GDEV’s portfolio generated 652 GWh of clean energy across 45 U.S. states and 3 Canadian provinces in 2024
As part of GDEV Management, LLC’s (GDEV) commitment to support sustainable infrastructure and energy technologies, GDEV released its 2024 Energy and Impact Report. GDEV’s investments scale energy businesses and advance critical infrastructure. With more than $400 million deployed in over a dozen platform investments, GDEV continues to bridge the gap between capital markets and real asset development.
Notable takeaways from GDEV’s 2024 Energy and Impact Report include:
- GDEV’s portfolio includes 12 active sustainable infrastructure platforms and 421 full time employees.
- Portfolio companies have developed, owned or financed more than 332 MW of generation capacity, which provides 652 GWh of clean power per annum, as well as 261 MWh of storage capacity, which provides for 219 GWh of grid flexibility per annum.
- Portfolio companies have enabled over $643 million in project investment and have a combined pipeline representing over $20 billion in capital expenditures.
The Energy and Impact Report spotlights a handful of GDEV portfolio companies driving the energy transition including Relevate Power, Telyon and Nexus Holdings:
- Relevate Power, a redeveloper of hydropower assets with 36 facilities across 8 states and 25 river systems, produces over 250 GWh of clean energy generation per annum.
- Telyon, a vertically integrated energy development company specializing in commercial and industrial solar energy and battery storage, is actively developing in 24 states and has 50MW of projects under operation and construction.
- Nexus Holdings, an investment and advisory firm for low-carbon infrastructure projects, has supported the development and execution of more than 400 unique infrastructure projects that represent $300 billion in capital expenditures.
“GDEV’s deep industry expertise, strategic partnerships, and flexible capital solutions put us in a strong position to navigate this landscape and support the growth of companies in the energy infrastructure space,” said Benjamin Baker, Managing Partner of GDEV. “As we look ahead, we remain committed to accelerating the development of energy solutions that strengthen the grid, improve market accessibility, and drive innovation across the sector.”
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