Global Infrastructure SherpaPalisade Infrastructure invests in MicroGrid Networks' battery energy storage platform
Palisade Infrastructure, in partnership with SER Capital Partners, has made a strategic investment in MicroGrid Networks (MGN), a developer, owner and operator of battery energy storage systems in New York City, to support MGN’s continued growth across New York City and adjacent markets.
Counterparts (3)
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- Palisade Infrastructure and SER Capital Partners are investing in MicroGrid Networks, a BESS developer in New York City.
- The investment targets the expansion of MGN's battery storage platform across New York City and neighboring areas.
- The project involves a 250 MWh battery storage capacity.
- This deal highlights the growing trend of infrastructure investment in distributed energy resources.
Source Intelligence
SER will retain a majority ownership stake in the platform company and continue to actively support the company alongside Palisade and the MGN management team.
"MicroGrid Networks closes on investment from Palisade Infrastructure for battery energy storage in New York City"
"a strategic investment from Palisade Infrastructure, in partnership with SER Capital Partners"
"MicroGrid Networks, (MGN), a developer, owner and operator of battery energy storage systems in New York City"
Timeline
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