A consortium led by Palisade Impact to acquire Energy Locals from Quinbrook Infrastructure Partners.

A consortium led by Palisade Impact, a company focused on unlisted investments that intentionally target solutions to environmental and social challenges, agreed to acquire Energy Locals, a non-traditional electricity retailer, from Quinbrook Infrastructure Partners, an investor and asset manager. Financial terms were not disclosed. "Quinbrook identified very early the key role community energy networks play in accelerating the energy transition through enabling new approaches to energy distribution and sustainability, and the journey of Energy Locals is a testament to Quinbrook’s commitment to active management and value creation. From concept to this pivotal agreement we have worked closely with the management team to develop a unique business model that is well positioned to continue to grow and deliver a cleaner energy future for its customers. The consortium led by Palisade Impact are natural stewards to drive the company into its next phase and we wish them continued success," David Scaysbrook, Quinbrook Co-Founder and Managing Partner.