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- Highview Power
Highview Power Valuation, Funding & Investors
Highview Power is valued at $330M as of February 2020.
Last Highview Power valuation
$330M
Strategic investment · Feb 2020
Last Highview Power funding round
$172M
Undisclosed stage · Nov 2025
Cumulative funding Highview Power raised
$599M
across 4 funding rounds
Key investors in Highview Power
Goldman Sachs
Centrica
KIRKBI
Mosaic Capital
SyndicateRoom
Scottish National Investment Bank
About Highview Power
Highview Power is a developer of Liquid Air Energy Storage systems for utility-scale and distributed power applications. The company designs customizable LAES facilities from 5MW/20MWh up to 100MW/1,000MWh capacities, utilizing liquid air as the storage medium to address demands in the multi-billion-dollar energy storage market.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$330M (Feb 2020)
Sectors
Highview Power Valuation
Highview Power is currently valued at $330M, based on its strategic investment round in February 2020.
The $46M round was led by Sumitomo Heavy Industries.
Highview Power's valuation has grown 9.9x from $33M at its pre-seed round in June 2014 to $330M in February 2020, across 2 priced rounds.
Highview Power valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2020 | Strategic investment | $330M |
| Jun 2014 | Pre-seed | $33M |
Highview Power Funding History
Highview Power has raised a total of $599M across 4 funding rounds.
Highview Power's first fundraising round was a $1M pre-seed round in June 2014. The most recent completed round was a $172M undisclosed-stage round in November 2025.
Highview Power funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Undisclosed stage | Scottish National Investment Bank; KIRKBI; Mosaic Capital; Goldman Sachs; Centrica | $172M | - | Highview Power is a leading energy infrastructure company that designs, builds, and operates grid-scale long-duration energy storage (LDES) assets using proprietary liquid air energy storage (LAES) technology, combined with lithium-ion batteries in hybrid setups, to provide dispatchable clean power, grid stability, and support for renewable energy integration. The company secured £130 million in a funding round around November 2025 from Scottish National Investment Bank (SNIB), Centrica, Goldman Sachs, KIRKBI, and Mosaic Capital to commence development of the first phase—a 'stability island'—of a 3.2GWh hybrid LDES facility at Hunterston, Ayrshire, Scotland. This investment brings Highview's total funding for commercializing LDES solutions to over £500 million, funding construction that will deliver crucial grid services, prevent renewable curtailment, and eventually enable 300MW power output for extended periods to transport energy from Scottish offshore wind to England. The Hunterston project is expected to create 1,000 onsite construction jobs and 650 supply chain jobs, incorporating advanced grid analytics for energy usage insights. It represents the first in a series of hybrid LDES facilities, building on prior successes like a £300 million raise for a 300MWh LAES and grid stability facility at Carrington, Manchester, set to be operational in 2026, which won 'Energy Transition Deal of the Year' at the IJGlobal Awards 2024. Highview plans to develop four additional 2.5GWh LAES plants by 2030, totaling 10GWh across five UK sites, delivering over 10% of the UK's LDES targets under NESO's 2024 Future Energy Scenarios. |
| Jun 2024 | Undisclosed stage | Centrica (lead); National Wealth Fund (lead); KIRKBI; Rio Tinto; Mosaic Capital; Goldman Sachs | $379M | - | Highview Power develops liquid air energy storage (LAES) technology for long-duration energy storage to support grid stability and renewable energy integration in the UK. In June 2024, it secured a £300 million funding package led by the UK Infrastructure Bank (now National Wealth Fund, £165 million in debt and equity) and Centrica (£70 million phased investment, including £25 million convertible debt at the holding company and £45 million project debt), with participation from Rio Tinto, Goldman Sachs, KIRKBI, and Mosaic Capital. This funds construction of the world's first commercial-scale LAES plant at Carrington, Greater Manchester, with 50MW/250MWh capacity, expected to create over 380 jobs and enable a broader £9 billion pipeline of UK projects including four 2.5 GWh facilities. The Carrington project stores excess renewable energy and releases it as needed, reducing intermittency, enhancing energy security, lowering consumer bills, and supporting net zero goals by maximizing green energy utilization. Centrica's investment aligns with its £600-800 million annual green investments through 2028, providing standalone returns, portfolio balance, and rights to future equity and energy optimization from Highview's pipeline. The UK Infrastructure Bank views it as foundational for scaling LAES technology internationally. Subsequent developments include a £130 million round in late 2024 or 2025 for phase one of the Hunterston project (3.2 GWh hybrid LDES facility), involving Centrica, Scottish National Investment Bank, Goldman Sachs, KIRKBI, and Mosaic Capital, funding a 'stability island' for grid inertia, voltage support, and preventing wind curtailment in Scotland. This brings total funding over £500 million, with Hunterston facilities planned at 300MW/3.2GWh each to deliver grid services and local jobs. |
| Feb 2020 | Strategic investment | Sumitomo Heavy Industries (lead) | $46M | $330M | Highview Power develops CRYOBattery, a liquid air energy storage (LAES) technology for long-duration energy storage, enabling grid stability and renewable energy integration without geographical constraints. On February 25, 2020, Sumitomo Heavy Industries invested $46 million in Highview Power to acquire LAES technology and promote commercialization globally, particularly in Europe, the US, and Asia, partnering with Sumitomo SHI FW as a technology hub. This investment positioned SHI in the clean energy storage market and accelerated Highview's global growth. The $46 million from Sumitomo Heavy Industries formed part of a larger Growth Capital round closed in early 2021, totaling over $70 million, including $13 million from Janus Continental Group, contributions from TSK, and $5.5 million from original investors, bringing cumulative funding and grants to over $145 million. The funds supported aggressive global expansion and commercialization of projects, with Highview entering 2021 with a 4 GWh late-stage pipeline across the US, Europe, and Latin America, plus 700 MWh under development. Subsequent developments include SHI's involvement in a 2024 funding for Highview's first commercial-scale 300 MWh LAES plant in England (start 2026) and a demonstration plant in Japan (start 2025). Highview later secured £300 million from UK Infrastructure Bank and others, and £130 million for a Hunterston facility, surpassing half a billion pounds in total funding. |
| Jun 2014 | Pre-seed | SyndicateRoom | $1M | $33M | - |
Who has invested in Highview Power?
9 investors have backed Highview Power across its funding rounds, including Goldman Sachs, Centrica, KIRKBI, Mosaic Capital, SyndicateRoom and Scottish National Investment Bank.
Lead investors include Centrica, National Wealth Fund and Sumitomo Heavy Industries.
Highview Power Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jun 2024 | ||
| 2 | Participant | Jun 2024 | ||
| 2 | Participant | Jun 2024 | ||
| 2 | Lead | Jun 2024 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Jun 2014 | ||
| 1 | Participant | Jun 2024 | ||
This data is available for Pro users. Sign up to see all 9 Highview Power investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHighview Power Competitors
Highview Power competitors include listed companies like FTAI Infrastructure, Electrovaya, American Battery Tech and Alfen, and private ones like Xinjie Energy and Standard Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $503M | $243M | $330M | 6.3x | ||
| Publicly listed | $64M | $5M | $321M | 4.9x | ||
| Publicly listed | $22M | ($69M) | $320M | 11.3x | ||
| Private | - | - | $306M | - | ||
| Private | - | - | $290M | - | ||
| Publicly listed | $502M | $24M | $283M | 0.5x |
Highview Power Public Comps
Highview Power is still privately-owned, but its public comps include FTAI Infrastructure, Electrovaya, American Battery Tech, Alfen, Microvast, Hexagon Composites, NeoVolta, SES AI, Entech and Solid Power.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $503M | $243M | 8.2x | 6.3x | 17.0x | 14.5x | |||
| $64M | $5M | 5.5x | 4.9x | 65.2x | 31.2x | |||
| $22M | ($69M) | 12.5x | 11.3x | (3.9x) | (12.7x) | |||
| $502M | $24M | 0.6x | 0.5x | 11.4x | 10.4x | |||
| $428M | $3M | 0.7x | 0.8x | 122.6x | 9.6x | |||
| $314M | ($83M) | 1.8x | 1.7x | (6.9x) | 21.2x | |||
| $8M | ($5M) | 23.2x | 5.8x | (42.1x) | (20.0x) | |||
| $21M | ($72M) | 2.0x | 1.4x | (0.6x) | (0.7x) | |||
This data is available for Pro users. Sign up to see all Highview Power competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Highview Power
| When was Highview Power founded? | Highview Power was founded in 2005. |
| Where is Highview Power headquartered? | Highview Power is headquartered in London, United Kingdom. |
| Is Highview Power publicly listed? | No, Highview Power is a private, VC-backed company. |
| What is Highview Power's valuation? | Highview Power was last valued at $330M in its strategic investment round in February 2020. |
| How much funding has Highview Power raised? | Highview Power has raised $599M across 4 funding rounds. |
| What was Highview Power's last funding round? | Highview Power's last funding round was a $172M undisclosed-stage round in November 2025. |
| Who are Highview Power's investors? | Highview Power's investors include KIRKBI, Mosaic Capital, Goldman Sachs, Centrica, Scottish National Investment Bank, SyndicateRoom, Rio Tinto, Sumitomo Heavy Industries and National Wealth Fund. |
| Which companies are comparable to Highview Power? | Companies comparable to Highview Power include FTAI Infrastructure, Electrovaya, American Battery Tech, Xinjie Energy, Standard Energy and Alfen. |
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