EQT introduced that EQT Transition Infrastructure has agreed to amass Scale Microgrids, a developer, acquirer, proprietor and operator of microgrids and distributed power assets for business & industrial, EV fleet, information heart, municipal, college, hospital and agricultural clients, builders and communities, from Warburg Pincus and different present shareholders.
Headquartered in Ridgewood New Jersey, Scale’s portfolio consists of roughly 250 MW of working and in-construction property, with one other 2.5 GW of near-term pipeline. Scale deploys quite a lot of applied sciences together with photo voltaic, battery storage, pure gasoline mills, gas cell and mixed warmth and energy, and its portfolio represents one of many largest pure-play microgrid portfolios in america.
The transaction marks EQT’s first North American funding out of its just lately launched Transition Infrastructure technique, which is aimed toward scaling companies that allow the transition to wash power and a extra resource-efficient, round financial system. In December 2024, EQT introduced the launch of the technique and its inaugural funding in ju:niz Vitality, a battery power storage system developer and operator.
“At present marks the beginning of an thrilling new chapter for our firm,” mentioned Ryan Goodman, CEO of Scale Microgrids. “EQT brings a depth of expertise, assets and capital that can allow us to proceed pursuing our imaginative and prescient to energy the world with distributed power. I’m extremely pleased with what our workforce has constructed, and imagine this transaction will allow us to unlock even larger alternatives for the shoppers, workers, and communities we serve.”
The transaction is topic to customary circumstances and approvals.
EQT was suggested by Weil, Gotshal & Manges (authorized) and Guggenheim Securities (monetary). Scale Microgrids was suggested by Latham & Watkins (authorized), Nomura Greentech (monetary) and Truist Securities (monetary).
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