Strategic Value Partners Invests in NewEdge Power and Launches Utility-Scale Battery Storage Joint Venture

Joe Nano, Chief Executive Officer and Co-Founder of NewEdge

“For decades, power availability was taken for granted as demand stayed flat. Today, with unprecedented demand growth driven by data centers and the reshoring of manufacturing, we're seeing a need for new resources to serve the market. Battery storage has emerged as a critical part of the solution that can be delivered quickly to meet this need”

Joe Nano, Chief Executive Officer and Co-Founder of NewEdge

“SVP brings the scale, expertise and conviction to build on our platform's successful track record and expand our capabilities to serve the U.S. power market during this window of opportunity.”

Mike Ungari, Global Head of Real Estate at SVP

“Power markets are being reshaped by rising electricity demand and the need to bring new capacity online at pace. However, power demand is only part of the story. In markets like PJM, securing well-located sites and a viable path to the grid is a significant part of the growing opportunity we are seeing”

Mike Ungari, Global Head of Real Estate at SVP

“This partnership combines NewEdge's expertise to identify and advance those sites with SVP's capabilities investing across power and infrastructure.”

Steve Barna, Chief Development Officer and Co-Founder of NewEdge

“We've built NewEdge around securing high-quality sites and interconnection positions in the markets where new capacity is needed most. With SVP's capital, we believe we can move our seed portfolio and pipeline through development at the pace this market requires.”