New York-based Initiative Equity Partners said April 25 it has acquired 16% equity in ArtIn Energy, a renewable energy technology company.
The move is part of Initiative Equity Partners’ ambitions to accelerate deployment of renewable energy globally, including ramping up in North America.
Florida-headquartered ArtIn specializes in photovoltaics, energy storage, electrical mobility and green hydrogen technology with corporate clients in the industrial and commercial segment.
“ArtIn Energy stands as a beacon in the energy sector, leveraging cutting-edge technology to propel businesses toward sustainability,” Initiative Equity Partners CEO Cristhian Andrews said in a news release. “By supporting ArtIn Energy, we contribute to a global shift toward cleaner, more efficient energy practices.”
ArtIn Energy said it will continue to operate under its existing brand and management team. The company’s CEO, Jhon Cohen, said the partnership “aligns seamlessly with our mission to invest in sustainable projects and initiatives that not only generate strong financial returns but also create a meaningful positive impact for our environment.”
Recommended Reading
Exclusive: Calling on Automation to Help with Handling Produced Water
2024-03-10 - Water testing and real-time data can help automate decisions to handle produced water.
Exclusive: Chevron New Energies' Bayou Bend Strengthens CCUS Growth
2024-02-21 - In this Hart Energy LIVE Exclusive interview, Chris Powers, Chevron New Energies' vice president of CCUS, gives an overview of the company's CCS/CCUS activity and talks about the potential and challenges of it onshore-offshore Bayou Bend project.
Exclusive: As AI Evolves, Energy Evolving With It
2024-02-22 - In this Hart Energy LIVE Exclusive interview, Hart Energy's Jordan Blum asks 4cast's COO Andrew Muñoz about how AI is changing the energy industry—especially in the oilfield.
Chesapeake, Awaiting FTC's OK, Plots Southwestern Integration
2024-04-01 - While the Federal Trade Commission reviews Chesapeake Energy's $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy.
Exclusive: Sabine CEO says 'Anything's Possible' on Haynesville M&A
2024-04-09 - Sabine Oil & Gas CEO Carl Isaac said it will be interesting to see what transpires with Chevron’s 72,000-net-acre Haynesville property that the company may sell.