8 February 2024
In early 2023, PowerField, parent company of PowerGo, announced it had raised approximately €500 million in equity and portfolio financing. This financing from EIG and LBBW enables PowerField and PowerGo to achieve our sustainability ambitions on a large scale.
EIG, a leading institutional investor in the global energy and infrastructure sector, selected PowerField and PowerGo as a showcase for their international conference in Washington. For this purpose, EIG produced a video about PowerField and PowerGo. The video highlights, among other things, how we create a Virtual Power Plant that combines solar energy with storage in batteries and charging facilities for electric vehicles.
Walid Mouawad, Managing Director and Head of European Power & Renewables at EIG, previously commented on the financing: ‘PowerField is a leading force in the energy transition, and our collaboration will contribute to realizing the Dutch plans to combat climate change through a unique combination of CO2-neutral electricity, storage, and charging infrastructure for EVs. We are delighted to be able to assist in unlocking the company’s growth potential and taking necessary steps towards a future with clean energy.
We are very proud and grateful to have found a partner in EIG who supports our ambitions and helps us realize the energy transition.
Watch the video:
This video may be considered an endorsement of EIG by PowerField, a portfolio company of EIG. PowerField is not an advisory client of EIG. Endorsements are based on unique experience of party and is not representative of all non-client experiences. Endorsement is provided on an unsolicited basis, and neither EIG Management Company nor its affiliates directly or indirectly provided cash or non-cash compensation for endorsement provided herein. Endorsement is not provided by current client, however endorsement may represent a potential conflict of interest as employees of either EIG and promoting entity may indirectly benefit from endorsement.