On November 17, 2017, the SUSI Energy Storage Fund (SESF) signed a CAD$120 million financing facility with Canadian energy storage solutions provider NRStor C&I L.P.

The deal opens the door to investment projects featuring top-tier lithium-ion energy storage technology that will provide behind-the-meter services to commercial and industrial customers, lessening fossil fuel dependence through the use of cleaner, emission-free renewable energy.

SESF is the world’s first dedicated energy storage fund. It is managed by SUSI Partners AG (SUSI), a Swiss investment manager that supports institutional investors with investments in solar and wind farms, energy efficiency retrofits of existing infrastructure, and energy storage.

DLA Piper (Canada) LLP acted for SUSI with a team led by Andrew Lord and Ian Bendell and included Sarah Bode.

At the forefront of the renewable energy infrastructure market, DLA Piper Canada advises developers, investors, financiers, land owners, contractors, suppliers, and facility operators on transactions across the spectrum of renewable energy technologies, enabling them to achieve their business objectives within the regulatory framework of any energy sector.