In his heyday at Glencore, Beard's team was trading as much as 7% of the world's oil. Adaptogen Capital's fund raising drive comes at a time when the United Kingdom's energy industry is facing one of its worst crises for decades. "Batteries provide you with stability when the grid becomes unstable and are key enabling assets in the energy transition." An additional 15 GW of capacity is under construction or being planned, much of it by companies also investing in renewable power assets. "Batteries can also be viewed as a volatility trading box for the green energy industry and a crucial asset to add to wind and solar generation," he said.

Source: bd News24 September 30, 2021 04:52 UTC