading developer of battery storage sites. The combined entity, Supernova Power, will leverage its enhanced capabilities in development, construction, operations, and financing to accelerate the build-out of battery storage and flexible generation assets, addressing the challenges of intermittent renewable energy generation.

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Counterparts (11)

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Deal Analysis

InfraVia has acquired majority stakes in Mercia Power Response and Balance Power Projects, merging them to create Supernova Power, a UK-focused flexible power platform, as announced on 2026-04-01. Foresight Group, an infrastructure and private equity investment manager focused on sustainable infrastructure, was a seller in this transaction. Macquarie Capital, a global financial services organization with expertise in renewables and infrastructure, advised InfraVia on the buy side. Legal counsel for InfraVia was provided by Ashurst and Burges Salmon, while Osborne Clarke and Squire Patton Boggs advised the sellers. Osborne Clarke previously advised on a EUR 192 million financing deal in Germany related to battery storage technology.
  • InfraVia acquired majority stakes in Mercia Power Response and Balance Power Projects.
  • The merged entity is named Supernova Power.
  • The transaction was announced on 2026-04-01.
  • Foresight Group was a seller in the deal.
  • Macquarie Capital advised InfraVia.

Source Intelligence

KEY DETAILS

Mercia Power Response has a development portfolio of over 400MW of battery storage sites. Balance Power has a pipeline of over 1.4GW of battery storage assets across the UK. InfraVia owns a majority equity stake in the combined company, with both Mercia Power and Balance Power management holding minority equity interests. Mercia Power Response was majority owned since 2015 by funds managed by Foresight Group. Balance Power is a founder-owned company and has delivered 39 projects since inception across different energy technologies.

Capacity
Mercia currently operates a portfolio of 262MW gas peaking and battery storage sites and has a development portfolio of over 400MW of battery storage sites.
Location
InfraVia announces the creation of Supernova Power, a UK focused flexible power platform through the acquisition and merger of Mercia Power Response and Balance Power
Announcement
By WeAreBlow 1 April 2026 No Comments 1 April 2026 InfraVia announces the creation of Supernova Power, a UK focused flexible power platform through the acquisition and merger of Mercia Power Response and Balance Power
PARTIES MENTIONED IN SOURCE
I
InfraVia buyer

"InfraVia announces that it has acquired a majority stake in both Mercia Power Response (“Mercia”) and Balance Power Projects (“Balance”) and will merge the two companies into Supernova Power."

M
Mercia Power Response seller

"InfraVia announces that it has acquired a majority stake in both Mercia Power Response (“Mercia”) and Balance Power Projects (“Balance”) and will merge the two companies into Supernova Power."

B
Balance Power Projects seller

"InfraVia announces that it has acquired a majority stake in both Mercia Power Response (“Mercia”) and Balance Power Projects (“Balance”) and will merge the two companies into Supernova Power."

F
Foresight Group seller

"Mercia Power Response, majority owned since 2015 by funds managed by Foresight Group (“Foresight”), is a leading provider of flexible power response services to the UK grid and specialises in developing, constructing and operating flexible gas peaking plants and battery storage assets."

M
Macquarie Capital advisor

"InfraVia was advised by Macquarie Capital (M&A) and Ashurst (legal)."

A
Ashurst legal_counsel

"InfraVia was advised by Macquarie Capital (M&A) and Ashurst (legal)."

E
E&Y advisor

"Balance Power were advised by E&Y (M&A) and Burges Salmon (legal)."

B
Burges Salmon legal_counsel

"Balance Power were advised by E&Y (M&A) and Burges Salmon (legal)."

E
E&Y advisor

"Mercia Power Response and its management were advised by E&Y (M&A), Osborne Clarke (legal) and Squire Patton Boggs (legal)."

O
Osborne Clarke legal_counsel

"Mercia Power Response and its management were advised by E&Y (M&A), Osborne Clarke (legal) and Squire Patton Boggs (legal)."

S
Squire Patton Boggs legal_counsel

"Mercia Power Response and its management were advised by E&Y (M&A), Osborne Clarke (legal) and Squire Patton Boggs (legal)."

high quality Enriched Apr 1, 2026

Timeline

Announced
Apr 1, 2026
Signed
Closed

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