Gerard Dover

HMC ready to invest in first big battery project after landing major cash deal with investment giant KKR

KKR will invest up to $603 million in HMC Capital's energy transition arm, funding its first big battery, after HMC bought Neoen's Victorian assets and battery developer Stor-Energy.

Also RenewEconomy

HMC ready to invest in first big battery project after landing major cash deal with investment giant KKR

HMC Capital has landed KKR backing of up to $603 million for its new energy platform, unlocking its first grid battery and a multi-gigawatt project pipeline.

Also RenewEconomy·RenewEconomy·RenewEconomy

Gillard-chaired investor makes first big battery play as it seeks to build 15 GW energy platform

HMC Capital's Energy Transition platform, chaired by Julia Gillard, is investing about $50 million for a controlling stake in Sydney battery storage developer Stor-Energy, its first platform investment.