Deal Description: Baker Botts today announced that it has advised Faraday Grid, the global energy technology company, on a £25 million investment in the company from Adam Neumann, co-founder and CEO of WeWork.
The collaboration supports Faraday Grid’s ongoing global expansion, including in the UK, United States, Japan, Australia and Europe. It will also accelerate commercialization of the company’s Faraday Exchanger technology with project partners worldwide. Faraday Grid’s new energy platform will enable clean, affordable, reliable power for all energy users.
“Faraday Grid is at a very exciting stage of its growth and we are delighted to have acted for the company on this strategic investment. The convergence of technology and energy continue to evolve, and we are seeing an ever-increasing level of new technologies having a significant impact on global energy markets,” said Neil Foster, Corporate partner in Baker Botts’ London office.
The Baker Botts team that represented Faraday Grid.
Baker Botts Lawyers/Office Involved:
# # #About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.