MicroGrid Networks Secures Palisade Investment for Battery Storage in New York City
MicroGrid Networks (MGN) has finalized a strategic investment from Palisade Infrastructure, in partnership with SER Capital Partners, to enhance battery energy storage systems in New York City. This investment will support MGN's ongoing projects, which currently include over 250 MWh of construction, and aid in accelerating growth in the region. Palisade will invest in both operational and construction assets while SER retains majority ownership. MGN aims to leverage this partnership to improve energy reliability in NYC and explore additional acquisition opportunities.
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MicroGrid Networks (MGN) has closed a strategic investment from Palisade Infrastructure, alongside SER Capital Partners, to enhance battery energy storage systems in New York City. The investment will support MGN's existing projects, which comprise over 250 MWh of battery storage under construction, and facilitate further growth.
Palisade will invest in MGN's operational and construction-stage projects, while SER will maintain a majority ownership stake. MGN plans to utilize this capital to improve energy reliability in NYC and pursue complementary acquisitions. The company operates a comprehensive platform that spans project development and asset management.
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