Energy News Today

Coro offers exciting energy transition opportunity

() said its investee company Ion Ventures, in which it has a 20.3% stake, is accelerating its energy storage plans with a landmark UK transaction.

Ion is teaming up with the GLIL Infrastructure Fund to create Flexion Energy Holdings, which will provide grid-scale storage.  

GLIL, which has £2.5bn-worth of assets under management, has committed £150mln to the partnership.

Ion, meanwhile, is transferring its portfolio of UK energy storage projects to Flexion, as well as future UK storage business.

Read More: Coro offers exciting energy transition opportunity

2021-07-07 10:41:40

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