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- Strategic Expansion: EQT’s acquisition of Scale Microgrids marks its first North American investment under its Transition Infrastructure strategy.
- Growth and Resiliency: Scale’s assets aim to address grid challenges, enhance energy resilience, and support decarbonization.
- Enhanced Resources: EQT will provide significant investments to bolster Scale’s operations, including its tech platform and project execution capabilities.
EQT Transition Infrastructure has announced its acquisition of Scale Microgrids, a leading North American developer, owner, and operator of distributed energy systems, from Warburg Pincus and other shareholders.
Why it matters:
This marks EQT’s second investment in the clean energy space since launching its Transition Infrastructure strategy, following its December investment in ju:niz Energy, a battery energy storage company.
Key Details:
- Scale’s Portfolio: Based in Ridgewood, New Jersey, Scale manages 250 MW of operating and in-construction microgrid assets and has an additional 2.5 GW pipeline.
- Technology Mix: Scale’s projects integrate solar, battery storage, natural gas generators, fuel cells, and combined heat and power systems.
- Market Focus: The company supports commercial, industrial, EV fleet, data centers, municipalities, hospitals, and agricultural operations.
Leadership Insight:
Jan Vesely, Partner and Head of EQT Transition Infrastructure, stated: “We are thrilled that Scale Microgrids will become EQT’s first North American investment, underscoring our commitment to driving the energy transition globally and supporting a decarbonized and climate-resilient future.”
Ryan Goodman, CEO of Scale Microgrids, added: “EQT’s experience and resources will enable us to further our vision of powering the world with distributed energy. This transaction opens new opportunities for our customers, employees, and the communities we serve.”
The Bigger Picture:
Scale addresses growing grid challenges, such as rapid data center load increases, fleet electrification, and frequent outages. Its distributed energy solutions enhance resilience and provide predictable power at lower costs compared to traditional grid services.
Related Article: EQT Launches New Transition Infrastructure Strategy, Begins with ju:niz Energy Buyout
Ryan Dalton, Managing Director at Warburg Pincus, noted: “Scale’s growth over the past five years has established it as a leader in next-generation power infrastructure. We’re excited to see the company’s continued success with EQT.”
Next Steps:
EQT plans to make strategic investments in Scale’s commercial processes, software systems, and project capabilities to position it as a leader in the high-growth distributed energy market.
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