Ubs energy storage Nigeria

Who advised UBS Asset Management on the ERCOT transaction?

UBS Asset Management was advised on the transaction by Troutman Pepper, Clean Energy Counsel, and Euclid Power. BMES has now sold 1,200MW of energy storage projects for delivery in ERCOT in 2024 in the last two months, with a total energy capacity of at least 1,700MWh, assuming that UBS’ acquired projects have a discharge of at least one hour.

How many employees does UBS Group AG have?

UBS Group AG employs over 68,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). Asset Management is a large-scale asset manager with a presence in 23 markets.

Who is UBS for?

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank.

Does Nigeria need a large-scale battery storage system?

However, the use case for large-scale battery storage is glaringly obvious in Nigeria. From food preservation to local clinics, and rural electrification and small businesses, power storage systems should factor significantly in government’s policy plans.

Where is UBS located?

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs over 68,000 people around the world.

Is Nigeria staking a claim on the energy sector investment frontier?

Systems that capture energy and store it for later use, either to supply power to an off-grid application or to complement a peak demand, are the emerging energy sector investment frontier, but Nigeria is staking a claim.