ImpactAlpha, Jan. 25 – Generate is an investor, owner and operator of green infrastructure, from community solar systems and municipal wastewater treatment to electrifying fleets. The San Francisco-based public benefit corp.’s latest funding round, disclosed in an SEC filing, comes as a wave of U.S. government funding from last year’s infrastructure and climate bills starts to flow.
“If we care about solving climate change in the time frame that is given us, we have to deploy, deploy, deploy the solutions we have today,” Generate’s Scott Jacobs told ImpactAlpha in 2021, when the firm received a $2 billion balance sheet investment led by AustralianSuper and QIC. That investment followed a $1 billion raise in 2020.