Cloverleaf Infrastructure has secured capital investment totalling over $300 million from private equity investors NGP and Sandbrook Capital.
Cloverleaf is a recently established developer of large-scale digital infrastructure, which collaborates with US utilities and data centre operators to deliver clean electricity through investments in transmission, grid interconnection, on-site power generation and electricity storage.
“The rapid growth in demand for electricity to power cloud computing and artificial intelligence poses a major climate risk if fuelled by high-emission fossil fuels. However, it’s also a major opportunity to catalyse the modernisation of the US grid and the transition to a smarter and more sustainable electricity system through a novel approach to development. Cloverleaf is committed to making this vision a reality with the support of leading climate investors like Sandbrook and NGP,” said David Berry, Cloverleaf’s CEO.
Alfredo Marti, Partner at Sandbrook, added, “The sustainable development of digital infrastructure at scale is fundamentally a technical power problem. We have witnessed members of the Cloverleaf team effectively address this challenge for many years through a blend of creativity, specialised engineering, a partnership mindset, and astute capital deployment.”
Sam Stoutner, Partner at NGP, also said, “Having backed hundreds of energy companies in the US over more than 30 years, we believe the opportunity set for clean-powered digital infrastructure development is as compelling as anything we’ve seen before, and the convergence of exceptional talent from both the power and digital sectors at Cloverleaf is truly extraordinary.”
