Private Equity Blackstone is creating a new business holding company aimed at financing and maintaining distributed energy assets for the commercial, commercial and institutional sectors.
ClearGen and Blackstone will offer flexible investments and investment responses along with the appliance manufacturers, developers, and force services corporations that build and operate distributed force infrastructure. The combination of assets will come with micro-networks, decentralized generation, renewable strength combined with battery storage, investments in strength efficiency, green transport and combined heat and strength (CHP) plants.
ClearGen will be controlled by veterans with 55 years of experience, George Plattenburg, co-founder and CEO, and Collin Franceschi, co-founder and director of development.
GSO Capital Partners of Blackstone has more than $138 billion in asset control worldwide. Blackstone is the f of UK-based Clarion Events, which owns and operates Power Engineering, POWERGEN International and DISTRIBUTECH International.
POWERGEN and DISTRIBUTECH will cooperate from March 30 to April 1 in Orlando, Florida.
Meanwhile, the POWERGEN virtual series will begin next week, with presenters from Mitsubishi Power, Siemens, Wartsila, Grand River Dam Authority, and the US Department of Energy, among others. Registration is free.