<article><a style="color: #000080;" href="http://dealstreetasia.com/tag/adb" target="_blank">ADB</a>-backed private equity firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/asia-climate-partners" target="_blank">Asia Climate Partners</a> has invested $20 million in intelligent energy storage solutions firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/fluidic-energy" target="_blank">Fluidic Energy</a>.</article>

<a style="color: #000080;" href="http://dealstreetasia.com/tag/adb" target="_blank">ADB</a>-backed private equity firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/asia-climate-partners" target="_blank">Asia Climate Partners</a> has invested $20 million in intelligent energy storage solutions firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/fluidic-energy" target="_blank">Fluidic Energy</a>.
Arizona-based Fluidic Energy also has a strong presence in Asia, including a regional headquarters and manufacturing facilities. Fluidic has been manufacturing its energy storage systems in Indonesia since 2011 and supplying its systems to both telecom and rural electrification applications.
“Energy storage is a key enabler of widespread decentralized renewable energy generation and we see enormous potential in our core countries like India, Indonesia and the Philippines, that have high penetration of diesel generation and low electrification rates,&#8221; said Duarte Da Silva, Managing Director, Asia Climate Partners .
&#8220;We are excited about this investment for many reasons, including: commercial traction of Fluidic’s product and its proven ability to deliver in diverse environments and harsh conditions; competitive position in its target markets; and the team’s commitment to high environmental standards and improving lives through its business offering,&#8221; he added.
This marks the second investment by Asia Climate Partners,  which is a joint venture between the Asian Development Bank, <a style="color: #000080;" href="http://dealstreetasia.com/tag/orix" target="_blank">ORIX</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/robeco" target="_blank">Robeco</a>. Earlier this year, the mid-market private equity fund had acquired a stake in Indian cold chain logistics company <a style="color: #000080;" href="http://dealstreetasia.com/tag/coldex" target="_blank">ColdEX Logistics Pvt Ltd</a> for an undisclosed amount.
Asia Climate Partners is dedicated to clean energy, resource efficiency and environment sectors in the Asia-Pacific region.
According to a company statement, through Fluidic Energy’s expansion of its low cost energy storage technology, ACP hopes to expand renewable energy access in Southeast Asia while limiting carbon intensive energy adoption and replacing environmentally damaging diesel gensets.
&#8220;We appreciate this partnership with ACP, including their regional expertise and the synergy that we can create with our combined vision of leveraging technology and investment to truly change lives in Asia and around the world,” Steve Scharnhorst, CEO of Fluidic Energy.
&#8220;Although we were founded in the U.S. and offer solutions for markets such as telecom, grid firming, and critical power, we immediately recognized the positive impact we could have in the Asia-Pacific region. We focused much of our commercialization strategy on Asia for the first several years simply because there was a problem that we knew we could help fix,” he added.
Fluidic recently deployed over 22MWh of energy storage to 96 PV and energy storage powered rural electrification projects across Indonesia, providing clean and reliable energy to over 110,000 people.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/31711-31711/" target="_blank">Asia Climate Partners to pick up stake in Indian cold chain logistics firm ColdEX; IEP exits</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/wip-asia-climate-partners-interview-35251/" target="_blank">Exclusive: Asia Climate Partners plans to raise $300m more, invest in Indian renewable energy firms</a>

ADB-backed private equity firm Asia Climate Partners has invested $20 million in intelligent energy storage solutions firm Fluidic Energy.

Asia Climate Partners invests $20m in US-based Fluidic Energy

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Asia Climate Partners invests $20m in US-based Fluidic Energy

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