An investor consortium led a $130m investment in Peregrine Energy Solutions.

An investor consortium, including the Ministry of Environment of South Korea, IMM Investment, Woori Private Equity Asset Management and AB CarVal, led a $130m investment in Peregrine Energy Solutions, a developer and operator of utility-scale battery storage. "We are incredibly grateful for the support of our investors, who share our vision for a stronger and more reliable energy future. This new capital will be instrumental in allowing us to scale our efforts, bring more projects online, and strengthen grid stability to meet growing US power needs," Hagen Lee, Peregrine CEO.