White Deer invests in Fortress Power
Private equity firm White Deer has invested in Fortress Power. Fortress is a designer and manufacturer of battery energy storage systems that capture and store solar and grid power for homeowners and businesses. White Deer was joined in his investment by MB Energy Partners, a growth-stage company and investor focused on the energy transition.
“As grid resilience and distributed generation become increasingly important to power grids around the world, we believe Fortress’ unique offering positions the company to make a significant contribution to these emerging trends while increasing adoption of renewable energy,” said Varun Babbili, Managing Director of White Deer. “This investment highlights one of White Deer’s core strategies of investing in companies that facilitate the energy transition or enable the decarbonization of traditional energy industries. We look forward to working with Fortress’ talented leadership team to build on the company’s success to date.”
John Bishop, Managing Partner of MB Energy Partners, added: “Fortress’s outstanding leadership team, market-driven approach to technology development and differentiated product offerings and service quality stand out in the rapidly evolving energy storage industry.”
Fortress produces large capacity battery energy storage systems. The company uses LFP battery cells to ensure product safety and longer life. Fortress is committed to supporting its installer and distributor partners through both product design and technical support tools, ensuring seamless customer outcomes and cost-efficient installations.
“Fortress is committed to providing superior battery energy storage solutions to residential, commercial and industrial customers. Our systems are designed to be more secure and easy to use for both end customers and our installation partners,” said Jing Yu, founder and CEO of Fortress. “By partnering with White Deer and MB Energy Partners, Fortress is positioned to further accelerate its growth, starting with several new products that we are excited to announce in 2022. This partnership will also enable the company to penetrate new markets and our very talented team.”
News item from Fortress