Undisclosed · Climate tech
Actuate Energy launches with equity commitment from NGP-managed fund
The newly formed platform will acquire and operate European battery-storage projects; the commitment size was not disclosed.
Backing a new storage investment platform
Actuate Energy announced its formation alongside an equity commitment from a fund managed by NGP Energy Capital Management and its own management team. The announcement did not disclose a monetary amount.
Founder and CEO Ben Skinner will lead the platform after working on European storage portfolios. The commitment backs a strategy of acquiring ready-to-build projects and developing them into operating assets as renewable generation increases demand for flexible capacity.
Funding history
Undisclosed · This roundUndisclosed