EQT announced that EQT Transition Infrastructure has agreed to acquire Scale Microgrids, a developer, acquirer, owner and operator of microgrids and distributed energy resources for commercial & industrial, EV fleet, data center, municipal, university, hospital and agricultural customers, developers and communities, from Warburg Pincus and other existing shareholders.
Headquartered in Ridgewood New Jersey, Scale’s portfolio consists of roughly 250 MW of operating and in-construction assets, with another 2.5 GW of near-term pipeline. Scale deploys a variety of technologies including solar, battery storage, natural gas generators, fuel cell and combined heat and power, and its portfolio represents one of the largest pure-play microgrid portfolios in the United States.
The transaction marks EQT’s first North American investment out of its recently launched Transition Infrastructure strategy, which is aimed at scaling businesses that enable the transition to clean energy and a more resource-efficient, circular economy. In December 2024, EQT announced the launch of the strategy and its inaugural investment in ju:niz Energy, a battery energy storage system developer and operator.
“Today marks the start of an exciting new chapter for our company,” said Ryan Goodman, CEO of Scale Microgrids. “EQT brings a depth of experience, resources and capital that will enable us to continue pursuing our vision to power the world with distributed energy. I’m incredibly proud of what our team has built, and believe this transaction will enable us to unlock even greater opportunities for the customers, employees, and communities we serve.”
The transaction is subject to customary conditions and approvals.
EQT was advised by Weil, Gotshal & Manges (legal) and Guggenheim Securities (financial). Scale Microgrids was advised by Latham & Watkins (legal), Nomura Greentech (financial) and Truist Securities (financial).
News item from EQT Transition Infrastructure
