EQT acquires energy storage system developer and operator ju:niz Energy, implementing EQT transition infrastructure strategy

• EQT (ST:) Transition Infrastructure builds on EQT’s experience supporting climate-related opportunities across a variety of strategies and over 15 years of investing in energy transition-related infrastructure.
• The strategy provides capital as well as industrial, technology and sustainability expertise to scale the business and support the transition to a decarbonized and climate-resilient future.
• ju:niz Energy (or the “Company”), a developer and operator of battery energy storage systems, is the first thematic investment in the strategy to be acquired with capital from EQT’s balance sheet.

stockholm, December 5, 2024 /PRNewswire/ —

Introducing the EQT Migration Infrastructure Strategy

EQT Transition Infrastructure aims to scale businesses that enable the transition to clean energy and a more resource-efficient circular economy across industries. investment in North America, Europeand Asia PacificThe strategy leverages EQT’s many years of industrial experience and deep sector expertise in building businesses, as well as extensive experience across energy and environment, transportation and logistics investments. This complements EQT’s existing value-add and active core strategies. 72 billion euros¹ Global infrastructure business. Since its establishment over 15 years ago, EQT Infrastructure I invested more than 17 billion eurosincluding co-investing in energy transition-related opportunities across 25 platform transactions.

This strategy is led by Jan VeselyHead of Migration Infrastructure, EQT new yorkand Assis EkanizHead of European EQT Migration Infrastructure madridhas the support of just over 130 people. EQT Infrastructure investment team. This strategy will be led by Francesco Staracewho joined EQT in 2023 from his position as CEO. energy (BIT:) is one of the world’s largest energy companies and a leader in the sustainable energy transition.

Francesco StaracePartner and Chair of EQT Migration Infrastructure. international energy agencyCurrently available technologies, combined with policy actions and investments, could achieve more than 80% of the emissions reductions needed by 2030. We are excited that EQT can expand access to scaling companies with established migration-related solutions. This is an additional area to our existing infrastructure strategy. We also see this as a milestone that deepens EQT’s partnership with our clients by offering a range of complementary offers that address the huge investments required for the transition to a low-carbon economy. Masu. ”

Jan VeselyPartner and EQT Head of Transition Infrastructure said: “The pace of technological innovation and steady cost reductions, combined with advances in digitalization and AI, continue to drive the need to transform energy systems and economies. Against this backdrop, EQT Transition Infrastructure supports emerging but proven solutions and business expansion to build the next generation of sustainable energy infrastructure.”

EQT invests in: infrastructure and private capital We offer climate-related opportunities from early-stage ventures to scale-ups and major acquisitions. Through these investments, we aim to help powerful companies address environmental challenges by driving growth, improving operations, and providing relevant solutions through products and services. EQT has helped 49 portfolio companies, representing 57% of its investment stocks, validate their short-term, science-based goals.²

ju:niz Energy becomes first investment in EQT transition infrastructure strategy
Head office location Aschheim, Germanyju:niz Energy develops, builds and operates utility-scale battery energy storage systems that comply with the latest technical standards. EQT will acquire the company from its founder, Dr. Franz Hauck.

Increasing dependence on renewable and intermittent energy sources, coupled with increasing electricity demand from industrial and residential electrification, requires solutions to strengthen the stability of the energy grid. Germany. As Europe’s largest electricity market with rapidly expanding renewable energy generation capacity, the country has great potential for energy storage infrastructure. In this context, ju:niz Energy is well-positioned to deploy utility-scale battery energy storage systems that support power grid stability and help advance decarbonization efforts.

EQT will help ju:niz Energy leverage its track record and first-mover advantage to expand its business model and become an independent flexible provider with increased asset ownership. This helps companies scale up the development of battery energy storage projects based on their experience across the value chain and successfully execute large-scale pipelines at different maturity levels.

Assis EkanizPartner and Head of EQT Transition Infrastructure Europe said: “The introduction of this strategy strengthens EQT’s commitment to investing for a climate-resilient future. ju:niz Energy is confident that EQT Transition Infrastructure will It’s a perfect example of the type of business we pursue.” We believe our innovative technology has strong economics and has the potential to help make our energy infrastructure cleaner, more affordable and resilient. . We look forward to partnering with your team on your next company launch. growth stage. ”

This transaction is subject to customary conditions and approvals. Advice received from EQT UBS (finance), gibson dunn & crutcher and norton rose fulbright (legal) and McKinsey (commercial).

contact
EQT Press Office, press@eqtpartners.com

¹ total (EPA:) Operating balance as of 3rd quarter 2024
²As of Q3 2024

This information was provided by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-introduces-the-eqt-transition-infrastructor-strategy-with-the-acquisition-of-energy-storage-sys,c4076178

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