(Source: Shutterstock/ Initiative Equity Partners)
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.”
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