Climate Adaptive Infrastructure and DigitalBridge Announce $300 Million Decarbonization Partnership
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CAI to Deploy up to $300 Million to Accelerate Digital Infrastructure Transition to Net Zero
Initial Investment in Switch, Leading Operator of Renewable Powered Data Centers
Climate Adaptive Infrastructure and DigitalBridge Group, Inc. announced a decarbonization partnership to accelerate the Digital Infrastructure ecosystem’s transition to Net Zero. CAI, an infrastructure investment firm specializing in low-carbon real assets in the energy, water and urban infrastructure sectors will work with DigitalBridge to identify, develop and invest in sustainability-focused initiatives and projects that complement DigitalBridge’s existing and future investments.
As part of the partnership, CAI has allocated up to $300 million of capital to support strategic opportunities identified by CAI and DigitalBridge. CAI’s first investment under the initiative is in Switch, a 100% renewable powered data center platform, which a DigitalBridge-managed investment entity acquired last year. In addition, the parties have identified other potential investment opportunities within the DigitalBridge portfolio that address measurable decarbonization and water and energy resilience.
See related article: Climate Adaptive Infrastructure Raises Over $1 Billion for Low-Carbon Assets in Energy and Water
As a thought leader in the climate adaptive infrastructure industry, CAI will work with DigitalBridge to implement technologies from within and beyond the DigitalBridge portfolio. These include deployment of utility-scale solar and wind, low-impact hydro, electrochemical and pumped storage, water conservation and re-use, renewable biodiesel and green hydrogen, as well as the advanced climate impact measurement strategies developed by CAI. These projects, which may be financed, built, owned and operated by CAI, are expected to support DigitalBridge’s Net Zero 2030 commitment, and to drive economic efficiency across the DigitalBridge digital ecosystem.
“The DigitalBridge team is broadly recognized for their success in the sector and, through this initiative, continues to demonstrate forward thinking around further decarbonizing their ecosystem,” said Bill Green, Managing Partner of CAI. “We are excited to be launching this innovative partnership with DigitalBridge.”
“We are pleased to partner with Bill and the entire CAI team to accelerate DigitalBridge’s path towards a more sustainable digital infrastructure ecosystem,” said Marc Ganzi, CEO of DigitalBridge.