Luxcara completed the acquisition of a majority stake in BESS from Trianel.

Luxcara, a unique approach to clean energy infrastructure investments, has completed the acquisition of a majority stake in BESS, a large-scale battery energy storage project from Trianel, a municipal utility, thereby boosting its independence and competitiveness in the energy market. Financial terms were not disclosed. “With this BESS project, we are not only expanding our clean infrastructure portfolio, but placing it exactly where grid flexibility is needed most. Moreover, repurposing a brownfield site formerly designed to develop a coal-fired power plant stands as a clear symbol of Luxcara’s continued commitment to driving the energy transition,”Alexander Lüntzel, Luxcara Investment Manager.