Southern Company makes anchor investment in the rearmost Energy Impact Mates$ 1 billion fund to accelerate global decarbonization
Southern Company, a leadingU.S. energy company serving 9 million guests and the launching member of Energy Impact Mates (EIP), a global adventure capital platform leading the transition to a sustainable future, blazoned moment the launch of EIP’s Flagship Fund, Fund II. The Fund entered$ 1 billion in commitments and will concentrate on investing in adventure and growth companies advancing critical climate results.
Southern Company (PRNewsFoto/ Southern Company) (PRNewsfoto/ Southern Company)
Through Fund II, Southern Company will continue working with EIP to identify slice- edge technologies that advance the zero- carbon frugality and address our global decarbonization pretensions. This includes companies instituting across force decarbonization, electrification, mobility, tech- enabled structure, trustability and adaptability and intelligent demand.
“As the launching mate of Energy Impact Mates, Southern Company continues to believe in the platform’s charge to find and nurture those companies abetting the world’s transition to a sustainable energy future. Inversely important are the deeper exchanges we’re having with the portfolio companies around technology and business model invention-we have engaged over half of the portfolio companies in those exchanges. We see this as vital for the future of our business, our capability to achieve our sustainability pretensions and delivering the energy results our guests bear,” said Christopher Cummiskey, EVP and Chief Client Results Officer, Southern Company.
Fund II has formerly made significant investments in further than a dozen promising technology companies that are critical to accelerating the energy transition. EIP looks for inspired entrepreneurs thatre-imagine the future and helps them scale using its mate coalition.
“We’re thrilled to work with Southern Company as part of our largest coalition of serviceability and industrials concentrated on creating a sustainable future,” said Hans Kobler, Author and Managing Partner of EIP.” Diving climate change is a major challenge and occasion that can only be answered by working together. Our unique engagement model helps our mates introduce, drives growth in our investments and as a result maximizes real near- term impact on the climate.”
To learn further about Energy Impact Mates, please visit https//www.energyimpactpartners.com.
About Southern Company
Southern Company (NYSE SO) is a leading energy company serving 9 million guests through its accessories. The company provides clean, safe, dependable and affordable energy through electric operating companies in three countries, natural gas distribution companies in four countries, a competitive generation company serving noncommercial guests across America, a leading distributed energy structure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent client service, high trustability and affordable prices below the public normal. For further than a century, we’ve been erecting the future of energy and developing the full portfolio of energy coffers, including carbon-free nuclear, advanced carbon prisoner technologies, natural gas, renewables, energy effectiveness and storehouse technology. Through an assiduity- leading commitment to invention and a low- carbon future, Southern Company and its accessories develop the customized energy results our guests and communities bear to drive growth and substance. Our exacting values insure we put the requirements of those we serve at the center of everything we do and govern our business to the benefit of our world. Our commercial culture and hiring practices have been honored nationally by theU.S. Department of Defense,G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women’s Choice Award. To learn more, visitwww.southerncompany.com.
About Energy Impact Mates
Energy Impact Mates, LP (EIP) is a global investment establishment leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world’s most forward- looking energy and artificial companies to advance invention. With over$2.0 billion in means under operation, EIP invests encyclopedically across adventure, growth, credit, and structure – and has a platoon of further than 50 professionals grounded in its services in New York, San Francisco, Palm Beach, London, Cologne, and Oslo. For further information on EIP, please visitwww.energyimpactpartners.com.
SOURCE Southern Company
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