Basalt Infrastructure Partners

We look forward to joining many of our infrastructure peers at the Infrastructure Investor Global Summit. Senior team members Rob Gregor, Steven Lowry, David Greenblatt, John Hanna and Andrew Marsden will be in Berlin from 17th to 19th March. If you'd like to arrange a time to meet with us during the conference, please email us directly.

Basalt Infrastructure Partners ("Basalt") announces signing of an agreement to add a newbuild LNG Carrier into the Vanadis LNG platform   Funds advised by Basalt announce that an agreement has been signed to add a modern newbuild 180,000 CBM LNG carrier into its Vanadis LNG platform. The addition brings the Vanadis platform to a total of three vessels and demonstrates successful delivery of Basalt’s strategy to add further scale and new charter relationships to its fleet.   The vessel is expected to be delivered during 2027 and will be employed on a long-term, fixed time charter to Japanese energy company, JERA Co., Inc. This investment brings together existing operating partners and counterparties with an exceptional track record of delivery. The vessel will be built at Samsung Heavy Industries, one of the world’s leading shipyards and will be equipped with the latest X-DF propulsion system, offering industry-leading fuel efficiency and associated low emissions. The vessel will be managed and operated by Celsius Shipping, Basalt’s existing operating partner across its Vanadis and Freyja LNG portfolios. Basalt expects to continue to grow the Vanadis LNG fleet over the coming months.   John Hanna, Partner and Head of Europe at Basalt commented, “we are delighted to continue our successful partnership with Celsius with the addition of what will be Basalt’s sixth newbuild LNG vessel. We continue to view LNG as an important transitional fuel and key to supporting security of supply in global energy markets."

Basalt is delighted to welcome Tom Walsh to the Basalt team as Operating Partner, focusing on the Waste sector. Tom brings over 20 years of experience in waste, most recently as CEO of Enva. We are thrilled to be working with Tom whose extensive experience and specialist expertise will further strengthen the ongoing asset management and value enhancement within Basalt’s waste portfolio.    Tom joins Basalt’s existing panel of Operating Partners who work closely with the investment team and asset managers to support the ongoing asset management and continued growth of the Basalt portfolio companies

We are excited to announce the merger of Basalt’s UK full fibre network, FullFibre Limited along with its in-house ISP retail company, BeFibre, with Zzoomm, an established and rapidly growing full fibre business operator. The enlarged group will have one of the largest full fibre footprints in the UK with some 600,000 properties ready for service and over 65,000 customers, and will also be well positioned for further M&A. The merged business will be able to accelerate growth, enhance operational efficiency and lead on further M&A across the fragmented Altnet sector. Congratulations to the FullFibre and Zzoomm teams on this significant milestone.

Basalt is delighted announce a number of promotions across the team as we kick off 2025: Mariana Barrientos (London) - Principal Monica De Mestria (London) - Vice President Alice Farr (London) - Senior Associate Charlotte Farndon (London) - Office Manager These promotions demonstrate the talent that exists within Basalt and the Firm’s wish to offer long term career pathways for its existing team. Congratulations ladies!

Basalt is pleased to announce the delivery of Caronte & Tourist S.p.A.'s brand-new RoRo vessel, PIETRO MONDELLO. Constructed in Turkey's Sefine Shipyard, the 133m vessel is the third dual fuel diesel-LNG carrier in the Caronte & Tourist fleet, with an additional 2 MWh battery pack, which enables the ferry to peak-shave during operations, resulting in reduced fuel consumption and lower emissions. Congratulations to Caronte & Tourist on this great achievement and another step towards a more sustainable future.

Basalt is pleased to announce that Giorgiana Wegener has recently joined the Firm, as Principal, Asset Manager, based in London. Giorgiana brings a wealth of experience having spent 17 years in asset management roles within infrastructure funds. Giorgiana will work closely with the Basalt team to continue to drive best practice within Basalt’s asset management processes. We are delighted to welcome Giorgiana to the team In addition, Basalt has formalised a number of relationships with Senior Industry Specialists in recent months, with Paul Doyle, James Larsen and Rita Theil joining the Firm as Operating Partners, working alongside the Basalt team and management teams to support ongoing asset management within the portfolio companies. Paul has 40 years’ experience in telecommunications and infrastructure, and has represented Basalt as non-executive director on assets such as Manx Telecom and FullFibre. Paul’s focus with Basalt is on the digital infrastructure portfolio. Jim brings over 30 years’ experience in the power and utilities sector in North America and was formerly CEO of Basalt’s first US utility investment, Upper Peninsula Power Company (“UPPCO”). Jim is working with the team to support the asset management of Basalt’s power & utilities portfolio. Rita has over 34 years of advisory and board experience across a range of industries, most notably in power, energy, infrastructure and clean tech, and is a board member of Basalt portfolio company EnviroSpark. Rita focuses on energy and transition assets within the Basalt portfolio. Basalt has also recently welcomed new joiners on the investment and compliance teams in London. Michael O’Keane joins this week as Associate on the European investment team, and Tara Grewel recently joined as Compliance Manager, based in London. Basalt is delighted to welcome all the recent joiners to the team. With the recent appointments the Basalt team stands at 50 strong, and we look forward to continued growth in the New Year. 

Basalt are delighted to share our Principles for Responsible Investment (PRI) Summary Scorecard for 2024. Full accompanying reports are available on the ESG section of our website - www.basaltinfra.com This is the second year Basalt has received the maximum rating of five stars for both the Infrastructure and Policy Governance and Strategy modules.

What an event! Basalt held its 3rd Annual ESG Forum last week, welcoming ESG leads from across the portfolio to the London office and online, bringing representatives from 20 portfolio companies together. We had case studies from EnviroSpark Energy Solutions, Nobina Group, Reconor Group, IMS - Integrated Materials Solutions, FORTBRAND SERVICES LLC and Xpress Natural Gas, as well as hearing from Katie Ahmed and John Hanna from Basalt, Myles Tatlock and Zara de Belder from Anthesis Group, and Charlie Mahoney from Novata. Thank you to everyone who attended and communicated their insights so openly. It was a fantastic opportunity to share knowledge around ESG topics including CSRD, reporting, supply chain due diligence, SBTi, climate scenario analysis, health and safety, and biodiversity.

Both the New York and London teams at Basalt Infrastructure Partners have been busy in September using their volunteering days to help good causes. The New York team volunteered with Prospect Park Alliance, a non-profit organisation that partners with the City of New York, to sustain, restore, and advance Prospect Park (Brooklyn’s flagship park which receives more than 10 million visits each year).   The London team spent a day at Honor Oak Adventure Playground with London Play Design. They were busy repairing bridges, floorboards and joists, saving nearly £3,000 in labour and materials, and benefitting over 140 children who visit the project each week. Katie Ahmed, Basalt's ESG Manager, said "It's a fantastic opportunity to get the team outside together to do something different and help the local community, as well as getting to know each other's unknown skills - thank you to all who attended".