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
Apache CEO: Longer Laterals Expected as Permian Enters New Era
2024-05-17 - With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
2024-05-09 - Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
2024-05-01 - Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Decoding the Delaware: How E&Ps Are Unlocking the Future
2024-05-01 - The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.