Burges Salmon has advised long-standing client Gravis on a £20 million financing for Eelpower, a pioneering company that has been at the forefront of the development of energy storage in the UK.

This transaction builds on Burges Salmon's market-leading experience in advising on the innovative debt structures required for funding energy storage projects and their complex revenue streams.

The Burges Salmon team, which was led by Project Finance partner Nathan Curtis with assistance from Victoria Allsopp, Daniel Ballard and Ffion Archer, advised on all legal aspects of the transaction.

Nathan Curtis says: "Energy storage is an exciting, fast-growing sector and we are delighted to be instructed by Gravis on this transaction, which is significant for both Gravis and the sector more generally. We look forward to working with Gravis in developing their portfolio and are proud to be playing a part in their continuing success. We also enjoyed working with the Eelpower team and their partners to deliver this innovative transaction.”