Osborne Clarke advises terralayr on EUR 192 million financing round for German battery storage roll out

Osborne Clarke has advised terralayr, an energy flexibility provider focused on battery storage in Germany, on a growth equity financing totaling EUR 192 million. The funding round was led by European investment firm Eurazeo, through its infrastructure division, and was supported by existing investors, including RIVE Private Investment. The proceeds from the capital increase will enable terralayr to further expand its portfolio of grid-connected battery storage assets in Germany and to scale its proprietary flexibility platform LAYR – a “flexibility-as-a-service” offering addressing one of the most dynamic segments of the European power market.