Ryan Hanley’s Post

💥 NEW INVESTMENT IN RENDESCO (UK), a leading company in low-carbon heating solutions I am very excited to share the news that we have invested and partnered with RENDESCO, a company that provides low-carbon heating solutions for commercial and residential buildings, with strong expertise in geothermal energy. 🌍 This is the THIRD INVESTMENT IN THE UK for our Climate & Smart City fund, strengthening EURAZEO pan-European leadership in the climate investment space. 🎯 Investment fully aligned with our IMPACT strategy : we catalyze the development of scalable solutions that positively impact cities by offering alternatives lowering GHGs emissions or allowing carbon capture ✅ Another CLIMATE DEVELOPMENT PLATFORM in our fund that ticks all boxes: 1/ Combining economic and environmental benefits for all stakeholders to drive growth, value and impact at the same time 2/ Mastering mature and competitive industrial climate technologies 3/ Concretely using AI & digital technologies to optimize all operations (design, installation, maintenance) and create maxi-leverage on human resources and expertise 4/ Partnering with the institutional financing community to scale and overcome the initial required capital costs 5/ Stellar entrepreneurial & ambitious team    Please join me in congratulating Rendesco on this milestone, and in wishing them all the best for their future endeavors. Alastair Murray Joe Catton : looking forward to this joint adventure ! #EURAZEO #CLIMATE #IMPACT Christophe BAVIERE William Kadouch-Chassaing Sophie Flak Benoist Grossmann Matthieu Baret Matthieu Bonamy Julien Mialaret Alice Besomi Ernest Xue Raphael Cattan Maryam Mahla Amicie Favre Antoine Daviaud Timothée Allez Thibaud Delplancke Eurazeo

🌟 Axle has raised a $9M Seed round, led by Accel, to decarbonise the power grid 🌟 We’re on a mission to kick fossil fuels off the grid. This’ll require immense amounts of renewables; it’ll also require a new software architecture to tap into the flexibility of EVs, batteries, and other devices to keep the grid humming when the sun isn’t shining and the wind isn’t blowing. The scale of the challenge is immense - and we’re fortunate to be backed by a group of investors with the track record to match. In addition to Accel and existing investors Picus Capital and Eka Ventures, we’re supported by a team of founder-angels (and a former F1 World Champion!) who knows what it takes to hit the track and take pole position. If you’re motivated to join a world-class team tackling the planet’s most pressing problem, reach out - we’re hiring. Read more from TechCrunch’s Natasha Lomas here: https://lnkd.in/gxNFp89x

Gore Street Capital's CEO is sharing his insights on the fund's diversification strategy, considering different trading structures, procurement models and best in class batteries. Definitely worth a listen. #batteryenergystorage #batterystorage #energytransition

Corran Capital takes stake in Vital Energi after SEP exit Scottish private equity firm Corran Capital has acquired a 30% stake in Vital Energi from Scottish Equity Partners. Vital Energi is UK heat infrastructure company specializing in low-carbon heat networks. This move aims to accelerate Vital Energi's growth, allowing it to expand into new markets and technologies, including solar, battery and heat storage, and electric vehicle charging. The investment is part of an £80 million fund by Corran to support UK renewable energy entrepreneurs, with institutional investors like Strathclyde Pension Fund and Lexington Partners backing the deal. Gary Fielding, Founder and Chair, Vital Energi Gary Le Sueur, Founding Partner, Corran Capital Lucy Graham, Partner, Corran Capital

Exciting News in the Investment Landscape! 🚀 Blackstone Inc. has entered the game with a strategic move, acquiring a substantial stake in Archrock, Inc. (NYSE:AROC). The recent investment, totaling approximately $1.7 million, underscores the attractiveness of the energy sector. With 136,905 shares in their portfolio, Blackstone's move adds an interesting dynamic to the market. Archrock, currently trading at $18.24, is gaining attention as investors recognize its potential for positive growth. Analysts are closely monitoring this development, and Archrock's decision to boost its quarterly dividend adds an extra layer of optimism. Exciting times ahead for both Archrock and Blackstone! 📈💼 #Investment #Archrock #Blackstone #EnergySector #FinancialNews https://lnkd.in/eGnNFs67

Really interesting perspective on opportunities for software to add value with respect to interconnection and grid data. Great article Erin Kirton!

BESS projects are popping up everywhere.

We are excited to share our 2023 Annual Shareholder Letter to our new investor relations site. As a private company, we are not required to share. However, we believe that a healthy ecosystem floats all boats in our space, and we are here to share learnings and success with other clean energy businesses so that they can rise with us. We believe that 2024 will be a breakout year for Palmetto for three key reasons: 1. Unparalleled, profitable growth: We're building long-term revenue streams and carefully managing costs to achieve an industry-leading OPEX-to-revenue ratio. Growing profitably even in a downturn proves our strategic foresight and ensures we're well-positioned for the future. 2. Goodbye ways of the previous decade+, welcome to Cleantech 2.0: We're leading the charge into the 2.0 era, defined by constant innovation, exceptional customer experiences, and an unwavering commitment to compliance. We'll achieve this by reinvesting in technology, expanding our service business, doubling down on consumer financing, and launching two exciting new ventures to be announced later this spring and summer. 3. Digital+ revolution: Our new Digital+ channel cuts costs by up to 50% for consumers, while improving conversion rates and customer satisfaction. Affordability and a seamless experience are crucial for cleantech adoption, and we're committed to leading the way. We see a bright future ahead, built on strong relationships with our customers and partners. Our team is united behind our Long Range Plan, and we're confident we'll deliver outstanding financial results despite the evolving market. A special thanks to our MVPs! This year, we want to recognize two individuals who embody our values: Mari King and Leonardo Rodriguez. Mari championed onboarding and compliance efforts in our finance business with intent focus on outcomes, while Leo navigated a number of complex pipeline challenges with a customer-first approach. They're both shining examples of what makes Palmetto great. Finally, a huge thank you to our entire team for their hard work and dedication. Your agility and resilience during a challenging year were truly inspiring. Remember, operations are the heart of cleantech, and your efforts ensure we deliver happiness to our customers while building quality assets. Together, we're not just building a company, we're building a cleaner future. Onwards and upwards, The Palmetto Team P.S. We're doubling our carbon emission reductions this year and continuing our mission to lead the world towards a clean energy future. Let's go! https://lnkd.in/eTCeS-3d

Blackstone sees a “significant” increase in demand from its limited partners for investing in the energy transition, Juergen Pinker, a senior managing director in the private equity group, told PE Hub Europe in the latest of our outlook pieces for the second half of 2024. Check out the full story to find out the key trends shaping the energy transition, Pinker's highlights from the first half of the year, as well as his dealmaking expectations for the coming months. #LPs #energytransition #privateequity #cleanenergy

Check out the latest story from New Private Markets #NPM #PrivateMarkets #Climate #ClimateSolutions #Fundraising #Infrastructure #PrivateEquity