Energy Impact Partners LLC announced the formation of its first strategic equity fund focused on investments that, "seek to optimize energy consumption and improve sustainable energy generation."

The fund’s first closing includes investments from energy industry leaders Southern Company, National Grid and Xcel Energy as limited partners, Energy Impact Partners said

We note two of those utilities, National Grid and Southern (upon completion of its acquisition of AGL Resources) operate utilities in states with retail choice

Energy Impact Partners intends to focus on the efficient consumption of energy and sustainable generation and distribution, such as:

• Smart buildings

• Smart grid

• Energy storage

• Distributed generation

• Connected sensors ‘The Grid of Things’

• Power management

• Data management and analytics

• Comprehensive energy services

EIP’s fund will invest in growth equity opportunities, companies with a proven product or service at the inflection point of their growth, and special situations involving targeted strategic sectors.

"EIP will work with its investors to adapt strategy to a changing energy landscape, to enable innovation, and to enhance operational excellence in utilities’ core businesses," Energy Impact Partners said

"Southern Company's focus on finding new, more efficient ways to meet customers' energy needs aligns with the objectives of this fund," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This strategic investment is an extension of our decades-long commitment to driving energy innovation to better serve our customers."

“We continue to focus on marrying the best innovation with rising customer expectations,” said National Grid CEO Steve Holliday, “and EIP will help advance that objective. Working with EIP will help us stay at the forefront of our changing industry and support us in providing safe, reliable and affordable energy for our customers.”

Tags:
Innovation   Deregulation  

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