Galvanize Unveils $1.3 Billion Plan to Fund the Energy Sector's Evolution Pathway
Galvanize Launches Decarbonization-Focused Investment Strategy with $1.3 Billion Program
In a significant move towards addressing climate change, Galvanize, a mission-driven investment platform, has announced the launch of its new Credit and Capital Solutions strategy. The strategy, which aims to provide flexible financing solutions for companies and projects across the energy transition value chain, has secured a $1.3 billion investment program from institutional investor Andreessen Horowitz (a16z).
The strategy, spanning public and private markets globally, will focus on the full energy transition value chain, including utility-scale and distributed renewable energy, grid and storage solutions, fleet electrification, energy efficiency, and advanced materials manufacturing. The geographic focus includes the U.S., Canada, and Europe.
John Delaney, former Congress Member and CEO of HealthCare Financial Partners and CapitalSource, will chair Galvanize's new Credit and Capital Solutions strategy. Delaney brings a wealth of experience in investment and finance to the table. He will be joined by a team of partners who bring diverse expertise in these areas.
Meghan Pasricha, formerly a Riverstone Managing Director, and Suresh Vasan, previously a Managing Director at GE Energy Financial Services, are partners in the new strategy. Anatoly Bushler, former Farallon special situations investor, and Chris Creed, formerly Chief Investment Officer of the U.S. Department of Energy's Loan Programs Office, also join the team.
The strategy offers a wide range of financing tools, including structured non-bank and special situations credit, preferred equity, and opportunistic capital. The partners aim to support what's getting built on the ground in the clean energy sector, driven by economics, resilience, and demand.
The launch of this strategy comes at a time when over $5 trillion is anticipated to be invested in infrastructure like renewables, transmission, manufacturing, and electrification by 2030, mostly through credit. Galvanize's new strategy is positioned to meet this growing need for flexible capital across power, manufacturing, efficiency, and resilience.
Tom Steyer and Katie Hall, founders of Galvanize, launched the decarbonization-focused investment firm in 2022. With the addition of the Credit and Capital Solutions strategy, Galvanize continues to demonstrate its commitment to providing capital, expertise, and partnerships for climate solutions.
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