Morgan Stanley Energy Partners Announces Strategic Partnership With Energy-as-a-Service Provider

Investment funds managed by Morgan Stanley Energy Partners (MSEP), part of Morgan Stanley Investment Management, announced that they have completed an investment in SolMicroGrid ('SolMicroGrid' or the 'Company'), which offers microgrid solutions through an Energy-as-a-Service ('EaaS') business model.

SolMicroGrid is a developer and operator of microgrid systems for commercial and industrial customers throughout North America. The Company provides restaurants, gas stations, grocery stores and others with a turn key system for power independence with predictive analytics

"The partnership with MSEP provides the Company with resources to accelerate the development of its assets, capabilities, and product offerings to its commercial and industrial customers. A portion of the proceeds from MSEP’s investment will go to support the initial deployment of SolMicroGrid’s solar-enabled microgrid systems to certain commercial and industrial customer locations in California," the companies said