EIT InnoEnergy invests in Mine Storage - Setterwalls
Summary
Mine Storage has secured a cash equity investment from EIT InnoEnergy. The Sweden-based company develops and operates underground mine-based energy storage systems for fast-response and medium-to-large grid balancing. The investment also includes added-value services to support Mine Storage’s business, market, and operational development. The transaction strengthens Mine Storage’s ability to scale its energy storage offering.
Funding
Amount
None
Total raised
Date
April 29, 2022
Announcement date
Investors
EASME - EU Executive Agency for SMEs, TBB by InnoEnergy
Lead investors
Company
-
Funded company
Classifications
industries
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applications
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