AXA IM Alts completed the acquisition of 50% stake in Coalburn 1 from Copenhagen Infrastructure Partners.

AXA IM Alts, an investment management company, completed the acquisition of 50 percent stake in Coalburn 1, a 500MW battery energy storage system, from Copenhagen Infrastructure Partners, a renewable energy investments company. Financial terms were not disclosed. “Our investment in Coalburn 1 marks a significant milestone as we enter the UK energy storage market, reinforcing our commitment to supporting the transition to a zero-carbon economy. Battery storage infrastructure is critical to achieving national energy security and unlocking the full potential of renewable energy. We look forward to working with experienced leaders of the sector to deliver resilient, long-term value for communities, our investors, and the environment,” Mark Gilligan, AXA IM Alts Head of Infrastructure.