Antin Invests in PearlX, an Innovative US Smart Grid Infrastructure Platform
17 Februar 2023 - 07:00AM
Business Wire
PearlX marks the first investment in North
America for Antin’s NextGen platform and is positioned to play a
key role in US decarbonization initiatives
Regulatory News:
Antin Infrastructure Partners (Paris:ANTIN) announced today that
it has invested in a majority stake in PearlX, an owner and
operator of fully integrated smart grid infrastructure systems.
PearlX provides an innovative solution that decarbonizes existing
multi-family rental properties and provides residents with cheaper,
cleaner, and more reliable energy.
PearlX, founded by Michael Huerta and Peter Mendonez in 2019, is
the first mover of scale of smart grid infrastructure in the US
multi-family residential housing segment. Through a proven
state-of-the-art solution combining rooftop solar panels, communal
battery storage and community electrification, PearlX works with
landlords to optimize their “energy estate”. This provides renters
with backup power and bill savings, and landlords with new income
streams, community amenities and improved ESG performance.
The investment will be deployed to scale up the team and
platform, execute on a robust pipeline of solar and storage
systems, and continue to expand electrification offerings to
underserved multi-family rental communities in California, Texas,
and across the US. As the first US investment of Antin’s NextGen
platform, PearlX joins a unique portfolio that includes SNRG, a
UK-focused smart grid platform, and two European electric vehicle
charging platforms, Power Dot and RAW Charging.
Michael Huerta, PearlX co-founder and CEO stated: “Antin’s
investment in PearlX along with our management team’s experience in
renewable energy and community solar provides a world-class
foundation for our shared vision of smart grid infrastructure
platforms. We are excited to partner with Antin to scale our
solution and deliver cleaner, resilient, and more accessible energy
solutions to additional middle-to-lower income rental
communities.”
Nathalie Kosciusko-Morizet and Rakesh Shankar, NextGen Partners
at Antin commented: “PearlX fully aligns with NextGen’s mission of
identifying and building tomorrow’s sustainable and connected
infrastructure landscape. We look forward to working with the
exceptional PearlX team to further these important goals.”
About PearlX
PearlX is a smart-grid, clean electrification company that owns
and operates renewable energy infrastructure. PearlX’s mission is
to provide energy accessibility, protection and affordability for
multifamily renters across the United States. The company partners
with multifamily landlords to deploy future-proof infrastructure
and create economic benefits for communities. As families
increasingly face climate-linked adversity including blackouts,
higher temperatures and more extreme weather events, PearlX seeks
to restore resilience and reliability.
About Antin Infrastructure
Partners
Antin Infrastructure Partners is a leading private equity firm
focused on infrastructure. With over €30 billion in assets under
management across its Flagship, Mid Cap and NextGen investment
strategies, Antin targets investments in the energy and
environment, digital, transport and social infrastructure sectors.
With offices in Paris, London, New York, Singapore and Luxembourg,
Antin employs approximately 200 professionals dedicated to growing,
improving and transforming infrastructure businesses while
delivering long-term value to portfolio companies and investors.
Majority owned by its partners, Antin is listed on Euronext Paris
(Ticker: ANTIN – ISIN: FR0014005AL0).
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Media Contacts
Antin Infrastructure Partners Nicolle Graugnard,
Communication Director Email: nicolle.graugnard@antin-ip.com
Ludmilla Binet, Head of Shareholder Relations Email:
ludmilla.binet@antin-ip.com
Brunswick Email: antinip@brunswickgroup.com Tristan
Roquet Montegon +33 (0) 6 37 00 52 57 Gabriel Jabès +33 (0) 6 40 87
08 14
PearlX Infrastructure Jimmy Benjamin, Market Research and
Development Associate Email: jkb@pearlxinfra.com
Incus Media Email: miguel.afonso@incus-media.com Miguel
Afonso +44 (0) 1737 215 200
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