Private equity and venture capital investor EQT Group announced today the distributed energy company Scale Microgrids through its recently launched Transition Infrastructure strategy, from Warburg Pincus and other shareholders.

Founded in 2016, New Jersey-based Scale Microgrids is a vertically-integrated energy company, providing services including designing, building, operating, and financing on-site energy systems, enabling the delivery of cheaper, cleaner, and more resilient power for customers in sectors ranging from commercial & industrial, EV fleet, and data center, to municipal, university, hospital, and agriculture, and developers and communities.

The company portfolio consists of approximately 250 MW of operating and in-construction assets, and an additional 2.5 GW of near-term pipeline, including technologies such as solar, battery storage, natural gas generators, fuel cell and combined heat and power.

Ryan Goodman, CEO of Scale Microgrids, said:

“Today marks the start of an exciting new chapter for our company. EQT brings a depth of experience, resources, and capital that will enable us to continue pursuing our vision to power the world with distributed energy. I’m incredibly proud of what our team has built, and believe this transaction will enable us to unlock even greater opportunities for the customers, employees, and communities we serve.”

The acquisition follows the launch of EQT’s Transition Infrastructure strategy in December 2024, aimed at investing in and scaling companies enabling the transition to a low-carbon and circular economy across industries. The transaction is the second for the new strategy, following the acquisition of Germany-based battery energy developer ju:niz Energy, and its first in North America.

EQT said that it will support Scale Microgrids’ growth, with a focus on strategic investments, including incremental capital, in the company’s commercial processes, software systems, and project execution capabilities.

Jan Vesely, Partner and Head of EQT Transition Infrastructure, said:

“We are thrilled that Scale Microgrids will become EQT Transition Infrastructure’s first investment in North America, underscoring our commitment to driving the energy transition globally and supporting a decarbonized and climate-resilient future while addressing the accelerated electricity demand in North America. We see enormous potential to accelerate Scale’s growth and establish it as one of the market’s leading vertically integrated energy companies.”