Energy Impact Partners adds electricity distributor to its second fund.
FirstEnergy, a New York-listed electric distribution company, has made its second commitment to US-based venture capital firm Energy Impact Partners (EIP).
As a limited partner in EIP Fund II, FirstEnergy joins with other utilities and companies to provide more than $1bn in capital commitments to invest in heating and air conditioning, transportation electrification, energy storage and carbon capture technology, grid hardening, cyber security, and smart home and cities programs.
This marks FirstEnergy’s second investment with EIP. In July, FirstEnergy backed EIP’s…
