DLA Piper has advised Renera, a Russian energy storage business owned by Rosatom’s Tvel Fuel Company, on the acquisition of a 49% stake in Enertech International, a South Korean manufacturer of electrodes, lithium-ion storage cells, and energy storage systems. Monastyrsky, Zyuba, Stepanov & Partners advised Enertech on the deal.
According to DLA PIper, “the alliance with its South Korean partner is part of Rosatom’s strategy to invest in non-nuclear businesses and is only a first step towards developing and manufacturing state-of-the art energy storage systems." According to the firm, "the signed agreement also envisages the construction of a facility for manufacturing lithium-ion cells and energy storage systems in Russia, with at least a 2 GWh production capacity by 2030. The start of production at the Russian plant is scheduled for 2025. Lithium-ion batteries made in Russia will be used in electric vehicles (trucks, buses and passenger cars), in special equipment, and on power grids.”
DLA Piper’s Moscow-based team was led by Partner Steffen Kaufmann and included Legal Director Mukhamed Evloev, Counsel Julianna Tabastajewa, Senior Associate Azamat Abdulmenov, and Associate Alexander Mysov.
The Monastyrsky, Zyuba, Stepanov & Partners team included Partner Mikhail Motritch and Senior Associate Alena Shubina.
