InfraRed-backed TRIG completed the acquisition of Fig Power for £20m.

InfraRed-backed TRIG, a British investment trust, completed the acquisition of Fig Power, a battery storage solutions provider, for £20m. "Flexible capacity, of which battery storage is a key component, is core to the energy transition and important to the rollout of renewables. Batteries, therefore, represent an important investment sector for TRIG, providing diversifying and often complementary revenues to the portfolio," Richard Crawford, InfraRed Capital Partners Head of Energy Income Funds.