Wednesday, December 18, 2024

EQT Launches New Transition Infrastructure Strategy, Begins with ju:niz Energy Buyout

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  • Strategic Launch: EQT introduces its Transition Infrastructure strategy to scale clean energy and resource-efficient solutions globally.
  • First Acquisition: ju:niz Energy, a German utility-scale battery energy storage developer, becomes EQT’s inaugural investment under the new strategy.
  • Commitment to Decarbonization: EQT aims to strengthen energy grid stability and support decarbonization efforts by expanding innovative infrastructure.

EQT, a global investment leader, has unveiled its Transition Infrastructure strategy, focused on scaling businesses that drive the shift to clean energy and a circular economy. This strategy targets investments across North America, Europe, and Asia Pacific to accelerate decarbonization and resource efficiency, complementing EQT’s EUR 72 billion global infrastructure portfolio.

The pace of technological innovation and AI-driven digitalization is transforming energy systems,” said Jan Vesely, Head of EQT Transition Infrastructure. This strategy will help proven solutions scale to create the next generation of sustainable energy infrastructure.”

Jan Vesely, Head of EQT Transition Infrastructure

First Investment: ju:niz Energy

Germany-based ju:niz Energy marks the first acquisition under EQT’s new strategy. The company develops, builds, and operates utility-scale battery energy storage systems that address rising power demand and renewable energy intermittency. EQT plans to help ju:niz expand its pipeline of projects and solidify its position as an independent flexibility provider.

Related Article: EQT, GIC to Acquire Majority Stake in UK Energy Transition Infrastructure Company Calisen

Asis Echaniz, Head of EQT Transition Infrastructure Europe, emphasized ju:niz’s potential: Its innovative technology aligns with EQT’s vision of cleaner, more resilient energy infrastructure. We’re excited to support the company’s growth.”

Asis Echaniz, Head of EQT Transition Infrastructure Europe

Building on Expertise

EQT Transition Infrastructure is led by industry veterans, including Francesco Starace, former CEO of Enel, and a team of 130 investment professionals. The strategy reflects EQT’s commitment to addressing global climate challenges, having validated Science-Based Targets for 49 portfolio companies, representing 57% of its invested equity.

Technologies available today, combined with investment and policy, could deliver over 80% of emissions reductions needed by 2030, said Francesco Starace, Chair of EQT Transition Infrastructure. EQT’s strategy deepens our client partnerships to tackle the massive investment needed for a low-carbon economy.”

Francesco Starace, Chair of EQT Transition Infrastructure

Driving Sustainable Growth

With this initiative, EQT aims to scale innovative businesses like ju:niz Energy to meet growing energy demands and bolster decarbonization efforts. By leveraging its expertise, EQT continues to strengthen global infrastructure for a climate-resilient future.

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