HMC Capital acquires majority stake in Stor-Energy for $50 million

Concept of energy storage unit consisting of multiple conected containers with batteries. 3d rednering.

Australian asset manager HMC Capital announced a $50 million deal to acquire a majority stake in Sydney-based battery project developer Stor-Energy over three years.

This marks the first investment by HMC Capital’s Energy Transition platform, which aims to build a robust 15GW development portfolio spanning the entire energy value chain.

HMC Capital acquires majority stake in Stor-Energy for $50 million

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