EQT is investing in Scale Microgrids, a distributed generation company in North America
It will bring Scale’s assets in operation and under construction, along with its 2.5 GW near-term pipeline, to EQT
This is EQT’s maiden investment in North America since the launch of its Transition Infrastructure Strategy in December 2024
Swedish private equity player EQT is set to acquire North American distributed generation (DG) company Scale Microgrids, making this its maiden investment in the region under the Transition Infrastructure Strategy since its launch in December 2024.
Scale Microgrids designs, builds, finances, owns and operates microgrids and distributed energy assets across North America, including for commercial and industrial, electric vehicles, data centers, agricultural customers, universities, and hospitals, among others. It operates in the space of solar, battery storage, natural gas generators, fuel cells, and combined heat and power.
Its current portfolio comprises around 250 MW of assets in operation and under construction. The company comes to the EQT universe with a 2.5 GW near-term pipeline.
EQT says its investment in the company will help its scale and hone its commercial processes, tech platform, and project execution capabilities, enabling Scale to ‘own and operate billions of dollars in distributed generation assets.’ EQT’s Transition Infrastructure strategy targets to invest in clean energy businesses and help them expand.
“We see enormous potential to accelerate Scale’s growth and establish it as one of the market’s leading vertically integrated energy companies,” said EQT Transition Infrastructure Partner and Head Jan Vesely.
This investment follows the news of EQT and Temasek selling their joint renewable energy platform in India O2 Power to JSW Neo Energy (see EQT & Temasek Selling Indian RE Platform For INR 125 Billion).