Energy Impact Partners announces investment fund

Written By: Tracy Dawson Roses
October 14, 2015

Energy Impact Parnters

Energy Impact Partners announces investment fund with Southern Company, National Grid and Xcel Energy as LPs

On October 14, Energy Impact Partners LLC announced the formation of its first strategic equity fund focused on investments that seek to optimize energy consumption and improve sustainable energy generation. The fund’s first closing includes investments from energy industry leaders Southern Company, National Grid and Xcel Energy as limited partners.

EIP will work with its investors to adapt strategy to a changing energy landscape, to enable innovation, and to enhance operational excellence in utilities’ core businesses. Based in New York and San Francisco, EIP is led by a team of professionals who built their careers developing the strategic technology investment business at General Electric.

EIP Managing Partner Hans Kobler commented:

“Energy Impact Partners is honored to have three of the leading energy companies in the world as initial investors in our fund. As EIP moves into full operating mode, we will turn our partners’ strategic priorities into practical investment theses, working closely with the companies that will be the building blocks of tomorrow’s global energy web.”

Southern Company Chairman, President and CEO Thomas A. Fanning remarked:

“Southern Company’s focus on finding new, more efficient ways to meet customers’ energy needs aligns with the objectives of this fund. This strategic investment is an extension of our decades-long commitment to driving energy innovation to better serve our customers.”

National Grid CEO Steve Holliday said:

“We continue to focus on marrying the best innovation with rising customer expectations and EIP will help advance that objective. Working with EIP will help us stay at the forefront of our changing industry and support us in providing safe, reliable and affordable energy for our customers.”

Xcel Energy Chairman, President and Chief Executive Officer Ben Fowke stated: “New technology is driving tremendous change in our industry, and it’s important that we adapt to and embrace that change. Our involvement with EIP will help us better understand how to continue leveraging technology’s impact on our business to drive greater efficiency and innovation and meet the evolving needs of our customers as a trusted energy partner.”