H.I.G. Capital Acquires Torque, Expanding BESS Portfolio

H.I.G. Capital has completed the acquisition of Torque, a move that strengthens its position in the battery energy storage system (BESS) market. This acquisition is significant as it highlights the growing investment interest in energy storage solutions, particularly in the context of increasing demand for renewables. Industry stakeholders should watch for potential impacts on project development timelines and market dynamics.