HASI and KKR Each Commit $500 Million to CarbonCount Holdings
HA Sustainable Infrastructure Capital (HASI) and KKR (KKR) announced that HASI and KKR have agreed to make an additional capital commitment of $500 million each for a combined total of $1B of new investment capacity into CarbonCount Holdings 1 LLC. The co-investment vehicle was established by HASI and KKR to provide long-term capital solutions for sustainable infrastructure projects across the United States. The parties expect that CCH1's newly expanded capital commitments combined with existing leverage targets will bring the total investment capacity to nearly $5B The vehicle's investment period has been extended to the earlier of the end of 2027 or when all commitments have been utilized. "CCH1 enables us to efficiently deploy capital into sustainable infrastructure projects that support the energy transition and address the country's rising power demand," said HASI Chief Revenue and Strategy Officer Marc Pangburn. "Alongside KKR, we are pleased to further scale CCH1 to deliver long-term value for our clients and stakeholders."
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Surging U.S. Electricity Demand Fuels Virtual Power Plant Growth
- Surging Electricity Demand: U.S. electricity demand is surging due to electric vehicles, data centers, and extreme temperatures, leading to increased reliance on variable wind and solar power as traditional coal and gas plants retire faster than replacements can be built.
- Rise of Virtual Power Plants: Utilities are deploying Virtual Power Plants (VPPs) that utilize thousands of small energy resources, including smart thermostats and home batteries, to create a cloud-based network that enhances grid flexibility and reliability during peak demand periods.
- National Grid's Growth Potential: National Grid's ConnectedSolutions program, launched in under four months, now boasts 250 megawatts of peak shaving capacity, with a reported underlying profit of £2.29 billion (approximately $3.1 billion), reflecting a 12% year-over-year increase and highlighting its strong performance amid rising energy demands.
- Sunrun's Market Opportunities: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun's stock has surged over 100% in the past year, reporting $725 million in revenue for Q3, a 35% year-over-year increase, and partnering with HA Sustainable Infrastructure Capital to finance an additional 300 megawatts of capacity, further solidifying its market position.
National Grid and Sunrun's Virtual Power Plant Advantages
- Surging Market Demand: U.S. electricity demand is soaring due to electric vehicles, data centers, and extreme temperatures, prompting utilities to adopt virtual power plants (VPPs) to ensure grid stability as traditional coal and gas plants retire rapidly.
- National Grid's Performance Growth: National Grid's stock has risen nearly 40% over the past year, reporting an underlying profit of £2.29 billion, up 12% year-over-year in its half-year report, reflecting successful implementation in the VPP sector amid strong market demand.
- Sunrun's Expansion Plans: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun has enrolled 106,000 customers in 17 VPP programs and collaborated with three utilities to provide a 500-megawatt VPP, aimed at preventing rolling blackouts during peak times.
- Future Investment Potential: With solar power's share in the U.S. rising from 1% to 8% over the past 15 years, Sunrun's partnership with HA Sustainable Infrastructure Capital is expected to finance an additional 300 megawatts of capacity, further solidifying its market position and driving future growth.
HASI and Sunrun Close $500 Million Joint Venture Financing Agreement
- Joint Venture Financing: The joint venture agreement between HASI and Sunrun involves an investment of up to $500 million, expected to finance over 300 megawatts of distributed energy assets across more than 40,000 home power plants, significantly enhancing the sustainability and reliability of home energy systems.
- Optimized Capital Structure: This innovative financing structure allows HASI to monetize a portion of long-term customer cash flows while enabling Sunrun to retain significant long-term ownership, which is anticipated to deliver a more efficient cost of capital and strengthen both companies' competitive positions in the market.
- Deepening Strategic Collaboration: This transaction builds on the long-standing partnership between HASI and Sunrun since 2018, reflecting their shared vision in managing and financing residential energy assets, thereby advancing the development of renewable energy.
- Expanded Market Influence: The joint venture not only enhances Sunrun's financing flexibility but also provides funding sources that are equal to or better than traditional financing arrangements, thereby supporting its continued growth in the home energy market.
KKR Invests $220 Million in Premialab to Capitalize on Quant Investing Surge
KKR's Investment in Premialab: KKR & Co. Inc. announced a $220 million growth investment in Premialab, a provider of data and analytics solutions for quantitative investing, marking its first investment in the Gulf region through its Next Generation Technology Growth Fund III.
Expansion and Product Development: The investment aims to support Premialab's global expansion, enhance operational systems, and scale a new execution product co-developed with Eurex, which will broaden access to quantitative investment strategies.
Additional Investment in CarbonCount Holdings: KKR, alongside HA Sustainable Infrastructure Capital, committed an additional $500 million to CarbonCount Holdings 1 LLC, increasing the total investment capacity to nearly $5 billion and extending the investment period to the end of 2027 or until commitments are fully utilized.
KKR's Market Performance: At the time of publication, KKR shares were trading at $135.24, reflecting a 0.32% increase, as reported by Benzinga Pro data.
HASI and KKR Pledge Extra $1 Billion to CarbonCount Holdings 1
Investment Commitment: HA Sustainable Infrastructure Capital, Inc. (HASI) and KKR have announced an additional capital commitment of $500 million each, totaling $1 billion, to CarbonCount Holdings 1 LLC (CCH1) for sustainable infrastructure projects in the U.S.
Expanded Capacity: The new commitments will increase CCH1's total investment capacity to nearly $5 billion, with the investment period extended until the end of 2027 or when all commitments are utilized.
Strategic Partnership Goals: The partnership aims to efficiently deploy capital into projects that support the energy transition and meet rising power demand, reflecting strong momentum and confidence in future opportunities.
Background on Companies: HASI focuses on sustainable infrastructure investments, managing over $15 billion in assets, while KKR is a global investment firm that seeks attractive returns through disciplined investment strategies across various asset classes.
HASI and KKR Pledge Extra $1 Billion to CarbonCount Initiative
Investment Commitment: HA Sustainable Infrastructure Capital and KKR have each committed an additional $500 million to CarbonCount Holdings 1 LLC, increasing the total investment capacity to nearly $5 billion.
Investment Vehicle Purpose: CarbonCount Holdings 1 was created to provide long-term capital for sustainable infrastructure projects in the United States.
Extended Investment Period: The investment period for CarbonCount has been extended until the end of 2027 or until the full utilization of commitments.
Market Impact: Following the announcement, KKR's stock price remained stable at $134.81 after hours.
Surging U.S. Electricity Demand Fuels Virtual Power Plant Growth
- Surging Electricity Demand: U.S. electricity demand is surging due to electric vehicles, data centers, and extreme temperatures, leading to increased reliance on variable wind and solar power as traditional coal and gas plants retire faster than replacements can be built.
- Rise of Virtual Power Plants: Utilities are deploying Virtual Power Plants (VPPs) that utilize thousands of small energy resources, including smart thermostats and home batteries, to create a cloud-based network that enhances grid flexibility and reliability during peak demand periods.
- National Grid's Growth Potential: National Grid's ConnectedSolutions program, launched in under four months, now boasts 250 megawatts of peak shaving capacity, with a reported underlying profit of £2.29 billion (approximately $3.1 billion), reflecting a 12% year-over-year increase and highlighting its strong performance amid rising energy demands.
- Sunrun's Market Opportunities: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun's stock has surged over 100% in the past year, reporting $725 million in revenue for Q3, a 35% year-over-year increase, and partnering with HA Sustainable Infrastructure Capital to finance an additional 300 megawatts of capacity, further solidifying its market position.
National Grid and Sunrun's Virtual Power Plant Advantages
- Surging Market Demand: U.S. electricity demand is soaring due to electric vehicles, data centers, and extreme temperatures, prompting utilities to adopt virtual power plants (VPPs) to ensure grid stability as traditional coal and gas plants retire rapidly.
- National Grid's Performance Growth: National Grid's stock has risen nearly 40% over the past year, reporting an underlying profit of £2.29 billion, up 12% year-over-year in its half-year report, reflecting successful implementation in the VPP sector amid strong market demand.
- Sunrun's Expansion Plans: As the largest home-to-grid distributed power plant operator in the U.S., Sunrun has enrolled 106,000 customers in 17 VPP programs and collaborated with three utilities to provide a 500-megawatt VPP, aimed at preventing rolling blackouts during peak times.
- Future Investment Potential: With solar power's share in the U.S. rising from 1% to 8% over the past 15 years, Sunrun's partnership with HA Sustainable Infrastructure Capital is expected to finance an additional 300 megawatts of capacity, further solidifying its market position and driving future growth.
HASI and Sunrun Close $500 Million Joint Venture Financing Agreement
- Joint Venture Financing: The joint venture agreement between HASI and Sunrun involves an investment of up to $500 million, expected to finance over 300 megawatts of distributed energy assets across more than 40,000 home power plants, significantly enhancing the sustainability and reliability of home energy systems.
- Optimized Capital Structure: This innovative financing structure allows HASI to monetize a portion of long-term customer cash flows while enabling Sunrun to retain significant long-term ownership, which is anticipated to deliver a more efficient cost of capital and strengthen both companies' competitive positions in the market.
- Deepening Strategic Collaboration: This transaction builds on the long-standing partnership between HASI and Sunrun since 2018, reflecting their shared vision in managing and financing residential energy assets, thereby advancing the development of renewable energy.
- Expanded Market Influence: The joint venture not only enhances Sunrun's financing flexibility but also provides funding sources that are equal to or better than traditional financing arrangements, thereby supporting its continued growth in the home energy market.
KKR Invests $220 Million in Premialab to Capitalize on Quant Investing Surge
KKR's Investment in Premialab: KKR & Co. Inc. announced a $220 million growth investment in Premialab, a provider of data and analytics solutions for quantitative investing, marking its first investment in the Gulf region through its Next Generation Technology Growth Fund III.
Expansion and Product Development: The investment aims to support Premialab's global expansion, enhance operational systems, and scale a new execution product co-developed with Eurex, which will broaden access to quantitative investment strategies.
Additional Investment in CarbonCount Holdings: KKR, alongside HA Sustainable Infrastructure Capital, committed an additional $500 million to CarbonCount Holdings 1 LLC, increasing the total investment capacity to nearly $5 billion and extending the investment period to the end of 2027 or until commitments are fully utilized.
KKR's Market Performance: At the time of publication, KKR shares were trading at $135.24, reflecting a 0.32% increase, as reported by Benzinga Pro data.
HASI and KKR Pledge Extra $1 Billion to CarbonCount Holdings 1
Investment Commitment: HA Sustainable Infrastructure Capital, Inc. (HASI) and KKR have announced an additional capital commitment of $500 million each, totaling $1 billion, to CarbonCount Holdings 1 LLC (CCH1) for sustainable infrastructure projects in the U.S.
Expanded Capacity: The new commitments will increase CCH1's total investment capacity to nearly $5 billion, with the investment period extended until the end of 2027 or when all commitments are utilized.
Strategic Partnership Goals: The partnership aims to efficiently deploy capital into projects that support the energy transition and meet rising power demand, reflecting strong momentum and confidence in future opportunities.
Background on Companies: HASI focuses on sustainable infrastructure investments, managing over $15 billion in assets, while KKR is a global investment firm that seeks attractive returns through disciplined investment strategies across various asset classes.
HASI and KKR Pledge Extra $1 Billion to CarbonCount Initiative
Investment Commitment: HA Sustainable Infrastructure Capital and KKR have each committed an additional $500 million to CarbonCount Holdings 1 LLC, increasing the total investment capacity to nearly $5 billion.
Investment Vehicle Purpose: CarbonCount Holdings 1 was created to provide long-term capital for sustainable infrastructure projects in the United States.
Extended Investment Period: The investment period for CarbonCount has been extended until the end of 2027 or until the full utilization of commitments.
Market Impact: Following the announcement, KKR's stock price remained stable at $134.81 after hours.
