Slaughter and May advised CCI on its subsidiary's majority equity stake in L48 Energy, a company that originates, builds, owns and operates large-scale energy storage systems. Based in the UK, L48 Energy is an independent pure-play battery energy storage “originator to operator” and aims to develop, build and own grid-scale batteries at crucial locations in the UK, with possible expansion into other European markets.
CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure assets. This investment marks CCI’s latest move into a crucial market, expanding its presence in large-scale energy storage systems.
The transaction is reflective of Slaughter and May’s ability to advise on the full range of the project life cycle, from formation and structuring, through construction to energisation.
