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Synopsis
Private equity firms NGP and Sandbrook Capital led a $300m fundraising in Cloverleaf Infrastructure, a energy solutions company. "The rapid growth in demand for electricity to power cloud computing and artificial intelligence poses a major climate risk if fueled by high-emission fossil fuels. However, it's also a major opportunity to catalyze the modernization of the US grid and the transition to a smarter and more sustainable electricity system through a novel approach to development. Cloverleaf is committed to making this vision a reality with the support of leading climate investors like Sandbrook and NGP," David Berry, Cloverleaf CEO.
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