New York-based Initiative Equity Partners said April 25 it has acquired 16% equity in ArtIn Energy, a renewable energy technology company.
The move is part of Initiative Equity Partners’ ambitions to accelerate deployment of renewable energy globally, including ramping up in North America.
Florida-headquartered ArtIn specializes in photovoltaics, energy storage, electrical mobility and green hydrogen technology with corporate clients in the industrial and commercial segment.
“ArtIn Energy stands as a beacon in the energy sector, leveraging cutting-edge technology to propel businesses toward sustainability,” Initiative Equity Partners CEO Cristhian Andrews said in a news release. “By supporting ArtIn Energy, we contribute to a global shift toward cleaner, more efficient energy practices.”
ArtIn Energy said it will continue to operate under its existing brand and management team. The company’s CEO, Jhon Cohen, said the partnership “aligns seamlessly with our mission to invest in sustainable projects and initiatives that not only generate strong financial returns but also create a meaningful positive impact for our environment.”
Recommended Reading
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
TotalEnergies Cements Oman Partnership with Marsa LNG Project
2024-04-22 - Marsa LNG is expected to start production by first quarter 2028 with TotalEnergies holding 80% interest in the project and Oman National Oil Co. holding 20%.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
2024-04-22 - Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?
TotalEnergies to Acquire Remaining 50% of SapuraOMV
2024-04-22 - TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company's tab to more than $1.4 billion.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.