Infrastructure developer Generate has secured more than $1bn of funding from institutional investors to scale its renewable, sustainable infrastructure portfolio.
New investors in the platform include AustralianSuper, QIC, Railways Pension, and AP2 of Sweden.
Generate develops, owns and operates sustainable infrastructure for companies, governments and communities.
The company typically invests in across subsectors such as battery storage, solar, energy efficiency, electric vehicles, fuel cells, wastewater treatment, distributed desalination and organic waste management.
Generate co-founder and CEO Scott Jacobs said, “At Generate, we are working with the leading pioneers to bring about an infrastructure revolution, one that is democratized, digitized, decentralized, and decarbonized.
“This transition requires an entirely different type of company committed to rebuilding the world: one that is mission-aligned with its many stakeholders, can provide flexible, efficient capital solutions to enable more projects to be built, and has the expertise and capacity to manage that infrastructure and deliver those resources — forever — to its customers.”
The San Francisco-based firm has over 25 technology and project development partners and serves more than 400 clients across North America.
Since launching in 2014, Generate has built more than $1bn worth of sustainable infrastructure assets across the energy, waste, water and transport markets.
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