ENERGY STORAGE

Corre Energy appoints Rothschild & Co to advise on investments

April 18, 2024

Long-duration energy storage developer Corre Energy has appointed Rothschild & Co as financial adviser following “interest from multiple parties to invest in the company”.

A Corre statement said: “A process with these investors is ongoing to provide additional funding for capital expenditure for the various projects and working capital.”

It added: “There is no certainty that any investment will be made nor on the size and structure of such an investment.”

Corre currently has two compressed air energy storage schemes, located in the Netherlands and Denmark. Corre is also the consortium lead for the development of the Green Hydrogen Hub Denmark project (DK1).