Excelsior Energy Capital completed the acquisition of a battery energy storage development project from Black Mountain Energy Storage for $45m.

Excelsior Energy Capital, a private equity firm, completed the acquisition of a battery energy storage development project from Black Mountain Energy Storage, a battery storage company aiming to provide versatile energy storage services to utilities, for $45m. “We are pleased to have completed Evergreen Infrastructure’s first close. In today’s evolving energy landscape, companies are looking for capital that will partner with them as they adapt their businesses and navigate an accelerating long-term shift towards a lower-carbon economy. Evergreen’s forward-looking lens, partnership approach, and focus on core businesses and assets is designed to help investors capitalise on these dynamics, while supporting the sustainable growth of essential infrastructure,” Anne Valentine Andrews, BlackRock Global Head of Infrastructure and Real Estate.