Pulse 2.0
Summary
EQT announced that EQT Transition Infrastructure agreed to buy Scale Microgrids, a leading vertically integrated developer, acquirer, owner, and operator of microgrids and distributed energy resources for commercial & industrial, EV fleet, data center, municipal, university, hospital, and agricultural customers, developers and communities, from Warburg Pincus and other existing shareholders.
Based in Ridgewood, New Jersey, Scale’s portfolio comprises roughly 250 MWs of operating and in-construction assets, with another 2.5 GWs of the near-term pipeline. Scale deploys various technologies, including solar, battery storage, natural gas generators, fuel cells, and combined heat and power, and its portfolio represents one of the largest pure-play microgrid portfolios in the US.
The deal marks EQT’s first North American investment out of its recently launched Transition Infrastructure strategy, which aims to scale businesses that enable the transition to clean energy and a more resource-efficient, circular economy
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