Participated · Equity · Oct 2025

Peregrine Energy Solutions is an integrated energy platform focused on developing, owning, and operating large-scale battery storage systems that support grid stability across the United States. Founded in 2022 through a partnership between Peregrine Energy Management and a global alternative investment manager with approximately $20 billion in assets under management, the company concentrates on projects that enhance the resilience of the U.S. power grid. Its current portfolio includes two ERCOT battery storage projects scheduled to come online later this year and early next year. Peregrine’s growth strategy centers on expanding its development pipeline in key U.S. markets where rising electricity demand is stressing transmission infrastructure. The firm positions itself as a best-in-class platform, backed by a management team noted for strong execution and high-quality assets. The recent $130 million capital infusion strengthens its financial capacity to bring additional storage projects online and scale nationwide.