EQT announced that EQT Transition Infrastructure has agreed to acquire Scale Microgrids, a developer, buyer, owner and operator of microgrids and distributed energy resources for commercial and 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 approximately 250 MW of operating and under-construction assets, with an additional 2.5 GW of near-term pipeline. Scale deploys a variety of technologies, including solar, battery storage, natural gas generators, fuel cells and cogeneration, 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 under its recently launched Transition Infrastructure strategy, which focuses on 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 first investment in ju:niz Energy, a developer and operator of battery energy storage systems.
“Today marks the beginning of an exciting new chapter for our company,” said Ryan Goodman, CEO of Scale Microgrids. “EQT brings deep experience, resources and capital that will enable us to continue pursuing our vision of powering the world with distributed energy. I am 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
