Stonepeak Infrastructure Partners invests in the development of microgrids in North America
Stonepeak Infrastructure Partners has signed a US$250 million equity capital commitment to Energizing Co. for the development of microgrids throughout North America.
The commitment to Energizing, a California-based energy infrastructure development company, will be used to fund the formation of Energizing Infrastructure, LLC which will serve as the financing platform to fund the development of Energizing Co.'s current and future power grid modernization projects in North America.
Energizing Co. is working closely with municipalities and utilities to respond to their urgent power grid modernization needs by developing utility distribution microgrid (UDM) and related projects that provide communities clean, reliable and climate-resilient power.
Lexden Capital, LLC has advised Stonepeak Infrastructure Partners on this commitment. Lexden President & CEO David Soares stated:
"Lexden is excited to have advised Stonepeak on its commitment to the Energizing Infrastructure, LLC platform. Energizing Co. and its vision for microgrids represent the future of efficient power utilization for small and large municipalities across North America."
Stonepeak Senior Managing Director Luke Taylor commented:
"We believe Energizing Co. distinguishes itself with its clear vision for the future of public energy infrastructure, innovative business model to upgrade and modernize the power grid, and top-notch interdisciplinary team necessary to deliver on the promise of that vision. We could not be more pleased to partner with Energizing Co. in this new venture."
Energizing Co. founder and CEO Glen Martin added:
"Energizing Co.'s mission is to help cities accelerate the transition to the future. We appreciate the important role Lexden played in helping to create the financing platform to support our efforts."
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