SUSI Partners and ABB have partnered to provide financing and technology services to small-scale power grid and energy storage projects.
SUSI said it will provide up to €100m to support the development and execution of microgrid and energy storage projects through qualified engineering, procurement and construction (EPC) partners.
The Swiss fund manager will structure and finance the projects through its €252m SUSI Energy Storage Fund.
Power grids and electrification products company ABB will provide project developers with integrated technology solutions.
Marco van Daele, CIO of SUSI Partners, said: “This partnership with a renowned and knowledgeable technology partner such as ABB further broadens SUSI’s investment scope and we expect it to contribute numerous attractive investment opportunities for the SUSI Energy Storage Fund globally.”
Gustavo Coito, an investment director at SUSI Partners, said: “By combining ABB’s technical competencies with our structuring and financing capabilities, we will together with project development and EPC partners be able to contribute towards the adoption and successful deployment of integrated, no-money-down energy solutions to customers worldwide, resulting in a both environmentally clean and economically favourable proposition.”
Massimo Danieli, the head of ABB’s grid automation business, said: “As a pioneering technology and solution provider, we continue to explore partnerships to further enable and open up for an acceleration in the adoption of microgrid and energy storage solutions globally.“