"Frontier Power Secures £44 Million Investment in Strategic Joint Venture with Cerberus to Advance UK Energy Storage Projects"

"Frontier Power Ltd. has entered a strategic joint venture with Cerberus Capital Management to accelerate the development of long-duration energy storage (LDES) projects in the UK under Ofgem's Cap and Floor regime. The partnership includes an initial £44 million investment, with a broader commitment of up to £159 million, aiming to deliver at least 16 projects with over 20 GWh of storage capacity. This collaboration seeks to enhance grid stability, energy security, and reliability of the UK's power system. Legal advice for the transaction was provided by Gowling WLG's Energy Transition team."

Gowling WLG advised Frontier Power Ltd. (Frontier) on its strategic joint venture with an affiliate of Cerberus Capital Management, L.P. (Cerberus). The transaction involved a landmark partnership aimed at accelerating the development of Frontier’s portfolio of long-duration energy storage (LDES) projects under the UK’s Cap and Floor regime managed by Ofgem. As part of the joint venture, Frontier secured an initial £44 million investment from Cerberus, with a broader commitment of up to £159 million to advance LDES projects across the UK. The partnership aims to deliver at least 16 Cap and Floor–eligible projects, representing over 20 GWh of storage capacity, to enhance grid stability, reinforce energy security, and support the reliability of the UK’s power system. The Gowling WLG team was led by Corporate Energy Transition Principal Associate Chelsie Taylor and Partner and Global Co-lead of ENNRI, Gareth Baker. They were supported by Consultant Chris Brierley (Banking & Finance), Partners Gus Wood (Energy Regulatory), Jonathan Brufal (Energy Projects), Will Glover (Corporate Energy Transition), and Lee Nuttall (Tax), Principal Associate Orest Matviichuk (Banking & Finance), Senior Associates George Nixon (Energy Regulatory) and Michael Tushingham (Tax), Associates Alicia Dominique, Grace Kemp, and Charles Couvreur (Energy Projects), Christy Morgan (Corporate Energy Transition), and Trainee Solicitor Hope Abraham Makenga (Banking & Finance).

"Frontier Power Secures £44 Million Investment in Strategic Joint Venture with Cerberus to Advance UK Energy Storage Projects"

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