Connect with us

Technology

EQT to acquire distributed energy company Scale Microgrids

Published

2 weeks ago

on

Transaction marks the EQT Transition Infrastructure strategy’s second highly thematic investment over the past month, to be acquired with capital from EQT’s balance sheetScale Microgrids is a vertically integrated energy company that designs, builds, finances, owns, and operates microgrids and distributed energy assets in North America, with a vision to power the world with distributed energy.EQT will support Scale Microgrids along its existing growth journey through significant investments in its commercial processes, tech platform and project execution capabilities, enabling the Company to own and operate billions of dollars in distributed generation assets.

NEW YORK, Jan. 9, 2025 /PRNewswire/ — EQT is pleased to announce that EQT Transition Infrastructure (“EQT”) has agreed to acquire Scale Microgrids (“Scale” or the “Company”), a leading vertically integrated developer, acquirer, owner, and operator of microgrids and distributed energy resources for commercial & industrial, EV fleet, data center, municipal, university, hospital, and agricultural customers, developers and communities, from Warburg Pincus and other existing shareholders. 

Headquartered in Ridgewood New Jersey, Scale’s portfolio consists of roughly 250 MWs of operating and in-construction assets, with another 2.5 GWs of near-term pipeline. Scale deploys a variety of technologies including solar, battery storage, natural gas generators, fuel cell and combined heat and power, and its portfolio represents one of the largest pure-play microgrid portfolios in the United States.

The transaction marks EQT’s first North American investment out of its recently launched Transition Infrastructure strategy, which is aimed at scaling businesses that enable the transition to clean energy and a more resource-efficient, circular economy. In December 2024, EQT announced the launch of the strategy and its inaugural investment in ju:niz Energy, a battery energy storage system developer and operator.

Jan Vesely, Partner and Head of EQT Transition Infrastructure, said: “We are thrilled that Scale Microgrids will become EQT Transition Infrastructure’s first investment in North America, underscoring our commitment to driving the energy transition globally and supporting a decarbonized and climate-resilient future while addressing the accelerated electricity demand in North America. We see enormous potential to accelerate Scale’s growth and establish it as one of the market’s leading vertically integrated energy companies.”

Ryan Goodman, CEO of Scale Microgrids, said: “Today marks the start of an exciting new chapter for our company. EQT brings a depth of experience, resources, and capital that will enable us to continue pursuing our vision to power the world with distributed energy. I’m incredibly proud of what our team has built, and believe this transaction will enable us to unlock even greater opportunities for the customers, employees, and communities we serve. We’re appreciative of our past shareholders, led by Warburg Pincus, for their support in helping us get to where we are today.” 

Scale addresses several of today’s most pressing grid challenges, including rapid load growth from data centers and fleet electrification, power generation capacity constraints, and increased frequency of grid outages. Scale’s assets add resiliency to power systems, enable faster access to power relative to extended interconnection wait times, and provide cost savings and predictable power compared to the grid while advancing customers’ decarbonization and sustainability objectives.

Ryan Dalton, Managing Director at Warburg Pincus, said: “Scale has achieved incredible growth over the past five years, establishing a strong reputation as one of the leading providers of next generation power infrastructure. The Company has successfully grown to nearly 3 GW of operating, in-construction and near-term pipeline assets, closed multiple financings to fund future project development and maintains a strong customer base. We look forward to watching the Company’s next phase of growth with EQT, and continuing their mission to provide cleaner, cheaper and more reliable power.” 

EQT brings a long-term strategic focus, deep experience in investing across the renewables infrastructure sector, and significant resources, and will focus on making strategic investments, including incremental capital, in Scale’s commercial processes, software systems, and project execution capabilities to continue to develop the business into a best-in-class, multi-technology energy services leader focused on the highest growth market segments, enabling Scale to own and operate billions of dollars in distributed generation assets.

The transaction is subject to customary conditions and approvals. 

EQT was advised by Weil, Gotshal & Manges (legal) and Guggenheim Securities (financial). Scale Microgrids was advised by Latham & Watkins (legal), Nomura Greentech (financial), and Truist Securities (financial).

Contact
EQT Press Office, press@eqtpartners.com
Warburg Pincus Press Office, Sarah Bloom, Sarah.bloom@warburgpincus.com
Scale Microgrids Press Office, Nicole Green, ngreen@scalemicrogrids.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-to-acquire-distributed-energy-company-scale-microgrids,c4089266

The following files are available for download:

https://mb.cision.com/Main/87/4089266/3197614.pdf

Press Release, EQT Transition Infra, Scale, 250109

https://news.cision.com/eqt/i/scale-photo,c3366858

Scale Photo

 

View original content:https://www.prnewswire.com/news-releases/eqt-to-acquire-distributed-energy-company-scale-microgrids-302347012.html

SOURCE EQT

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Decision Counsel Names Jarie Bolander General Manager of Consumer Agency Subscriber

Published

6 minutes ago

on

January 22, 2025

By

New Role Accelerates B2B2C Ecosystem Expansion

BERKELEY, Calif., Jan. 22, 2025 /PRNewswire-PRWeb/ — Decision Counsel, a leader in sophisticated go-to-market programs and high-impact growth strategies, is pleased to announce the promotion of Jarie Bolander to General Manager of Subscriber. Subscriber is an AI-fueled marketing partner strategically focused on Broadband Service Providers (BSPs). Subscriber is committed to accelerating the evolution of BSP offerings, subscriber revenue models and customer loyalty. The firm is entirely focused on the acquisition, retention and growth of subscription-based revenue.

“As we continue to invest in Subscriber’s unique offerings in the B2B2C GTM space, Jarie’s expertise and leadership will be instrumental in strengthening client relationships and delivering impactful, long-lasting results,” said Sal Fuentes, Founder and CEO, Decision Counsel.

“As we continue to invest in Subscriber’s unique offerings in the B2B2C GTM space, Jarie’s expertise and leadership will be instrumental in strengthening client relationships and delivering impactful, long-lasting results,” said Sal Fuentes, Founder and CEO, Decision Counsel.

In his new role, Bolander will oversee efforts to support BSPs in evolving their organizations and enhancing subscriber experiences. Bolander joined Decision Counsel in March 2022 as Head of Market Strategy. A marketing and PR professional with six startups under his belt, seven published books and seven patents to his credit, Bolander brings a mix of entrepreneurial experience and strategic insight to Decision Counsel.

“Reliable internet access has evolved into essential social infrastructure—it’s a bridge to opportunity for individuals, businesses and communities striving to unlock their full potential. As the only Go-To-Market partner dedicated to accelerating the growth of BSPs, Subscriber is uniquely positioned to make a lasting impact,” said Bolander. “I look forward to leading our team through this AI-influenced growth phase as we help clients fully deliver on that opportunity by enhancing the Total Subscriber Experience.”

Prior to joining Decision Counsel, Bolander served as Partner at JSY PR & Marketing, a full-service PR, marketing and strategic communications firm. His background and experience include founder and leadership roles at Lab Sensor Solutions, Ion Torrent, Tagent and Cypress Semiconductor. Bolander holds an MBA in Technology Management from UOP and a BS in Electrical Engineering from San Jose State University.

For more information about Decision Counsel, visit decisioncounsel.com.

About Decision Counsel

Launched in 2005, Decision Counsel is a content marketing and strategy firm known for its dynamic activations and innovative growth strategies. The firm architects, develops and delivers programs focused on building brands, driving sales and fostering sustainable customer relationships for household name brands such as Hulu, Northstar Travel Group, Dun & Bradstreet, Prudential, Cisco and Media Radar, among many others. Its executives conduct their operations under the philosophy that “basic is the enemy” and are dedicated to creating fresh thinking, relevant programs and strategic focus. For more information about Decision Counsel, visit decisioncounsel.com.

About Subscriber

Subscriber is the go-to partner for Broadband Service Providers (BSPs) looking to elevate their game in an increasingly connected world. As a division of Decision Counsel, Subscriber blends innovative strategies, AI innovation and deep market insight to deliver growth-focused solutions that amplify revenue, improve the total subscriber experience, and increase community impact. At Subscriber, we believe that access to the Internet is not just a service but a bridge to opportunity, and we’re here to help BSPs fully deliver on that opportunity. Visit https://subscribergtm.com/ for more information.

Media Contact

Melissa Banks, Decision Counsel, 1 4065991648, melissa@rosengrouppr.com, https://decisioncounsel.com/

View original content to download multimedia:https://www.prweb.com/releases/decision-counsel-names-jarie-bolander-general-manager-of-consumer-agency-subscriber-302357041.html

SOURCE Decision Counsel

Continue Reading

Technology

STG Logistics Celebrates 40 Years of Excellence in the Logistics and Supply Chain Industry

Published

6 minutes ago

on

January 22, 2025

By

CHICAGO, Jan. 22, 2025 /PRNewswire/ — STG Logistics (STG), a national leader in containerized freight solutions, is proud to announce it is celebrating forty years in the logistics industry. Over the past four decades, STG has grown from its beginning as a CFS warehousing company to North America’s leading provider of integrated port-to-door solutions, including asset-based intermodal transportation, marine and rail drayage, transloading and contract logistics services and over the road FTL and LTL services.

STG Logistics (STG), a leader in containerized freight solutions, is celebrating forty years in the logistics industry.

Founded in 1985 under the name St. George Logistics, STG expanded through a series of strategic acquisitions that focused on developing a network of localized expertise. In 2019, after acquisitions that included Channel Distribution and Summit NW Corp, the new STG Logistics brand was launched. This brand embraced the vision: “One Team. One Company. One STG Logistics.” Today, STG Logistics is focused on providing tailored transportation solutions to help their customers grow their business.

“Reaching our 40th anniversary is truly a testament to our talented, hardworking team, the loyalty of our clients, and STG’s ability to continuously adapt to a rapidly changing industry,” said Paul Svindland, CEO of STG Logistics. “We are large enough to adapt easily to the constant disruption our field faces – whether that’s a potential port worker strike or a series of snowstorms. We will be celebrating this milestone throughout the year, and we are grateful to our customers who play such a huge part in our success.”

Over the past 40-years, STG Logistics has achieved significant milestones, including:

The 2022 acquisition of XPO Intermodal, which added 15,000 intermodal containers across North America and Mexico and a leading National Drayage providerThe acquisition of Best Dedicated Solutions in 2023, which added an extensive over-the-road network with true nationwide coverageEstablished long-term partnerships with key intermodal partners, including CSX and Union Pacific RailroadsExtended comprehensive shipping solutions for customers with logistics needs in MexicoThe launch of STG’s Green Haul Solution as an environmentally friendly, cost-effective transportation solution for customers.

Looking forward, STG Logistics has plans for continued growth, including investments in emerging technology to streamline operations, enhance efficiency, and improve customer service. With an eye on sustainability, STG is also exploring additional ESG solutions to minimize its environmental impact while maintaining cost-effectiveness. As STG Logistics approaches the next phase of its journey, the company remains dedicated to offering cutting-edge solutions tailored to the evolving needs of its customers, ensuring long-term success for the years to come.

To learn more about STG Logistics’ last 40 years, visit www.stgusa.com.

About STG Logistics

STG Logistics is a leading national containerized logistics services provider including asset-based intermodal transportation, marine and rail drayage, warehousing and transloading services and over the road FTL and LTL services. With 40 years of experience in domestic logistics, STG has access to every major rail ramp and port in the country. STG is a portfolio company of Wind Point Partners, Duration Capital Partners and Oaktree Capital Management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/stg-logistics-celebrates-40-years-of-excellence-in-the-logistics-and-supply-chain-industry-302357784.html

SOURCE STG Logistics

Continue Reading

Technology

S25 Ready: Spigen Unveils New Fast Wireless Charging Compatible Lineup Optimized for the New Samsung Galaxy Devices

Published

7 minutes ago

on

January 22, 2025

By

Spigen announces the launch of a new case lineup optimized for the Samsung Galaxy S25 series, featuring Qi2-compatible cases created with the help of Samsung through their official accessory partnership program.

IRVINE, Calif., Jan. 22, 2025 /PRNewswire/ — Spigen, a leading global provider of mobile device accessories, announced the launch of a new case lineup for the upcoming Samsung Galaxy S25 series. Through the Samsung Mobile Accessory Partnership Program, Spigen has worked closely with Samsung to develop a meticulously tested lineup that ensures seamless compatibility and optimal performance with the S25 series.

Qi2 Compatibility: A New Standard

The S25 is one of the first mainstream smartphones to feature Qi2 technology. However, this functionality is not native to the device itself and requires the use of specifically designed Qi2 accessories.

To unlock the full potential of the S25 devices, Spigen has developed a new lineup of Qi2-compatible cases. These cases have been extensively tested hands-on with the S25 devices, making sure users are getting the most that Qi2 has to offer.

Key Highlights of the New Lineup:

Spigen’s lineup for the S25 series boasts a range of unique and protective options, which include:

ZeroOne MagFit and NeoOne MagFit: Fan favorites, known for their distinctive “teardown” design, offering a glimpse into the inner workings of the Galaxy S25.Thin Fit MagFit: Designed for the minimalist, a sleek option provides everyday protection while maintaining an unnoticeable profile.Parallax MagFit: Previously known from Spigen’s sibling company Caseology, making a debut in the lineup with its vibrant splash of color and a mesmerizing geometric pattern.

Revamped MagFit for Galaxy

The implementation of Qi2 into Spigen’s cases further unlocks a new world of functionality through magnetic accessories. Spigen’s popular MagFit collection, an ecosystem originally designed for iPhone, has been refined for Galaxy. Spigen re-engineered several MagFit wallets specifically for Samsung, accounting for the vertical camera bar design.

Spigen’s MagFit for Galaxy lineup offers a diverse range of stylish and functional wallet options. From the sleek Urban Fit to the playful Nano Pop, these wallets accommodate up to 3 cards, featuring easy access slots and a grippy texture on the back to prevent accidental slippage.

Availability

Spigen’s Samsung Galaxy S25 collection is already available on Amazon with more accessories on the way.

About Spigen

Spigen, a leading global provider of accessories for over 16 years, is dedicated to creating high-quality, innovative products that enhance the mobile experience. We strive to be “Something You Want,” offering a diverse range of stylish and functional accessories, from cases, screen protectors, everyday gear, and more, all designed to elevate your lifestyle. For more information about Spigen and our products, please visit our website.

Media Contact:

Justin Ma

949-502-5121

389156@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/s25-ready-spigen-unveils-new-fast-wireless-charging-compatible-lineup-optimized-for-the-new-samsung-galaxy-devices-302357450.html

SOURCE Spigen Inc.

Continue Reading

Trending