Ropes & Gray Advises Nature Infrastructure Capital on Significant Investment in ECO STOR

Ropes & Gray has advised a consortium comprising Nature Infrastructure Capital (NIC) and Brookfield backed X-ELIO, who together have formed a strategic partnership with Å Energi Invest and other existing shareholders of ECO STOR to make a significant investment in ECO STOR, one of the leading utility-scale battery energy storage system (BESS) developers in Germany.

The partnership comes at a pivotal time for the German electricity market, given the significant expected expansion of the intermittent renewable generation.

In partnership with ECO STOR’s management team and certain existing shareholders, X-ELIO and NIC intend to invest the substantial amount of capital necessary to continue developing and constructing ECO STOR’s pipeline of utility-scale BESS projects.

This transaction represents the Ropes & Gray London private equity team’s second significant recent infrastructure instruction having advised on Partner’s Group’s acquisition of Exus in October last year.

The Ropes & Gray team included private equity associate Craig Jourdan, tax partners Andrew Howard and Chris Agnoli, associate George Longworth, and asset management partner Chris Townsend.