Energy Storage

The Green Credit Fund I (CI GCF I) launched by Copenhagen Infrastructure Partners is the firm’s first‑ever private debt fund, designed to provide subordinated project‑finance loans for late‑stage renewable energy infrastructure. With a target size of approximately €1 billion, the fund achieved its final close in August 2023, backed by a global base of institutional investors spanning the Nordics, Europe, North America and select Asia‑Pacific jurisdictions. CI GCF I is structured to invest both in green‑field and brown‑field assets in the energy transition space. Technology areas include offshore and onshore wind, solar PV, biomass, energy storage, and transmission assets. The underlying premise is to deliver attractive risk‑adjusted returns via subordinated debt capital, while offering diversification and lower correlation to traditional equity markets. Geographically the fund focuses on OECD markets — primarily Europe and North America — with the flexibility to invest in carefully selected jurisdictions in the Asia‑Pacific region. The fund emphasises direct investments, but retains the ability to participate in risk‑sharing transactions arranged alongside developers or other capital providers. By stepping into the private credit niche for renewable infrastructure, CI GCF I offers institutional investors a novel exposure to the decarbonisation theme, leveraging the sponsor’s track‑record in energy infrastructure. It is positioned to address the growing financing gap in the energy transition, by deploying subordinated debt in mature projects where there is a clear cash‑flow and visibility, yet where incremental capital is needed to bridge risk.

The Decarbonization Partners Fund I focuses on investing in late-stage venture capital and growth private equity for next-generation companies that support the acceleration of decarbonization and the transition to a net-zero economy. The fund has attracted a diverse set of over 30 institutional investors representing 18 countries, including public and private pension funds, sovereign wealth funds, insurance companies, and corporates and family offices across North America, Europe, and Asia Pacific. The diversity and depth of the investor base reflect the global nature of the opportunity around climate investing, directly aligning with Decarbonization Partners’ global focus. The Fund’s target investments include companies that drive intentional, material, and measurable decarbonization outcomes. It invests in companies with de-risked technologies that are ready to scale and can benefit from BlackRock and Temasek’s complementary platforms and deep access. The Fund’s investments span several innovative decarbonization technologies, including sustainable materials, clean hydrogen, science-based carbon management services, low-emissions battery recycling, EV fleet management, and thermal energy storage for industrial applications. The partnership aims to invest in companies that provide solutions and technologies to help accelerate global efforts to achieve a net-zero global economy by 2050. The sectors targeted for investment include Carbon Capture, Storage and Utilization, Bio and Low Carbon Products, Next Generation Energy, Advanced Mobility, Carbon Management Services, and Digital Transformation. The team has built a robust pipeline of proprietary deal flow and intends to continue executing on this in the coming months. The Decarbonization Partners team, which has grown to over 25 members, includes experienced venture capital and growth equity investment and portfolio management professionals across offices in New York, San Francisco, Singapore, London, Paris, and Houston. The team was intentionally constructed to provide portfolio companies with trusted value-add partners who bring significant technical and operational experience to the table.

Macquarie’s Green Energy Transition Solutions Fund (MGETS) is a closed‑ended vehicle designed to deploy capital into technologies and infrastructure that go beyond traditional renewables. It targets growth‑stage companies offering decarbonisation solutions in sectors such as energy storage, distributed energy, clean transport, renewable fuels, carbon capture, and circular economy. At final close, MGETS surpassed its initial $2 billion target, raising over $2.4 billion in fund commitments and $647 million in co‑investment, for a total capital pool exceeding $3 billion. Over 65 % of that capital has already been committed across 12 investments spanning multiple geographies and technology domains. The fund targets a net IRR of 13 % to 15 %. It seeks companies that balance growth potential with infrastructure‑like characteristics, backing opportunities that are scaling and de‑risked yet operate in the next wave of energy transition technologies. MGETS has built a diversified portfolio including names like Eku Energy (battery storage), SkyNRG (sustainable aviation fuel), Verkor (EV battery manufacturing), and Calibrant Energy (distributed energy). Its geography‑agnostic approach allows deployment across Europe, North America, Asia‑Pacific, and beyond.

Mirova Energy Transition 6 (MET6) is the sixth investment vehicle of Mirova, an affiliate of Natixis Investment Managers focused on sustainable infrastructure and renewable energy. The fund seeks to invest in proven clean‑energy technologies—including onshore and offshore wind, photovoltaics, hydropower, energy storage and efficiency solutions—while also supporting low‑carbon mobility and hydrogen infrastructure. With a target size of up to €2 billion, MET6 aims primarily at European infrastructure markets, but remains open to investments in other OECD countries, leveraging Mirova’s strong relationships with developers and its flexible investment approach of taking majority or minority stakes, and deploying equity or subordinated debt. The fund builds on Mirova’s prior energy‑transition funds and draws on a dedicated infrastructure team with decades of investments behind it. The strategy positions itself to help accelerate decarbonisation across the energy value‑chain by backing both project promoters and platform scale‑ups throughout full project life‑cycles. MET6 is aimed at institutional investors seeking both financial returns and positive environmental impact, offering a means to deploy capital into resilient energy transition infrastructure aligned with global net‑zero ambitions.