On Tuesday, GreenStruxure — a joint venture of global electric equipment giant Schneider Electric and sustainable energy private equity investor Huck Capital — landed its first publicly disclosed investor for this proposition, with a $500 million commitment from ClearGen, a subsidiary of private equity giant Blackstone.
It doesn’t take a specific day to remind us of the looming challenges our planet faces with climate change. For us, every day is Earth Day because the urgency for action on 2 degrees drives all of our investments as we move to a clean economy.
Two weeks after a winter storm nearly took down Texas' power grid in February, a software company called Uplight Inc. that promises to make the U.S. energy system more resilient vaulted to unicorn status with a new round of funding valuing the firm at $1.5 billion.
A group of investors led by Schneider Electric SE and Huck Capital has agreed to invest in closely held Uplight Inc. that will value the utility software company at about $1.5 billion.
Horrific reminders in California and Texas that our nation’s energy grid is fragile and resiliency remains top of mind, show the long-anticipated energy transition must accelerate.
The AES Corporation extends its investment in Uplight and its digital and carbon-free future. Investment will speed development of critical software for a cleaner, more resilient and affordable grid for consumers, support Uplight’s organic and M&A-driven growth, and catalyze international expansion
When we formed Huck Capital, it was with the belief that capital markets can and must be a driving force for positive impact on climate change. The energy transition would not only be a smart investment proposition but one that delivered on the promise of sustainable returns.
