Lion Storage's 'Mufasa' project in the Netherlands has reached financial close with backing from Macquarie Capital and others. The initiative, set to be fully operational by 2027, aims to establish the largest utility-scale battery storage project in the region. With over €350 million in non-recourse financing, Mufasa symbolizes a shift in energy storage viability, using Tesla's Megapack 2 XL to support renewable energy delivery and replace reliance on a coal-fired power plant.
"Battery storage is critical to maximising the role of renewables in the energy transition by enabling the delivery of dispatchable clean energy."
"Project Mufasa is a game-changer for battery storage in the Netherlands. It proves that energy storage is not just viable - it's investable."
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