Swiss investment firm, SUSI Energy Storage Fund, managed by SUSI Partners AG, has signed an exclusive $95 million financing line with Toronto-headquartered NRStor C&I. The financing will facilitate rolling out behind-the-meter (BTM) energy storage solutions at commercial, industrial, and institutional customers’ sites in Canada.
Annette Verschuren, Chair and CEO at NRStor Inc., said, “This facility is a major milestone in the development and expansion of the Canadian energy storage market. The facility allows NRStor C&I to accelerate its deployment of BTM commercial, industrial, and institutional energy storage solutions. Incorporating long term flexible and sustainable solutions is our mission and we are delighted to be working with SUSI Partners in growing this sector.”
The SUSI Energy Storage Infrastructure Fund finances storage projects in the areas of spectrum regulation, load management and off-grid solutions with a focus on the OECD area.
Asif Rafique, Managing Director of Energy Storage at SUSI Partners, states: “Our agreement with NRStor C&I represents another important step for the SESF and the wider energy storage market. We are delighted to complete this deal with NRStor’s market-leading team and are looking forward to realizing further investments in the near term.”
Otto von Troschke, CIO and co-founder of SUSI Partners, pointed out his company “has a solid track record of energy efficiency projects with commercial and industrial customers and is now pleased to tap into this customer segment in the energy storage sector as well. "