Article

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.