Value £245,000,000

Matrix Renewables

VC Funding

Series A £100m+

Industrials & Energy Published 28 April 2026

Summary

Matrix Renewables has closed a £245m non-recourse project financing round to support the construction of a large-scale battery energy storage system (BESS) in the Borders.

Summary of transaction details:

Value: £245m
Sector: Industrials & Energy
Advisor: None
Key Entities: Matrix Renewables, CIBC, MUFG Bank, NatWest
Location: The Borders, UK

Note: The deal reflects the strong and growing demand for high-quality battery storage assets and reinforces the strength of Matrix Renewables' UK platform, contributing to the growth of the renewable energy sector.

Lead Investor / Acquirer

CIBC

Lead Investor / Acquirer

MUFG Bank

Lead Investor / Acquirer

NatWest

Advising Broker

Undisclosed Firm

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View Company Details

Financials, officers, full deal history

Original Source

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