Enfinity Global sells minority stakes in two BESS projects
Enfinity Global has divested 49% of its interest in two significant battery energy storage system (BESS) projects, with a combined capacity of 380MW, to Daiwa Energy & Infrastructure.
The projects, located in the US and Italy, will enhance grid resilience and meet increasing power demands.
The US-based project is situated in the Houston zone of the Electric Reliability Council of Texas area and has a 250MW BESS with a two-hour duration and 500 megawatt hours (MWh) capacity.
Located in the Veneto region, the Italian project comprises a 130MW BESS with a four-hour duration and 520MWh capacity. Operations for both projects will commence by 2027.
Enfinity Global maintains a controlling stake of 51% and is tasked with overseeing the development, construction and long-term asset management of both projects.
Enfinity Global CEO Carlos Domenech stated: 'We are honoured to partner with Daiwa Energy & Infrastructure, one of Japan's leading financial institutions, to bring new investments to the USA and Italy.
'This is a win-win outcome and creates a demonstrable case study, strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors.'
The partnership with Daiwa will bolster infrastructure to support data centres, AI and industrial electrification in both regions.
Legal aspects of the transaction were managed by Winston & Strawn and DLA Piper for Enfinity Global, while Daiwa Energy & Infrastructure sought counsel from Orrick Herrington & Sutcliffe, Ensight Energy Consulting and Ernst & Young.
Enfinity's global head of capital and general manager for the Americas Ricardo Diaz stated: 'We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimise returns.'
In a related development, Enfinity Global secured a €100m ($112.2m) bond facility from Eiffel Investment Group to propel the deployment of energy storage and solar photovoltaic projects across Europe.
"Enfinity Global sells minority stakes in two BESS projects" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
New York City-based frozen yogurt shop opens store in Point Hope community
CHARLESTON, S.C. (WCBD)—A New York City-based frozen yogurt shop known for its trendy and fun flavors, such as Dubai Chocolate, Black Matcha, and Mango Lassi, has opened in the Point Hope Community. 16-Handles brought its signature swirls to the Lowcountry with an opening celebration on Saturday, May 31, at 654 Hopewell Drive, Suite 105. The storefront is open Sunday through Thursday from 12 to 9 p.m. and Friday through Saturday from 11 a.m. to 10 p.m., offering 16 regular soft-serve flavors and rotating limited edition flavors like French Fry. Customers can also choose from vegan, dairy-free, egg-free, nonfat, and no added sugar flavors. 'Charleston is an incredible fit for 16 Handles – the city's vibrant food scene and community spirit align perfectly with what 16 Handles is all about,' said Neil Hershman, Owner and CEO of the NYC-based frozen yogurt brand. 'Our local owners and team members are excited to become the community's destination for dessert and share samples of all of our artisan, better-for-you treats. Life is worth celebrating, and we hope everyone in town will visit the new shop and celebrate everyday moments over a pink or blue cup of happiness,' Hershman added. The fro-yo spot offers a points program where members can earn rewards and exclusive discounts. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 hours ago
- Yahoo
Lodi's budget up 8.35% on rising costs
Jun. 7—The Lodi City Council approved the 2025-26 budget on Wednesday, and staff said the $291 million spending plan reflects an 8.35% increase over last year. The increase was primarily driven by rising staff costs, supplies and materials, staff said. Despite a slowing economy, general fund revenues are expected to see a modest 4.1% increase. "Our budget and finance team has done a great job managing our resources," Mayor Cameron Bregman said. "Because of smart planning and solid reserves, we're in a good spot to handle an uncertain economy without cutting essential services. We'll keep focusing on what matters most — supporting public safety, growing our local economy, and taking care of our proud community." The projected increase in revenues comes from recently approved Parks, Recreation and Cultural Services facility rental rate hikes, as well as an anticipated $560,000 in annual rental income from a new power plant on the south west side of Lodi Lake and $1.7 million of interest income. Reserves will continue to support park improvements, information technology upgrades and vehicle and equipment replacements, staff said. The budget also includes investments in capital infrastructure, deferred maintenance and addressing the city's underfunded pension liabilities. For example, $16.9 million has been allocated to infrastructure projects that include water main rehabilitation, signal improvements at the Ham Lane and Turner Road intersection, security cameras at city parks, the Ham Lane widening project, and transit facility repairs and upgrades. "Operating within a constrained fiscal environment, particularly within the general fund, required deliberate reflection and thoughtful choices to ensure a balanced and responsive plan to sustain our core services," Acting City Manager James Lindsay said. "To align our resources with current market conditions, we implemented a series of mitigations totaling $7.4 million to balance revenue assumptions and expenses." In addition, the budget includes allocating $2.23 million from existing reserves to cover worker's compensation, general liability, and property liability coverage; cutting a proposed $154,000 increase in the Lodi Police Department's part-time budget for pay raises to retired annuitants; reducing department budget requests by about $952,000; and eliminating a proposed $2 million budget for a new facility internal service fund. The 2025-26 draft budget is available online at and the adopted budget book will be available in the coming weeks after approved updates have been completed.
Business Upturn
2 hours ago
- Business Upturn
Brain Song Announces Official Website Update Featuring Natural Daily Supplement for Focus and Cognitive Support
Wilmington, June 07, 2025 (GLOBE NEWSWIRE) — Brain Song, a digital wellness experience by Binaural Technologies, has updated its official website to showcase a breakthrough audio supplement designed to support clarity, focus, and memory in adults. Now available in the U.S., the newly enhanced platform introduces a 7-minute memory soundwave, offering individuals a natural, non-invasive method to optimize mental performance. According to the official product website ( The Brain Song is a daily-use audio program created to work in sync with the body's neural rhythms—helping listeners reduce mental clutter, improve presence, and feel more cognitively aligned. The new soundwave is positioned as a standalone digital ritual that can be accessed via mobile or desktop, without the need for pills, powders, or physical supplements. 'Our goal is to help people clear their minds and reconnect with focus—without ingesting anything,' said a spokesperson for Binaural Technologies. 'This audio experience reflects our vision for accessible, technology-driven wellness that's rooted in neuroscience and simplicity.' Binaural Technologies affirms that The Brain Song is engineered using advanced sound design principles, including entrainment techniques aligned with memory and concentration patterns. The platform aims to support common wellness goals like cognitive sharpness, calm attention, and improved daily rhythm. As noted on the product website, The Brain Song is backed by a satisfaction guarantee for new users. Full access instructions, FAQs, and purchasing details are now available on the updated site. About Brain Song The Brain Song is a digital wellness innovation from Binaural Technologies, a Delaware-based brand specializing in audio solutions for mental clarity and focus. Designed to support natural brainwave alignment and mindfulness, The Brain Song offers a simple, effective tool for adults seeking cognitive support through sound. Product and Contact Information Brand: Binaural Technologies – The Brain Song Website: Email: [email protected] Mailing Address: 2810 North Church Street, Wilmington, DE 19802, USA Disclaimer This release is for informational purposes only and does not constitute medical advice, diagnosis, or treatment. The statements made about this product have not been evaluated by the Food and Drug Administration. Individual results may vary. Consumers should consult a qualified healthcare provider before beginning any new health regimen. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
