AXA IM Alts, a global provider of alternative investments with c. €188 billion of assets under management, announces an investment of $15 million, through its impact investing strategy, into Greenstruxure, an energy supply and services company delivering onsite, zero carbon, digital energy to help companies meet their sustainability and business continuity goals. AXA IM Alts, joins GreenStruxure’s impact investment partners Huck Capital and Inclusive Capital Partners, alongside strategic investor and technology partner Schneider Electric.
GreenStruxure designs, builds, operates and maintains on-site renewable energy microgrids for commercial & industrial buildings in the United States. Customers get the outcomes they need – affordable, decarbonized energy, bill optimization and sustainability credits – with no capital upfront and no hassle.
The equity by AXA IM Alts will support GreenStruxure to continue its development in a sector in urgent need of decarbonization, facilitating a step change for energy usage in hard-to-abate industries. Building on 20 years of impact investing experience, AXA IM Alts seeks to address some of the biggest sustainability challenges globally, and climate change is at the forefront of the global sustainability agenda. This investment fits directly into AXA IM Alts’ objective of evolving resource efficiency, ultimately supporting AXA IM Alts’ broader goal of mitigating climate change.
Jonathan Dean, head of Impact Investing at AXA IM Alts, comments: “We are excited to have invested in GreenStruxure, a first mover in the Energy-as-a-Service microgrid space, which is providing sustainable, more resilient and stable energy solutions. GreenStruxure provides a clear opportunity to displace fossil fuel-based grid energy. This investment reinforces our continued commitment to climate action, namely our impact goals of evolving resource efficiency and providing sustainable solutions to the global market.”