Neo Energy Group, a wind farms and solar farms developer, and V-ridium Power Group are buying the National Energy Storage System (KSME). Thanks to the transaction, NEO and VPG will take over, among others 15 locations for the construction of energy storage facilities with a total estimated capacity of 5.56 GW. KSME was our portfolio company, and as the result of the sale of shares, we recorded a multiple return on investment.
KSME is a CleanTech startup dealing with energy management systems and energy storage. Due to the ongoing energy transformation and the dissemination of renewable energy sources, such solutions are becoming more and more important: energy systems must change and be ready to store energy on a large scale. As predicted by the Mordorintelligence agency, the energy storage market will grow at a CAGR rate of approximately 24.38% in 2020-2025.
KSME was established in 2018 and was growing in our investment portfolio since then.
– For several years we have been systematically investing in the CleanTech area, as we are aware of the great demand for new technologies in energy systems – says Łukasz Mańkowski, Managing Partner at ALigo VC. – Polish companies are able to develop great solutions in this area with great market potential and a real, positive impact on energy security at the level of the entire country.