FIC Acquires U.S.-Based Battery and Solar Platform Operator Perfect Power
FIC Partners Management has acquired Perfect Power, a US-based company that owns and operates the Jaguar Energy Center in Texas. The center is a grid-connected platform combining battery energy storage with solar capacity, aiming to reach up to 1.15GW of total capacity across approximately 4,500 acres. It supplies electricity within the Electric Reliability Council of Texas (ERCOT) grid, serving a rapidly developing region. Perfect Power was founded in 2021 and is led by an experienced team with expertise in renewable energy projects. The company plans to continue expanding the Jaguar Energy Center post-acquisition while pursuing new opportunities driven by rising electricity demand across the US. FIC co-managing partner Cay Freihofer emphasized that Perfect Power aligns well with FIC’s strategy of acquiring infrastructure assets with strong growth potential. FIC is a mid-market investment firm focused on critical energy and power infrastructure, including renewables and utilities. The acquisition supports its goal to scale best-in-class platforms in attractive markets.
Topics: battery storage infrastructure investment renewable energy