Enfinity Sells 49% Stakes in 380MW US, Italy Energy Storage

Enfinity Global has sold a 49% minority stake in two large-scale battery energy storage system (BESS) projects, totaling 380 MW, to Daiwa Energy & Infrastructure, the alternative asset management arm of Daiwa Securities Group. The projects include a 250 MW/500 MWh, two-hour duration BESS located in the Houston zone of Texas' ERCOT grid and a 130 MW/520 MWh, four-hour duration BESS in Italy's Veneto region, both expected to be operational by 2027. Enfinity retains a 51% controlling interest and will lead the development, construction, and long-term management of both projects. This partnership aims to enhance grid resilience and support increasing electricity demands driven by data centers, AI, and industrial electrification in both the US and Europe. The collaboration represents a strategic expansion for Daiwa in the global clean energy market and aligns with Enfinity's strategy to attract long-term capital partners while maintaining operational control. Executives from both companies highlighted the deal as a win-win that strengthens grid capabilities and accelerates the deployment of reliable, competitive clean energy across continents.