Blackstone, through funds managed by GSO Capital Partners, has formed a new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets, or distributed infrastructure, focused on commercial, industrial and institutional customers. GSO will initially commit $250 million to fund ClearGen and expects to expand the commitment as capital is deployed.
ClearGen and Blackstone will offer flexible capital solutions and programmatic investments alongside equipment manufacturers, developers and energy service companies that develop, build and operate distributed infrastructure. Through these partnerships, ClearGen will invest in a wide range of assets, including microgrids, distributed generation, renewable energy combined with battery storage, energy efficiency investments, green transportation, and combined heat and power plants. These assets will serve various sectors, including technology, telecommunications, healthcare, real esta