Amergin Energy
Akula Energy Ventures invested in Amergin Energy (www.amerginenergy.com), a global company that develops integrated, grid-scale battery energy storage systems (“BESS”). Akula Energy Ventures sold its stake in two 20 MW (40 MW) battery storage portfolio that will provide Ancillary (Frequency Regulation) Services in the PJM territory to Viridity Energy Solutions, Inc in early 2018. Akula Energy Ventures was the key developer in the projects and will retain an economic interest in both projects