terralayr secures EUR 192 million to further grow its grid-scale battery storage portfolio
terralayr closed a financing round led by Eurazeo – through its Eurazeo Transition Infrastructure Fund – alongside RIVE Private Investment and other existing shareholders.
Headquartered in Zug, terralayr develops, owns and operates grid-scale battery energy storage systems, with the support of its LAYR platform, which virtualizes battery assets, and provides a route-to-market solution for both its own, and third-party assets.
This investment comes at an important time in the evolution of Germany’s power system, as accelerating renewable deployment, electrification, rising demand from data centres and industry, and a growing desire for energy independence all drive an increasing need for grid flexibility and stability. Battery storage is fast becoming a critical pillar in this evolution of the power sector, with the addressable market for grid-scale storage and flexibility expected to expand significantly over the coming years.
valfor advised terralayr in this transaction with a team consisting of Stefan Scherrer, Andreas Suter, Samuel Streuli and Toni Rea Tonsic (all M&A) as well as Stipe Jozic (notarial services).
An article by Stefan Scherrer, Andreas Suter, Samuel Streuli, Toni Rea Tonsic, Stipe Jozic