Highview Power secures funding for global expansion

11 Feb 2021

UK-based long duration energy storage solutions provider Highview Power has secured more than US$70m in a growth capital funding round.

With the current funding round, the company brings the total funding and grants it has received to date to more than US$145m.

The growth capital round includes previously announced US$5.5m investment from the founding investors, US$46m investment from Sumitomo Heavy Industries (SHI) and additional investments from strategic investors Janus Continental Group (JCG) and TSK.

Highview Power intends to use the funding to continue its global expansion and advance more projects into the commercialisation phase.

The company currently has 700MWh of projects under development, with a portfolio of over 4GWh late-stage projects across the US, Europe and Latin America.

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