Grid Flexibility & Resilience

Blackstone Credit and ClearGen, a Blackstone Credit portfolio company, in the formation of a strategic partnership between ClearGen and GreenStruxure, a Schneider Electric and Huck Capital joint venture, to develop, own and operate up to $500 million of renewable energy microgrid systems for C&I customers

Energy Vault in a ~$28 million loan and subsequent note purchase to finance the Calistoga Resiliency Center project, the largest utility-scale, ultra-long duration energy storage facility in the world with innovative hybrid green hydrogen and lithium-ion battery energy storage that works in conjunction with fuel cells to provide instantaneous, stable power supply to Calistoga, California, including the sale of the project’s investment tax credits

Greenflash Infrastructure in the negotiation of an EPC agreement, BESS equipment supply agreement and licensing agreement for two separate 200MWac battery energy storage projects (ongoing)

Developer in the development, financing and construction of integrated behind-the-meter power generation, cooling, and thermal energy storage facilities to be co-located with a hyperscale data center under development in West Texas (ongoing)

Stonepeak in its $340 million acquisition from Repsol of a 46.3% interest in a 777 MW portfolio of operating solar and battery storage projects located in New Mexico and Texas

SolarCity in the largest solar distributed generation tax equity transaction in history, funding over $1 billion in solar and battery storage projects

Energy Vault in an approximately $18 million project financing of the 57 MW/114 MWh Cross Trails BESS project located in Snyder, Texas

Represent a developer of data center facilities with all issues related to installation of behind-the-meter distributed generation facilities and power purchase arrangements with a global software company (ongoing)

Carlyle in its $350 million investment in Aspen Power Partners, a distributed generation platform with the mission of accelerating decarbonization

Madison Energy Investments LLC and its sponsor, EQT Partners, in the upsizing of an existing $250 million construction-to-back leverage term loan facility to $450 million to support portfolios of distributed photo-voltaic solar energy generation and storage projects

Major financial institution in the $118 million tax equity financing of an approximately 200 MW solar photovoltaic facility and 80 MW battery storage project in Texas

Goldman Sachs’ Alternative Energy Investing Group in the formation of a joint venture with TELOS Clean Energy to develop, construct, own, and operate distributed solar power projects

Goldman Sachs in a $250 million preferred equity financing commitment to Hydrostor, a leading long-duration energy storage solution provider

SUSI Partners AG in a joint venture with SMT Energy to develop, own and operate multiple battery energy storage systems in the United States, including 10 battery energy storage system in South Texas with a combined capacity of 100 MW

National Renewable Solutions, LLC in the negotiation of an Engineering, Procurement and Supply Contract with GridWorks, Inc. for the development of a 140 MW photovoltaic solar generating facility and 200MW battery energy storage system  and the negotiation of a Megapack Supply and Installation Agreement with Tesla, Inc. for 200 MW of grid-scale storage

Palmetto Solar, in partnership with Generac Power Systems, in securing a $200 million Department of Energy grant to install, own, and operate residential solar projects in Puerto Rico

Broad Reach Power, a portfolio company of EnCap Energy Transition Fund, in the acquisition of two ~100MW in-development battery storage projects in Texas from Plus Power

Quinbrook Infrastructure Partners in the acquisition of Glidepath Power, a developer of battery storage and renewable energy projects

Duke Energy in regulatory matters related to the development of the first commercial-scale energy storage facility in Texas, and in numerous regulatory matters related to ongoing operations at the facility

Clean Line Energy Partners in the sale of its non-transmission development assets, including its interests in a 600 MW wind project and a series of utility-scale wind and battery storage development projects to ConnectGen, a portfolio company of Quantum Energy Partners

Apollo Global Management in an investment in a strategic partnership with Johnson Controls (NYSE: JCI) that will provide sustainability and energy efficiency services to help customers address decarbonization and operating cost goals for their buildings

Accelerate Real Asset Management in a $500 million joint venture with an institutional investor to acquire real estate and royalty interests associated with utility-scale solar, wind and energy storage facilities

Duke Energy in the upgrade of its Notrees wind farm battery system, including negotiations with Samsung SDI America for the provision of new batteries and Younicos for installation and service of the energy storage management system

Apollo Global Management in a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the U.S. and globally

Major institutional investors as a tax equity investor in the financing of a 460MW combined photovoltaic (PV) solar and battery storage facility in ERCOT, a portion of the output of which is to be sold under a hedge with the balance of the energy and the storage component being utilized on a merchant basis

Advanced Microgrid Systems in the $50 million sale of existing and future solar storage and storage-only projects to 38 Degrees North for its joint venture with John Hancock

Electric utility in the applicability of reliability standards and maintaining compliance with those standards