EQT Launches Infrastructure Strategy with ju:niz Energy Acquisition

EQT Introduces Transition Infrastructure Strategy

EQT has officially launched its EQT Transition Infrastructure strategy, which is designed to capitalize on its extensive background in supporting climate-centric initiatives and over 15 years of investment into energy transition infrastructure. This strategy aims to channel both capital and essential expertise in technology and sustainability to promote businesses that facilitate the shift towards a decarbonized and climate-resilient ecosystem.

Focus on Clean Energy Transition

The EQT Transition Infrastructure initiative is poised to enhance businesses that are dedicated to transitioning towards clean energy and fostering a circular economy. By targeting investments across multiple regions, including North America, Europe, and the Asia Pacific, the initiative seeks to leverage EQT's rich industrial experience and deep sector insights while further strengthening its existing EUR 72 billion global infrastructure portfolio.

Significance of ju:niz Energy

The first major investment under this new strategy is ju:niz Energy, a developer and operator of battery energy storage systems. This acquisition marks a significant step in EQT's mission to support companies that play a vital role in transitioning to sustainable energy solutions. The acquisition will utilize resources from EQT's balance sheet, showcasing its commitment to advancing clean energy initiatives.

Leadership and Strategy Execution

Leading this strategy will be Jan Vesely, who has been appointed as Head of EQT Transition Infrastructure in New York, alongside Asis Echaniz, overseeing the European segment from Madrid. They will be supported by a dedicated investment team numbering around 130 members. The strategy will also receive oversight from Francesco Starace, EQT's Chair of Transition Infrastructure and former CEO of Enel, a notable player in the energy utility sector.

Innovative Technological Solutions

As the renewable energy landscape continues to evolve, innovations in technology are critical. Francesco Starace emphasized the importance of integrating available technology with supportive policies and investments to achieve significant emissions reductions by 2030. EQT aims to leverage established transition solutions to strengthen its partnership with clients while meeting the pressing investment needs in the journey to a low-carbon economy.

ju:niz Energy's Role in Energy Storage

Headquartered in Germany, ju:niz Energy is well-positioned to tackle the growing demand for energy storage solutions amidst increasing reliance on renewable energy sources and the rising power needs attributed to electrification. As Germany boasts being the largest electricity market in Europe, the company stands to contribute significantly to enhancing energy grid stability.

Future Growth and Development

With EQT's backing, ju:niz Energy intends to expand its business model while increasing its asset ownership. The partnership aims to elevate ju:niz Energy to become an independent flexibility provider, tapping into its past experiences to successfully manage its robust pipeline of battery energy storage projects.

Commitment to a Sustainable Future

According to Asis Echaniz, the introduction of this strategy reiterates EQT's dedication to a climate-resilient future. With innovative technology, ju:niz Energy exemplifies EQT's investment focus. EQT believes that supporting ju:niz Energy can yield economically sound energy solutions, promoting not just sustainability but also affordability and resilience within the energy sector.

Transaction Outlook

This transaction is subjected to typical conditions and approvals, reflecting the meticulous approach EQT employs in its investment strategy. EQT receives advisory support from leading firms, including UBS, Gibson Dunn & Crutcher, and McKinsey, for this transaction.

Frequently Asked Questions

What is the EQT Transition Infrastructure strategy?

The EQT Transition Infrastructure strategy aims to support and invest in businesses that foster the transition to clean energy and a circular economy.

Who is ju:niz Energy?

ju:niz Energy is a developer and operator of utility-scale battery energy storage systems, focusing on enhancing energy grid stability and decarbonization efforts.

Who leads the EQT Transition Infrastructure initiative?

The initiative is led by Jan Vesely and Asis Echaniz, with oversight from Francesco Starace.

What geographical areas does the EQT strategy focus on?

The strategy will invest across North America, Europe, and the Asia Pacific regions.

What impact does EQT aim to achieve with its investments?

EQT aims to drive growth in companies that address environmental challenges, contributing to a sustainable and low-carbon economy.

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