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Dive Brief:
Goldman Sachs Asset Management and Cleanhill Partners, a private equity firm, have acquired a majority stake in smart inverter supplier EPC Power, according to a Thursday announcement.
The transaction comes as the Inflation Reduction Act and other circumstances have EPC Power, which focuses on energy storage applications, poised for potentially rapid growth, company leaders said.
The growing involvement of major financiers in energy storage technologies suggests the sector has begun to come of age, according to Adam Kabulski, vice president of sales…