Philipps & Byrne Supports STRABAG’s €100 Mio Investment in CMBlu Energy with Software Due Diligence

Construction Company STRABAG invested €100 Mio in CMBlu Energy. They produce high-performance batteries for energy utility companies, grid operators, as well as commercial and industrial demand. Batteries from CMBlu Energy are made from recyclable and organic materials, offering a sustainable solution in contrast to conventional lithium-ion batteries. Philipps & Byrne provided the Software Due Diligence ahead of the investment.

STRABAG is a construction company covering building construction and structural engineering, road construction and civil engineering, bridge building and tunneling, project development, building materials production, and facility management. They aim to become the most innovative and sustainable construction technology group in Europe.

CMBlu Energy develops and produces high-performance batteries. Their Organic SolidFlow batteries use carbon-based molecules and are free from critical, flammable, or explosive materials, including lithium, making them safe, scalable, affordable, recyclable, and long-lasting. With the Organic SolidFlow battery, they deliver an extremely safe and sustainable key technology for the energy transition and a broad number of applications.