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Utility sells battery assets stake to boost investment

Thu, 04/25/2019 - 14:58 -- John Shepherd
Utility sells battery assets stake to boost investment

US-based power company Duke Energy is selling a minority stake in its renewables business including battery storage assets to infrastructure investment firm John Hancock.

Duke said the sale would help fund “future growth capital plans”— and as a continuing majority owner, Duke committed to expanding its commercial renewable energy business.

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