Private equity firm NGP Energy Capital Management has committed $200m to back US energy storage developer Liminal Energy, as rising power demand from data centres and artificial intelligence strains electricity grids, according to a report by Bloomberg.
Liminal Energy, founded late last year by former UBS Asset Management executives Ken-Ichi Hino and Mark Saunders, plans to use the capital to develop utility-scale battery storage projects across the US. The company will pursue a range of project...
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