The Abu Dhabi sovereign investor Mubadala Investment Company has announced a strategic investment in battery energy storage and EV fleet solutions provider Zenobē.
Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland, following a £235 million long-term debt facility secured from five banks.
Zenobē secures £235 million to develop two battery energy storage projects in Scotland. The agreement also includes a £400 million accordion facility that will be used to debt finance expansions as well as future projects.