Home Consortium Ltd (AU:HMC) has released an update.
HMC Capital has announced a significant seed investment into Stor-Energy, a company specializing in utility-scale battery energy storage systems, marking the first move for HMC’s Energy Transition platform with plans to raise up to $2bn. The investment aims to support the development of Stor-Energy’s 1.4GW portfolio, indicative of HMC’s commitment to become a leader in Australia’s decarbonisation efforts. This strategic partnership exemplifies HMC’s growth strategy and operational expertise in managing over $12.5bn in assets across various sectors.
For further insights into AU:HMC stock, check out TipRanks’ Stock Analysis page.
