Hg to acquire majority stake in renewable energy software provider 3E
RNW•Hg will acquire a majority stake in 3E from ReNew and minority shareholders, with Galvanize Climate Solutions joining as a minority co-investor. The investment will support AI development for the SynaptiQ platform, which monitors more than 50 GW of renewable energy assets, as well as US expansion and selective acquisitions.
1. Ownership changes
Hg will acquire a majority stake in renewable energy software and advisory provider 3E from ReNew and minority shareholders. Galvanize Climate Solutions will join as a minority co-investor, while members of 3E’s founding and management team will retain stakes.
2. Planned investment
The investment will accelerate AI development for 3E’s SynaptiQ platform, which monitors more than 50 GW of renewable energy assets. Funding will also support US expansion and selective acquisitions to broaden product capabilities and international reach.
3. Expected closing
The transaction is expected to close over the coming months, subject to customary closing conditions.
