Impala and Exor to invest in TagEnergy.

Impala, an investment firm, and Exor, a diversified holding company, agreed to invest in TagEnergy, a renewable energy and energy storage company. Financial terms were not disclosed. "We have increased our focus in ESG in recent years and particularly in the energy transition essential for achieving a decarbonised future. As large sectors of the economy become increasingly electrified, the development of renewable, carbon-free sources of electricity is more necessary than ever. This will be coupled with a growing need to store intermittently-generated energy and stabilise grids that were previously designed around more centralised and controllable production centres. In joining forces with Jacques Veyrat and the TagEnergy team, who have proven their deep knowledge of the sector and their long-term commitment to building a great company, we are choosing to support an outstanding team in dynamic geographies with great potential," John Elkann, Exor CEO.