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Demeter Partners – Acquisition of EV storage in France

 

Demeter Partners-managed Fonds de Modernisation Ecologique des Transports has closed its sixth deal as part of a strategy to deploy capital for projects focused on ecological modernisation of transportation infrastructures, a project aimed at building a stationary electricity storage system using electric vehicle batteries, which will have a final installed capacity of circa 45MW. Financial details of the transaction have not been disclosed