EQT Acquires Scale Microgrids for Transition Strategy

EQT Transition Infrastructure, part of the Swedish investment firm EQT, has announced its acquisition of Scale Microgrids from Warburg Pincus and other shareholders. This deal, valued between $300 million to $500 million, marks EQT's first North American investment in its newly launched Transition Infrastructure strategy aimed at promoting clean energy and a circular economy. Scale Microgrids, based in Ridgewood, New Jersey, operates a significant portfolio of approximately 250 MW of assets and has a 2.5 GW near-term pipeline, utilizing various technologies like solar and battery storage. EQT plans to support Scale’s growth through strategic investments in its operations and project execution capabilities. The acquisition reflects the increasing demand for distributed energy solutions amidst rising electricity needs in the U.S., particularly for sectors such as data centers and electric vehicle fleets. This transaction follows EQT's earlier investment in the German company ju:niz Energy, further establishing its focus on the energy transition market.