Vinge advises expansive energy technology company Flower in connection with the entering into of credit facilities with Norion Bank. Flower was founded in 2020 and has quickly become Sweden’s leading player in battery storage trading and optimisation and so-called BESS (Battery Energy Storage Systems). With a focus on rapid expansion towards selected European markets, Flower’s journey is defined by combining pioneering technology with flexible energy assets, enabling clean energy to power society.
The proceeds from the credit facilities will be used to, among other things, finance Flower’s future investments and expansion. Flower has its sights set on continued global expansion, although the current addition is intended to strengthen its position in the Swedish market.
Vinge’s team consisted of Albert Wållgren and Jolinn Uhlin.
