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Utility-Backed Fund Raises $681 Million to Invest in Clean Tech
Renewable Energy World: A private equity firm backed by some of the world’s largest utilities has raised $681 million to finance startups developing clean-energy technology.
Energy Impact Partners LP, which represents giants including Southern Co., National Grid Plc and AGL Energy Ltd., has already invested more than $200 million in companies like Advanced Microgrid Solutions LLC, AutoGrid Systems Inc. and Tendril Networks Inc. The amount raised includes up to $150 million in U.S. Small Business Administration loans, according to a statement Wednesday.
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