NEW YORK, Dec. 23, 2021 /PRNewswire/ -- Eolian, a portfolio company of Global Infrastructure Partners (GIP), today announced the acquisition of all remaining outstanding interests in joint venture development portfolios of energy storage projects managed by Able Grid Energy Solutions. Contact online >>
NEW YORK, Dec. 23, 2021 /PRNewswire/ -- Eolian, a portfolio company of Global Infrastructure Partners (GIP), today announced the acquisition of all remaining outstanding interests in joint venture development portfolios of energy storage projects managed by Able Grid Energy Solutions.
This transaction expands on GIP''s global renewables investment strategy, which has a proven track record of value creation. GIP''s current portfolio includes approximately $9 billion of equity investments and commitments in the sector, and ownership interests in over 14 GW of operating renewable assets and approximately 100 GW under construction or in development.
Barnaby Olson, CEO of Able Grid, said: "Since we founded Able Grid five years ago, our team has worked tirelessly to progress the development of standalone energy storage projects as a critical component of grid reliability and as a new source of power market attributes and services that are required to advance decarbonization through increased electrification and a more resilient and flexible electric grid. As our diverse project portfolio is constructed in the coming years, our vision of the grid of the future will be realized."
Aaron Zubaty, CEO of Eolian, added: "Eolian was specifically formed in collaboration with a global leader in infrastructure to accelerate the commercialization of the energy storage and renewable energy development assets that we had meticulously created with our partners. We are extremely proud of what the Able Grid team has accomplished with their efforts to date. This transaction will build on years of collective work with Able Grid management and employees to create a market for standalone energy storage projects throughout the US."
Eolian, L.P. ("Eolian") owns and operates a growing portfolio of energy storage projects and invests in the most experienced renewable energy development teams in the U.S. For nearly 20 years, Eolian''s founding management has worked together to build the assets at the core of the company, creating unique and proprietary structures that have directly funded the development of more than 20,000 MW of successfully operating energy storage, solar and wind generating capacity across the country.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It''s also easy to share a link to an article you''ve liked or an industry resource that you think would be helpful.
About Able grid energy
As the photovoltaic (PV) industry continues to evolve, advancements in Able grid energy have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Able grid energy for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Able grid energy featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
