Good morning, Hubsters. Senior reporter Michael Schoeck here with the US edition of the Wire from the New York newsroom. In honor of Climate Week NYC taking place through September 29, we’ve got two items to showcase today involving sustainability themes. The first is a deep dive into Energy Capital Partners’ most recent investment in a natural gas power plant service provider, OEM and asset owner. The second is an excerpt from a meeting PEI journalists attended yesterday with Generate Capital president Bill Sonneborn about the sustainability investor’s election year outlook and new investment opportunities. In AI developments, we’ll highlight an article about AI involving Investcorp’s GP’s group utilizing a suite of alternative technologies from a start-up, DiligentIQ, which was formed by KKR alum Ed Brandman. Let’s start off with a deep dive into a conventional power company looking at a cleaner future. Clean Peakers Hydrogen as a power source and carbon capture technologies used in simple-cycle natural gas power generation, or “peakers” as they’re commonly called, came up as factors behind Energy Capital Partners’ (ECP) early September majority acquisition of ProEnergy Holdings, an operations and maintenance provider and original equipment manufacturer supplier to the independent power producer market. Sign up for the premium version of the Wire to read more. Climate Week In conjunction with Climate Week NYC, sustainable investment and operating platform Generate Capital invited PEI Group journalists to meet at the firm’s New York office. One of the investment firm’s three key tenets is infrastructure-as-a-service, in which multiple distributed energy, HVAC or other energy efficiency solutions are deployed across portfolio companies’ client base, Generate president Bill Sonneborn said. Sign up for the premium version of the Wire to read more about sustainability developments. GPs harness AI Investcorp’s GP stakes division and some of its portfolio companies are using AI software from a start-up founded by a former KKR partner to enhance their due diligence work. The sponsor revealed to Private Funds CFO’s Tom Auchterlonie that it has been a customer of DiligentIQ, a generative AI company that was launched by Ed Brandman. Sign up for the premium version of the Wire to read more. That’s a wrap for me today. Stay tuned for Irien Joseph bringing you the Europe edition of the Wire tomorrow and Obey Martin Manayiti delivering the US edition. Cheers, Michael Read the full Wire commentary on PE Hub ... |