Glil Infrastructure Invests £150 Million In Flexion Energy, A Joint Venture With Ion Ventures To Scale Uk Energy Storage Infrastructure And Support The Uk’S Transition To Net Zero
Glil Infrastructure Invests £150 Million In Flexion Energy, A Joint Venture With Ion Ventures To Scale Uk Energy Storage Infrastructure And Support The Uk’S Transition To Net Zero
07/07/21, 6:12 AM
Location
londonMoney raised
£150 million
Flexion Energy, the modern utility company and energy storage infrastructure specialist, today announces that it has received £150 million of investment from GLIL Infrastructure.
Company Info
Location
london, ontario, canada
Additional Info
Flexion Energy is a modern utility and energy storage infrastructure specialist. Flexion Energy bridges the gap between development and finance in the energy storage sector – sourcing, developing and operating energy storage assets at scale in the UK. Founded by Dan Taylor and Hassen Bali, Flexion Energy has blended commercial and technical expertise to develop energy storage solutions which manage grid volatility during the transition to renewable energy. For more information, please visit https://flexion.energy/.
About GLIL Infrastructure:
GLIL is an Alternative Investment Fund with £2.475bn of committed capital. The fund was established in April 2015 by Greater Manchester Pension Fund and the London Pensions Fund Authority. It was relaunched in 2018 as an Alternative Investment Fund to invest in infrastructure projects and is now supported by a number of UK Local Government Pension Funds, including Greater Manchester, Merseyside and West Yorkshire Pension Funds, which are known collectively as Northern LGPS, and Lancashire County Pension Fund, Royal County of Berkshire Pension Fund and the London Pensions Fund Authority, which form Local Pensions Partnership. In March 2021, GLIL was appointed as an infrastructure investment partner for Nest, the Government-established workplace pension provider. For more information, please visit: www.glil.co.uk
About ion Ventures:
ion Ventures was established in 2018 to exploit opportunities that arise from the increasing complexity of energy systems, the shift to distributed generation and more localised networks and the need for flexible and responsive solutions. ion Ventures specialises in utilising appropriate technology, combined with commercial expertise, to identify and deliver solutions that meet these challenges. The company’s management team collectively has more than 25 years’ experience in the clean energy industry, with a proven track record financing and developing clean energy projects, including energy storage.
For more information, please visit: https://www.ion.ventures/