FINANCIAL CLOSE ACHIEVED: STAR AMERICA INVESTS INTO A BEHIND-THE-METER ENERGY SOLUTIONS PROVIDER
March 9, 2020
(Ontario, Canada) – Star America is pleased to announce that it has reached financial close as an equity investor in Demand Power Group Inc. (“Demand Power”), an energy solutions provider that develops, implements, and maintains behind-the-meter energy storage solutions in North America. This new investment will help Demand Power to deliver energy storage projects to provide significant energy savings as well as better energy reliability to customers
As one of Star America’s portfolio companies, Demand Power will identify, plan, develop and manage power supply solutions for public and private industrial consumers at sites such as educational facilities, hospitals, manufacturing plants, commercial real estate properties and more. These solutions may include behind-the-meter energy storage systems, industrial grade batteries and uninterruptible power supplies, and natural gas fired generators that are expected to provide consumers with superior power quality and energy cost reduction. Demand Power has already identified a large pipeline of opportunities, which Star America and another investor in Demand Power may help to finance on a project by project basis.
“We are excited to invest in a platform focused on bringing green energy efficiency solutions to Ontario,” said Christophe Petit, President of Star America Infrastructure Partners, “We’ve been impressed by Demand Power’s management and their commitment to delivering innovative energy solutions to public and private customers that we expect will lower energy costs, improve grid resiliency, and reduce energy consumption from the highest emission sources during peak use periods.”
Investing in projects with environmentally positive features, sustainable design, construction, operations, and maintenance is one of the goals of Star America’s Environmental, Social, and Governance (ESG) policy. The adopted policy and associated goals govern the integration of Environmental, Social, and Governance aspects into Star America’s operations and investment process. ESG at Star America is managed by a dedicated committee that includes senior management, investment, and asset management staff who are passionate about these issues in action.
About Demand Power
Demand Power, established in 2018, is an innovative energy solutions company dedicated to improving power reliability and the cost of electric energy, to industrial and commercial energy consumers, through the deployment of large-scale battery storage, UPS, solar and generating set solutions. You can find more information about Demand Power here.
FOR INQUIRIES:
Christophe Petit, President
Star America Infrastructure Partners, LLC
Tel: +1 516 882 4100
cpetit@starinfrapartners.com
ABOUT STAR AMERICA
Star America, a subsidiary of Tikehau Capital, a European listed asset management and investment group with€27.2 billion of assets under management (as at 30 September 2020) and shareholder equity of €2.8 billion (as at 30 June 2020), is a U.S. headquartered developer and manager of infrastructure assets in NorthAmerica. With an investor base that includes large institutional investors such as insurance companies and pension funds, among others, Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. As of September 30,2020, Star America has over $700+ million Assets Under Management and our track record includes investments in 15 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.
