EQT to buy Statera Energy from InfraRed Capital Partners

• EQT will invest in Statera via its Infrastructure VI fund
• InfraRed is an international infrastructure investment manager
• EQT is a global investment firm with €232bn in total assets under management

EQT has agreed to acquire Statera Energy, a UK-based energy company, from InfraRed Capital Partners.

EQT will invest in Statera via its Infrastructure VI fund.

London-based Statera operates flexible generation, battery storage, pumped hydro and green hydrogen projects. It has 1GW of flexible generation in operation and under construction and a total project pipeline of over 16GW, with plans to deliver 7.5GW of flexibility assets by 2030.

EQT will support Statera’s management team by providing access to growth capital to accelerate the deployment of flexible generation across the UK, according to a release.

“In a world increasingly reliant on intermittent renewables and striving to achieve Net Zero emissions, battery storage and other flexible generation solutions are imperative,” said Francesco Starace, partner within the EQT Infrastructure advisory team. “Both the public and private sectors must commit time, expertise, and capital to innovative solutions that can expedite the energy transition.”

The transaction is expected to close around the end of the year.

InfraRed is an international infrastructure investment manager with offices in London, New York, Sydney and Seoul. It manages over $14bn of equity capital.

EQT is a global investment firm with €232 billion in total assets under management. It is based in Stockholm, Sweden.

No financial details of the transaction were disclosed.

DC Advisory served as financial advisor and Simpson Thacher & Bartlett as legal advisor to EQT Infrastructure.