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New Energy

Macquarie Starts $2 Billion Global Battery Business in Electrification Race


Macquarie Group Ltd. has launched a battery storage business to take advantage of opportunities in electrification and grid investment around the world.

Eku Energy, created by the infrastructure giant’s Green Investment Group, has a three gigawatt-hour pipeline of capital expenditure worth $2 billion, and is set to complete its first project in Japan in the next few months.