ESG Today
Summary
Private equity and venture capital investor EQT Group announced today the acquisition of distributed energy company Scale Microgrids through its recently launched Transition Infrastructure strategy, from Warburg Pincus and other shareholders.
Founded in 2016, New Jersey-based Scale Microgrids is a vertically-integrated energy company, providing services including designing, building, operating, and financing on-site energy systems, enabling the delivery of cheaper, cleaner, and more resilient power for customers in sectors ranging from commercial & industrial, EV fleet, and data center, to municipal, university, hospital, and agriculture, and developers and communities.
Ryan Goodman, CEO of Scale Microgrids, said: “Today marks the start of an exciting new chapter for our company. EQT brings a depth of experience, resources, and capital that will enable us to continue pursuing our vision to power the world with distributed energy. I’m incredibly proud of what our team has built, and believe this transaction will enable us to unlock even greater opportunities for the customers, employees, and communities we serve. We’re appreciative of our past shareholders, led by Warburg Pincus, for their support in helping us get to where we are today.”
Continue Reading
#News#scalemicrogrids#Microgrids