Energy Impact Partners Announces Microsoft Will Join Global Innovation Platform
Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future, has announced that Microsoft Corp. is joining EIP's global Partner network through its newly formed $1 billion Climate Innovation Fund.
EIP's Partner Network includes over 30 major energy and industrial companies, who join the firm's global coalition around a shared mission to accelerate the pace of innovation and rapidly scale the adoption of critical climate solutions. EIP has pioneered a unique, collaborative engagement model that elevates insights and best practices, invests in transformative businesses, and supports the growth of clean technology start ups by facilitating dedicated industrial partnerships between its portfolio and investor base.
“To reimagine a sustainable energy future in this critical decade for action, it is essential for industry and innovators to work together. We are thrilled to welcome Microsoft to our global innovation platform. Their experience and expertise will only strengthen the leverage of our remarkable coalition in this common cause,” says Hans Kobler Founder and Managing Partner at EIP.
The Climate Innovation Fund , which launched in January as part of Microsoft's wider, ongoing commitment to a carbon-negative future, was set up to accelerate the global development of carbon reduction, capture, and removal technologies. Over the next four years, Microsoft has committed to investing $1 billion in climate solutions that need capital to scale in the market and investments that will accelerate existing climate solutions and create new technologies. With its global cloud footprint, Microsoft relies on energy systems around the world. Investments in grid resilience, backup power, energy efficiency, and load management can provide insights and solutions for its own operations. By 2030, Microsoft has pledged to be carbon-negative, learn more about the company's carbon goals at Microsoft on the Issues .
“Microsoft and EIP both know that to quickly make the technological changes to address climate change, we need to invest in accelerating innovation, sharing learnings among partners, and collaborating. The EIP platform creates an ecosystem for innovation in which portfolio companies and investors work together to solve key challenges in decarbonizing and digitizing the energy and transportation sectors,” states Brandon Middaugh, director of the Microsoft Climate Innovation Fund. Middaugh will also join the EIP ESG Advisory Committee.
About Energy Impact Partners
Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $1.5 billion in assets under management, EIP invests globally across venture, growth, credit and infrastructure – and has a team of more than 45 professionals based in its offices in New York, San Francisco, Palm Beach, London, Cologne and soon Oslo. For more information on EIP, please visit www.energyimpactpartners.com .
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ARGO-BLOCKCHAIN18.1.2021 09:48:48 CET | Press release
Argo Blockchain PLC announces £22.4 Million Private Placement with Institutional Investors and Mining Capacity Expansion
REPLY18.1.2021 09:32:47 CET | Press release
Reply Signs an Agreement with AWS to Develop Industry Solutions
L&T-TECHNOLOGY-SERVICES18.1.2021 09:02:44 CET | Press release
L&T Technology Services Rated as Global Pure-Play ER&D Services Leader by Zinnov
CA-GUARDANT-HEALTH18.1.2021 09:02:44 CET | Press release
Guardant Health and Vall d’Hebron Institute of Oncology Announce Partnership to Establish First Guardant-Based Liquid Biopsy Testing Service in Europe
NJ-TOPCON-HEALTHCARE18.1.2021 07:02:46 CET | Press release
Topcon Announces eyeRISE 2021 Virtual Symposia & Expo
SERVIER16.1.2021 22:17:39 CET | Press release
Servier announce updated overall survival results of exploratory TASCO1 phase II study of LONSURF® + bevacizumab in a first-line setting for patients with unresectable mCRC non-eligible for intensive therapy
CA-ANDERSEN-GLOBAL15.1.2021 11:01:39 CET | Pressemeddelelse
Andersen Global træder ind i Sverige i samarbejde med Unum Tax
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom