Mirai Power has received an undisclosed investment from Foresight Energy Infrastructure Partners II. The Munich-based startup develops battery storage systems in Germany. The company plans to use the capital to further expand its project pipeline and accelerate its growth.
Mirai Power plans, builds and operates large Battery storage in Germany. The company, founded in 2024, claims to already have projects with a total capacity of 12.5 gigawatts in its pipeline. Its focus is on storage systems directly connected to the main power grid. The startup is also pursuing individual projects in the regional power grid. According to Foresight, this was a key reason for investing.
The founding team remains in leadership.
The founding team of Mirai Power will continue to lead the company. With Foresight's investment, Mirai Power aims not only to expand its platform in Germany but also to later extend it to other international markets. How quickly this expansion will take place and which countries will be the focus remains unclear.
Richard Thompson, Partner at Foresight and Co-Manager of Foresight Energy Infrastructure Partners II, says:
“Battery storage is a crucial factor for the energy transition, offering the flexibility and reliability essential for decarbonizing power grids. Mirai has built an impressive platform in a highly competitive market, combining technical expertise with a strong pipeline of high-quality projects.”
Thompson also places the investment within the context of the fund's strategy. According to him, Foresight Energy Infrastructure Partners II aims to build a pan-European provider of flexibility solutions. For Mirai Power, the investment, according to the investor, means access to capital for the further expansion of its platform.
Expansion in Germany
Mirai Power also has clear expectations for its entry into the market. Marco Frascati, Managing Director and co-founder of Mirai Power, describes the investment as an important step for the further growth of the company:
“Foresight’s investment represents an important milestone for Mirai’s growth. It enables us to advance the project pipeline developed in Germany and continue our rapid expansion.”
According to Frascati, the market for battery storage is growing worldwide, while consolidation is already becoming apparent in some countries. For Mirai Power The partnership with Foresight is therefore an important step in implementing its own strategy. The startup aims to further develop, implement, and operate its projects. At the same time, the company is looking at other markets with medium- and long-term potential for flexibility services and is examining new business models and technologies.
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