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M&G : backs thermal battery technology company driving industrial decarbonisation

decarbonisation batteries Infracapital, the infrastructure team at M&G plc, has today committed to invest £110 million in EnergyNest. The investment will accelerate EnergyNest s international growth plans by enabling its customers in the power sector and other energy-intensive industries to reduce carbon emissions and costs. Decarbonisation is a growing market that is estimated to be worth more than €300 billion. The company provides innovative ThermalBattery™ energy storage solutions to industrial customers, enabling the transfer of industrial waste heat into electricity and the use of renewable power in industrial heat processes. The investment is made by a greenfield strategy managed by Infracapital, which seeks to build, deliver and operate essential and sustainable infrastructure across Europe. It aims to meet the growing need for clean, new-build infrastructure to meet CO2 emission targets, whilst satisfying the changing needs

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