Real Assets
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Foresight Group (“Foresight”), a leading investment manager in real assets and capital for growth, has announced that Foresight Energy Infrastructure Partners II SCSp (“FEIP II”) has completed an investment in Mirai Power GmbH (“Mirai” or “the Company”), a fast-growing German battery energy storage systems (“BESS”) developer.
Founded in 2024, Mirai is focused on developing, constructing and operating large-scale battery storage assets across Germany. Since inception, the Company has scaled rapidly, originating 12.5GW of pipeline projects. Mirai primarily pursues transmission-connected assets, alongside a selective approach to distribution-level projects, positioning the business to capture long-term value in one of Europe’s most attractive BESS markets.
Mirai’s founding team will continue to lead the Company. With Foresight’s backing, Mirai will look to expand its platform beyond Germany into other key international markets.
Richard Thompson, Partner at Foresight and Co-Manager of FEIP II, comments:
“Battery energy storage is a critical enabler of the energy transition, providing the flexibility and resilience required as power systems decarbonise. Mirai has built an impressive platform in a highly competitive market, combining technical expertise with a strong pipeline of high-quality projects. We are pleased to partner with the team and support the next phase of growth as the business scales across Germany and beyond.
Mirai’s planned expansion reinforces FEIP II’s ambition to establish a pan‑European Independent Flexibility Provider and aligns closely with the Fund’s strategy of investing in high-growth, early-stage platforms led by experienced management teams.”
Marco Frascati, Managing Director and Co-Founder of MIRAI Power, comments:
“The investment from Foresight marks an important milestone in Mirai’s growth. It enables us to move forward with the project pipeline we have developed in Germany and to continue our rapid expansion.
At a time when BESS is booming globally and some markets are beginning to consolidate, this partnership strengthens our ability to execute our strategy of developing, implementing, and operating our projects. We will continue to focus on markets with strong medium- and long-term fundamentals for flexibility services, while also actively exploring innovative business models and emerging technologies.”
