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Mirai Power Expands Across Europe with Foresight's Major Investment Backing

A bold leap into Europe's energy future. With Foresight's backing, Mirai Power is set to transform grid stability—starting with a 500 MW project in Italy.

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2 min read
The image shows a graph depicting the electricity generation from wind and solar in Germany. The...
The image shows a graph depicting the electricity generation from wind and solar in Germany. The graph is accompanied by text that provides further information about the data.

Mirai Power Expands Across Europe with Foresight's Major Investment Backing

Mirai Power, a German battery storage specialist, has secured investment from Foresight to fuel its expansion across Europe. The company, founded in 2021, now plans to grow beyond Germany into Italy, Spain, and the Netherlands. Backed by fresh funding, it aims to develop large-scale storage projects, including a major 500 MW collaboration with Enel in Italy.

Foresight's investment comes through its Foresight Energy Infrastructure Partners II (FEIP II) fund, which launched in 2025. The fund has already raised £1.64 billion in commitments, targeting long-term energy infrastructure growth. This backing will help Mirai Power push into new markets while keeping its original leadership team in place.

Mirai Power currently manages a 12.5 GW project pipeline in Germany, where the battery storage market hit 18.2 GWh in 2025. Analysts predict the sector will more than double in value, exceeding $21 billion by the early 2030s. The company specialises in transmission-connected storage but also works on select distribution-level projects. Expansion plans include a 500 MW partnership with Enel in Italy, set for announcement in early 2026. In Spain, a pilot project with Iberdrola will integrate 200 MW of storage capacity. The Netherlands is also on the list as Mirai Power seeks to become a key player in Europe's flexibility market. The move aligns with FEIP II's goal of building a pan-European Independent Flexibility Provider. By scaling up storage solutions, the fund aims to support grid stability and renewable energy integration across the continent.

With Foresight's financial support, Mirai Power will accelerate its growth into Italy, Spain, and the Netherlands. The company's existing 12.5 GW German pipeline and new international projects position it as a major player in Europe's energy transition. The investment also strengthens FEIP II's strategy to expand clean energy infrastructure across the region.

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