NRStor C&I secures more financing from Fengate-LiUNA
Fengate Asset Management, on behalf of Labourers’ Pension Fund of Central and Eastern Canada (LiUNA), has provided follow-on financing to NRStor C&I, a Toronto-based developer of behind-the-meter energy storage solutions. Terms weren't disclosed for the deal, which saw Fengate and Lake Bridge Capital also invest. NRStor C&I, an affiliate of NRStor Inc, serves energy consumers in the commercial and industrial segments. It will use the proceeds to strengthen its presence in the Canadian market. Two years ago, LiUNA agreed to supply NRStor with $11 million in financing as well as access to $200 million in additional capital. Fengate is managing the investment.
21 January 2019•3 mins read
