An affiliate of H.I.G. Capital has acquired a controlling interest in Greenflash Infrastructure, a company based in Houston that acquires, develops, finances, owns and operates grid-scale energy storage, power generation and controllable load projects.
Greenflash delivers power to utilities, municipal cooperatives and other load-serving entities in supply-constrained locations.
The Greenflash management team has extensive experience in rapidly developing and commercially optimizing energy storage infrastructure, and H.I.G.'s investment will provide the support and resources to advance the company's near-term strategic initiatives. Financial terms were not disclosed.
“We are delighted to partner with H.I.G. to capitalize on our extensive pipeline of projects,” said Josh Prueher, managing partner at Greenflash. “Our team of industry veterans is uniquely positioned to identify attractive opportunities and deliver creative solutions to both existing project de