CAI to Deploy up to $300 Million to Accelerate
Digital Infrastructure Transition to Net Zero
Initial Investment in Switch, Leading Operator
of Renewable Powered Data Centers
Climate Adaptive Infrastructure (“CAI”) and DigitalBridge Group,
Inc. (NYSE: DBRG) (“DigitalBridge”) today announced a
decarbonization partnership to accelerate the Digital
Infrastructure ecosystem’s transition to Net Zero. CAI, an
infrastructure investment firm specializing in low-carbon real
assets in the energy, water and urban infrastructure sectors will
work with DigitalBridge to identify, develop and invest in
sustainability-focused initiatives and projects that complement
DigitalBridge’s existing and future investments.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230509005530/en/
As part of the partnership, CAI has allocated up to $300 million
of capital to support strategic opportunities identified by CAI and
DigitalBridge. CAI’s first investment under the initiative is in
Switch, a 100% renewable powered data center platform, which a
DigitalBridge-managed investment entity acquired last year. In
addition, the parties have identified other potential investment
opportunities within the DigitalBridge portfolio that address
measurable decarbonization and water and energy resilience.
As a thought leader in the climate adaptive infrastructure
industry, CAI will work with DigitalBridge to implement
technologies from within and beyond the DigitalBridge portfolio.
These include deployment of utility-scale solar and wind,
low-impact hydro, electrochemical and pumped storage, water
conservation and re-use, renewable biodiesel and green hydrogen, as
well as the advanced climate impact measurement strategies
developed by CAI. These projects, which may be financed, built,
owned and operated by CAI, are expected to support DigitalBridge’s
Net Zero 2030 commitment, and to drive economic efficiency across
the DigitalBridge digital ecosystem.
“The DigitalBridge team is broadly recognized for their success
in the sector and, through this initiative, continues to
demonstrate forward thinking around further decarbonizing their
ecosystem,” said Bill Green, Managing Partner of CAI. “We are
excited to be launching this innovative partnership with
DigitalBridge.”
“We are pleased to partner with Bill and the entire CAI team to
accelerate DigitalBridge’s path towards a more sustainable digital
infrastructure ecosystem,” said Marc Ganzi, CEO of
DigitalBridge.
About Climate Adaptive Infrastructure
Founded in 2019, Climate Adaptive Infrastructure (CAI) is an
infrastructure investment firm specializing in low-carbon real
assets in the energy, water and urban infrastructure sectors. The
firm seeks investments across core infrastructure assets that
improve the sustainability and quality of life for the world’s
large and growing population. CAI selects, finances, constructs and
manages its investments using climate screens and metrics designed
to enhance investment returns and reduce carbon emissions. For more
information, please visit: www.climateadaptiveinfra.com.
About DigitalBridge Group, Inc.
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure firm. With a heritage of over 25 years investing in
and operating businesses across the digital ecosystem including
cell towers, data centers, fiber, small cells, and edge
infrastructure, the DigitalBridge team manages a $69 billion
portfolio of digital infrastructure assets on behalf of its limited
partners and shareholders. Headquartered in Boca Raton,
DigitalBridge has key offices in New York, Los Angeles, London,
Luxembourg and Singapore. For more information, visit:
www.digitalbridge.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include, whether DigitalBridge will realize any of the
anticipated benefits from the partnership with CAI, whether
DigitalBridge and CAI will identify and complete investments that
meet the sustainability goals described in this release, whether
the investments and projects that are selected and pursued will
support DigitalBridge’s Net Zero 2030 commitment and drive economic
efficiency and other risks and uncertainties, including those
detailed in DigitalBridge’s Annual Report on Form 10-K for the year
ended December 31, 2022, Quarterly Report on Form 10-Q for the
quarter ended March 31, 2023 and its other reports filed from time
to time with the U.S. Securities and Exchange Commission. All
forward-looking statements reflect DigitalBridge’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. DigitalBridge cautions investors not to
unduly rely on any forward-looking statements. The forward-looking
statements speak only as of the date of this press release.
DigitalBridge is under no duty to update any of these
forward-looking statements after the date of this press release,
nor to conform prior statements to actual results or revised
expectations, and DigitalBridge does not intend to do so.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230509005530/en/
Investors: Severin White Managing Director, Head of
Public Investor Relations (212) 547-2777
severin.white@digitalbridge.com
Media: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner
/ Aura Reinhard (212) 355-4449 dbrg-jf@joelefrank.com
Bill Green, Managing Partner bgreen@climateadaptiveinfra.com
DigitalBridge (NYSE:DBRG)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
DigitalBridge (NYSE:DBRG)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
