TPG Rise Climate Invests In Aurora Energy Research

Global alternative asset management firm TPG has acquired a majority stake in global power market forecasting and analytics provider Aurora Energy Research through its climate investing platform TPG Rise Climate.  

It acquired this stake from Aurora’s current investors, private equity investor CGE Partners and private investment firm 22C Capital. Both these companies, along with Aurora CEO John Feddersen, will make significant reinvestments in the business. 

Headquartered in Oxford, UK, Aurora’s forecasting services provide information for critical investment and financing decisions, something that TPG believes offers a competitive advantage to the power business.  

The Business Unit Partner at TPG Rise Climate, Jamie Gilbert, explained, “Increased visibility into data and analytics for the power industry will continue to be a strategic differentiator across the energy value chain, and we are excited to partner with John, CGE, and 22C to accelerate Aurora’s growth.”  

Feddersen called the transaction an exciting next chapter for the global software and data analytics platform. 

TPG Rise Climate’s Managing Partner Ed Beckley added, “With increasing power demand across the globe, Aurora’s service offering has already proved invaluable, and we expect it to have strong growth prospects in the US, Asia, and beyond.”  

Earlier this year, TPG Rise Climate announced the acquisition of Altus Power (see TPG Rise Climate To Acquire Altus Power For $2.2 Billion).