GDEV's Commitment to Sustainable Energy: 2024 Insights

GDEV Unveils Its 2024 Energy and Impact Report
GDEV Management, LLC (GDEV) is committed to driving forward sustainable energy technologies and infrastructure development. The recent release of the 2024 Energy and Impact Report serves as a testament to their substantial investments. With over $400 million placed in diverse platform investments, GDEV is strengthening the connection between investor capital and real-world asset development.
Key Highlights from the Report
The report highlights impressive metrics and achievements that demonstrate GDEV's active role in sustainable infrastructure:
- GDEV’s portfolio encompasses 12 operational sustainable infrastructure platforms and supports a workforce of 421 employees.
- Through its portfolio, GDEV has developed, owned, or financed more than 332 megawatts of renewable generation capacity, contributing 652 gigawatt-hours of clean energy annually alongside 261 megawatt-hours of storage capacity that enables 219 gigawatt-hours of grid flexibility.
- Portfolio companies have facilitated investments exceeding $643 million in projects and boast a pipeline with over $20 billion earmarked for capital expenditures.
Innovative Portfolio Companies
The report shines a light on several noteworthy companies within the GDEV network that are at the forefront of the energy transition:
- Relevate Power: This firm specializes in redeveloping hydropower assets across 36 facilities, generating more than 250 GWh of clean energy each year.
- Telyon: A versatile energy development company focusing on commercial and industrial solar projects and battery storage, is active in 24 states and has 50 MW of projects currently in operation and construction.
- Nexus Holdings: As an investment and advisory entity, Nexus has been pivotal in the creation and management of over 400 unique infrastructure initiatives with a total of $300 billion dedicated to capital projects.
Strategic Vision
Benjamin Baker, GDEV’s Managing Partner, remarked on their approach, stating, "GDEV’s extensive industry knowledge, valuable partnerships, and innovative capital offerings equip us to effectively support the evolving energy infrastructure landscape. We are committed to bolstering the development of energy solutions that enhance grid stability, increase market access, and foster innovation throughout the industry."
About GDEV Management, LLC
GDEV Management, LLC operates as a private equity firm concentrating on middle-market infrastructure investments. Their focus spans high-growth sustainable infrastructure sectors including renewable energy, energy efficiency, grid modernization, transport innovation, and sustainable fuels solutions. GDEV is affiliated with Greenbacker Capital Management, LLC, an SEC-registered investment adviser committed to professional integrity and sustainable practices.
Frequently Asked Questions
What does GDEV focus on?
GDEV focuses on investing in sustainable energy technologies and infrastructure, driving innovations that contribute to a cleaner environment.
How much has GDEV invested in its portfolio?
GDEV has invested more than $400 million across various sustainable infrastructure platforms.
Which companies are part of GDEV’s portfolio?
Notable companies in GDEV’s portfolio include Relevate Power, Telyon, and Nexus Holdings, which are all driving the energy transition.
What are the key achievements reported by GDEV?
The report outlines that portfolio companies have financed over 332 MW of generation capacity, delivering substantial clean power and storage solutions.
How does GDEV contribute to energy infrastructure?
GDEV’s strategic investments and partnerships enable the development of critical energy solutions that enhance grid performance and market access.
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