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ClearGen, the Blackstone Group sustainability fund, will commit up to $500 million in partnership with GreenStruxure, a joint venture of Schneider Electric and Huck Capital, to develop renewable energy microgrid solutions for commercial and industrial customers.
GreenStruxure launched in September 2020 and offers no-money-down, modular microgrids installed on-site as part of an energy-as-a-service model. The microgrids serve a variety of users, including small- and medium-sized industrial facilities, schools, hotels and other commercial facilities.
Through the partnership announced on Tuesday, ClearGen will provide capital and financial expertise, including navigating tax incentives and other market incentives. “This allows us to operate seamlessly for the client as an integrated unit, with transparency and some trusted brand names,” said Clark Wiedetz, chief sales officer for GreenStruxure.