A joint venture of energy management company Schneider Electric and Huck Capital, a power sector investment firm, has announced a partnership with energy infrastructure developer ClearGen to build and operate standardized on-site renewable energy microgrid systems.
The deal made public May 25 is designed to “accelerate the ability for commercial and industrial customers to transition to cost-effective, sustainable and resilient energy,” according to the companies. GreenStruxure, the joint venture of Schneider Electric and Huck Capital, will develop and operate the microgrids. ClearGen, a portfolio company of Blackstone Credit, on Tuesday said it will commit as much as $500 million to the undertaking.
