Foresight's £1.64B Fund Backs Mirai Power's European Battery Storage Expansion
Foresight Energy Infrastructure Partners II (FEIP II) has invested in Mirai Power, a German battery storage specialist. The deal supports the company's rapid growth in a market that has expanded to 18.2 GWh by 2025. Battery storage plays a key role in Europe's shift to cleaner energy by improving grid flexibility.
FEIP II, launched in 2025, has raised £1.64 billion for such investments. The fund's backing will help Mirai Power push into new markets beyond Germany, though specific targets remain undisclosed. Mirai Power was founded in 2023 and remains under its original leadership. The company has already built a 12.5GW project pipeline in Germany, focusing on large transmission-linked sites and select distribution-level schemes. Its work aligns with Germany's booming battery storage sector, which analysts predict will double in value to over $21 billion by the early 2030s.
The investment fits FEIP II's broader goal of creating a pan-European flexibility provider. Battery storage systems stabilise grids as renewable energy replaces fossil fuels. Foresight's funding will accelerate Mirai Power's international plans, though no destinations have yet been confirmed.
Germany's storage market has grown sharply, with stationary batteries now totaling 18.2 GWh. This growth reflects wider demand for solutions that balance supply and demand in decarbonised power systems. Mirai Power's expansion comes as the sector prepares for further rapid scaling in the years ahead. The deal strengthens Mirai Power's position in Germany while opening doors to new markets. FEIP II's £1.64 billion fund will support the company's next phase of development. With battery storage demand rising, the partnership aims to boost grid resilience across Europe.
