Scott Curley’s Post

The big picture: Three key themes helping to shape the future of infrastructure: That creates opportunities not only for data centres, but also for energy, and indeed the rise of renewable energy continues. Keith Reader, managing ... #bigdata #cdo #cto

Investment firm Climate Adaptive Infrastructure (CAI) has joined Google, TPG Rise Climate and Greenbelt Capital Partners in a funding round of more than $800 million for renewables and energy storage developer Intersect Power. “The new funding in Intersect comes at a pivotal time for the company [Intersect] in furthering its vision, as the company also announced a strategic partnership with Google and TPG Rise Climate to provide scaled renewable power and storage solutions to new data centres,” a statement said. It added: “As AI drives increasing energy capacity demand, innovative solutions that support growing data centre capacity while reducing the strain on the grid are critical.” Bill Green (pictured left), founder and managing partner at CAI, said: ““When CAI first invested in Intersect in 2020, we saw an opportunity to continue a partnership that began in 2017 and launched a breakthrough company and team with a vision to transform how we decarbonise the energy grid. Since then, Intersect has made a lasting impact on the infrastructure and economy of the United States. Our belief in the team and their vision continues to grow exponentially as they have executed on their blueprint, project by project and partnership by partnership. Their work announced today with TPG and Google will accelerate their measurable impact and provide pathbreaking new approaches to the challenge of deep decarbonisation of digital infrastructure.” Sheldon Kimber (pictured right), founder and CEO of Intersect Power, said: “Bill and the CAI team’s understanding and commitment to Intersect’s mission has been there since our earliest days. “To have their continued support as we advance our vision with significant projects like we’re announcing today speaks to CAI’s deep understanding of the pathways for long term economic impact as we decarbonize the energy grid.” In July this year, Intersect Power closed two separate transactions representing an aggregate of $837 million of financing commitments for the construction and operation of three standalone battery energy storage systems (BESS) in Texas, each with a capacity of 320MWh. #energystorage #batterystorage #funding #finance #renewableenergy  

I'm incredibly excited to share that our newest report on private energy transition infrastructure, Infrastructure Funds Fuel the Energy Transition, has published!   A few findings I'd like to highlight: Commitments to private funds engaging in some degree of energy transition infrastructure investment reached a cumulative $892.0 billion from 2014 through H1 2024, driven by government net-zero commitments and stakeholder pressure to decarbonize portfolios. Specialist funds investing exclusively in energy transition infrastructure have proliferated in recent years, accumulating $235.5 billion in total commitments, as the opportunity set has continued to mature. The performance of private energy transition infrastructure has undergone a transformation over the past decade, with technological development and government subsidies contributing to the creation of a more attractive return profile over that period. If you want to learn more, you can download the report here: https://lnkd.in/g6ttpYxk Tremendous thanks go out to Sara Good and Zane Carmean, CFA, CAIA for extensive data work, Hilary Wiek, CFA, CAIA and Anna Doré for edits, and Julia Midkiff for design. #energytransition #renewableenergy #renewables #carbonneutral #netzero #infrastructure #sustainableinvesting

Acadia Infrastructure Capital and Microsoft have launched the Climate and Communities Investment Coalition to develop a $9 billion pipeline of renewable energy projects across the US. https://lnkd.in/eTjZ7d4s

US investor Acadia Infrastructure Capital and companies including Microsoft are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead told Reuters. Read more on https://lnkd.in/dPyKAEpN #OGNews

BlackRock’s Climate Infrastructure business has entered into a new renewables partnership with Google in Taiwan, including a capital investment from the tech giant into BlackRock’s portfolio company New Green Power 永鑫能源 (NGP). NGP will also offer Google the rights to procure up to 300 MW of solar power from the company’s solar development pipeline in Taiwan, as well as the opportunity to extend clean energy capacity to Google’s suppliers in the region. “As we witness growth in demand for digital services, powered by AI and data-centric technologies, it becomes imperative to invest in the infrastructure that not only supports this growth but also aligns with our strategy to invest in clean energy,” said David Giordano, Global Head of Climate Infrastructure at BlackRock. “This partnership is a testament to our shared commitment to driving the transition to a low-carbon economy.” Amanda Peterson Corio, Global Head of Data Center Energy at Google, added: “We’re aiming to reach net-zero emissions across our operations and value chain, supported by a goal to run on 24/7 carbon-free energy everywhere we operate. “The path to reach these goals is challenging, and requires both commercial efforts and broader energy systems change. We’re excited to partner with BlackRock and New Green Power to advance the build out of clean energy on Taiwan’s electricity grid.” The new BlackRock-Google partnership is expected to support the roll-out of NGP’s solar pipeline. NGP, which is is 100% owned by a fund managed by BlackRock’s Climate Infrastructure business, aims to build 1 GW of solar capacity in the coming years. “This is a pivotal moment for energy infrastructure in Taiwan,” remarked Ross Mackey, Portfolio Manager, Climate Infrastructure at BlackRock. “BlackRock’s Climate Infrastructure business is a leading investor in Taiwan’s solar industry and we are delighted to partner with Google to provide a scalable and sustainable energy solution for their operations in Taiwan.” #cleanenergy

Copenhagen Infrastructure Partners acquires majority stake in ABO Energy’s wind and hydrogen project Copenhagen Infrastructure Partners ABO Energy Karlis Povisils Dr. Karsten Schlageter #HydrogenCentral #HydrogenNews #Hydrogen #FuelCell #HydrogenEconomy #HydrogenMarket https://lnkd.in/dytVa-zF

Why Energy Infrastructure is Essential for Our Future 🔋 Challenge → Modern life demands reliable, resilient energy. ⚡ Solution? Invest in robust energy infrastructure: power generation, renewable sources, and extensive transmission networks. 💼 Result = Potential income-producing opportunities with long-term, stable growth potential. Read more about the strategic importance and investment opportunities in energy infrastructure in our latest research using the link below. https://bit.ly/3UjdpFA #EnergyInfrastructure #Investing #RenewableEnergy #PowerGrid #EconomicGrowth #InfrastructureInvestment #SustainableEnergy #FutureTech

Why Energy Infrastructure is Essential for Our Future 🔋 Challenge → Modern life demands reliable, resilient energy. ⚡ Solution? Invest in robust energy infrastructure: power generation, renewable sources, and extensive transmission networks. 💼 Result = Potential income-producing opportunities with long-term, stable growth potential. Read more about the strategic importance and investment opportunities in energy infrastructure in our latest research using the link below. https://bit.ly/40OImFE #EnergyInfrastructure #Investing #RenewableEnergy #PowerGrid #EconomicGrowth #InfrastructureInvestment #SustainableEnergy #FutureTech

Building the future, one massive project at a time. From bridges to renewable energy, infrastructure is the foundation of progress. With Oversite, you can track every detail in real-time, ensuring compliance, efficiency, and success from start to finish. - #InfrastructureInnovation #SustainableFuture #EngineeringMarvels #Oversite #CEI #ProjectManagers