Clean Energy | May 27, 2021

Blackstone’s ClearGen commits $500 million to build minigrids for commercial users

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 27 – Many building owners and operators want to take control of their energy supply, but on-site microgrids require significant capital outlays. Blackstone’s portfolio company ClearGen is backing Schneider Electric and impact investment firm Huck Capital to launch GreenStruxure to help commercial and industrial users transition to clean energy by covering the upfront costs (see, and hear, “Shutdown accelerates shift to digitized, decentralized, decarbonized electricity”).

Schneider previously teamed with Carlyle Group to launch AlphaStruxure, which builds microgrids for airports, ports and other large facilities.