Sunlight Group, a provider of energy storage systems, has received a €150 million (~$158 million) loan from the National Bank of Greece. The loan agreement has a duration of seven years. The company plans to use €125 million (~$132 million) to fund the company’s five-year growth business plan (2021-2026). The other €25 million (~$26 million) will be used to secure the permanent working capital needs. The funding will also be used to expand the company’s production capacity in lead-acid batteries, lithium-ion batteries, and energy storage systems by upgrading its facilities in Greece (Xanthi, Komotini, and Kilkis), Italy (Verona and Vignola), and the U.S. (North Carolina). The company, with the help of the funds, received aims to develop innovative products, with a focus on lithium technology, with plans to expand sales, distribution, services network and strengthen its supply chain network.