KKR has plans to invest $750 million to Zenobē, a transport electrification and battery storage solutions firm, to accelerate the global decarbonization of diesel fleets and provide grid services that are critical for the decarbonization of the energy sector.
“This is a rare opportunity to support a clear leader in transport decarbonization and battery storage, two sectors which are critical in driving the transition to a net-zero world,” said Alberto Signori, partner in KKR’s European infrastructure team. “As a significant contributor to the decarbonization of our economies, Zenobē is an exemplary first investment in KKR’s global climate strategy which seeks to scale up businesses at the forefront of delivering real-world solutions to reduce carbon emissions.”
Infracapital, the infrastructure equity investment arm of M&G Plc and current majority shareholder, will invest further alongside KKR and the management team, with KKR and Infracapital becoming
