Zenobē Energy is an innovative energy storage firm with a strong UK market position, providing intelligent flexible power solutions to the utilities and infrastructure sectors, electric vehicle operators, and industrial and commercial businesses.
The £25 million investment, with an option for a further £10 million, from Japanese investors JERA Co. Inc. and TEPCO Power Grid, Inc. is one of the largest direct equity injections into a UK energy storage company.
The Burges Salmon team, led by Corporate partner Camilla Usher-Clark with support from senior associate Douglas Streatfeild-James, advised Zenobē Energy on all legal aspects of the transaction.
Camilla says: “We are delighted to have helped Zenobē with the next stage of its development and a key investment for its growth”.