MM will move into profitability this year in its first year of trading.
Along with our partners, Megawatt Mosaic has analysed 744 Italian substations. As of 1 April 2023, we have 1.37GWn in grid capacity request, of which 882MWn is grid authorised.
MM is now diversifying into other markets, to bring BESS (Battery Energy Storage Systems) to other grid networks with mosaics of power generation planned, and coming online, especially wind.
MM is fully funded, but we are now raising 50M from institutional investors into SPV’s to increase the scale and scope of development. We anticipate funding MM again in Q1 2024 at a valuation of 50M plus.
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