Fengate and Ironclad Energy announce investment partnership

Fengate Asset Management and Ironclad Energy Ventures have formed a partnership to acquire and operate cogeneration, district energy and other industrial generation projects in the United States and Canada. The partnership will improve the reliability, environmental efficiencies, operations, equipment and cost at the acquired cogeneration and district energy facilities by applying the combined experience and expertise of both Fengate and Ironclad. The partnership will be able to provide capital to expand and upgrade acquired facilities or systems, for increased efficiencies and lower customer costs.

To date, Fengate manages a $15 billion portfolio of more than 40 infrastructure projects, including over 360MW of industrial cogeneration facilities and more than 1GW of power projects, on behalf of its investors. And Ironclad currently manages and operates more than $900 million in assets throughout the northeastern United States.

Fengate is managing this partnership on be