With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage
Enel secures Nestlé funding for US solar-storage
Nestlé has agreed a deal with Enel North America that will see the food and drink company become the sole tax equity investor in Enel's 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas.
The project is expected to become operational in Q2 2023.
Marathon Capital advised Nestlé on its investment. CCA Capital LLC acted as advisor to Enel.