The exponential growth in energy storage system deployments over the last several years has fostered an increase in capital and investments from a variety of sources. Learn what financial vehicles are driving energy storage investment, as well as the current trends in sources of capital for energy storage expansion at the project and enterprise level.
Breakout Session: Financing Spectacular Storage Growth
Deanne Barrow is a renewable energy and infrastructure lawyer with Norton Rose Fulbright.
Her practice focuses on development, financing and M&A transactions for solar, wind, energy storage, hydrogen, EV charging infrastructure and emerging technologies. Drawing on her background as a chemical engineer, Deanne has developed a sub-specialty in battery storage. She has worked on a multitude of battery storage transactions across M&A, equity investments, debt and tax equity financing, and diligence support.
Deanne is the US editor of Norton Rose’s storage newsletter, the Energy Storage Updater, is the author of over 17 articles and book chapters on storage, and is a frequent speaker at public and private industry events.
She earned her law degree from Cambridge University and a B.S. in chemical engineering from Georgia Tech.
CleanCapital is an industry-leading clean energy investment platform focused on distributed solar and energy storage assets.
Prior to founding CleanCapital, Thomas served as Partner and General Counsel at True Green Capital, a private equity firm focused on distributed solar investments. He led the financing of landmark clean energy projects including NRG’s California Valley Solar Ranch, Caithness’ Shephards Flat Wind Project, and Terra Gen’s Alta Wind Energy Center. Thomas is a graduate of the University of California, Berkeley and the UCLA School of Law.
Michael Ott, Director, is an investment professional in the Renewable Power Group at BlackRock, which currently manages over $9 billion for investment in global climate infrastructure across 6 funds and 250 renewable power projects. He is responsible for sourcing and structuring new climate infrastructure investments, managing due diligence, negotiating deal documentation, portfolio management of existing investments and divestiture strategy and execution in the Americas and APAC region.
Michael currently serves on the board of Distributed Solar Development (DSD) in the U.S. which was a carve out of General Electric’s distributed energy business (GE Solar) in 2019. BlackRock subsequently purchased a full interest in the business in 2020.
Prior to joining BlackRock, Michael was a member of both the M&A and project financing teams at EDF Renewable Energy, a wholly-owned subsidiary of Electricite de France S.A. At EDF, Mr. Ott was responsible for managing M&A for utility scale wind and solar power asset divestitures to institutional and industrial partners for one the largest North American renewable power developers.
Mr. Ott earned an AB degree from Princeton University, a Masters of Business Administration from University of Michigan's Ross School of Business and a Masters of Science in Sustainable Energy Systems from University of Michigan’s School for Environment and Sustainability.
Yayoi Sekine leads the Americas coverage for Energy Storage practice at BloombergNEF (BNEF) based out of New York. Her research focuses on U.S. energy storage markets, providing insight on technology, markets, policies and regulation, and the competitive landscape. She advises utilities, technology companies, investors and policymakers across these fields. She has authored numerous research papers and regularly speaks at international conferences and in the mainstream media. She was previously Research Analyst based in Sao Paulo having spent four years covering Latin American renewable energy market development through BNEF. Yayoi holds a BSc in Global Resource Systems with focus on Latin America from the University of British Columbia (Canada).