SER Capital Partners, LLC ("SER"), a sustainable-investment focused private equity firm, has acquired three project companies from HGP ("HGP"), a Texas-based energy developer, in September 2020. As part of its investment, SER also entered into a strategic arrangement with LG Chem, Ltd. ("LG Chem"), a leading lithium-ion battery supplier to ensure the most environmentally sustainable, safest, and lowest cost equipment to serve its Texas customer base.

Sara Graziano, Partner of SER, said: "We believe that the acquisition of HGP's provides an optimal path for SER to sustainably invest in Texas. These projects will help Texas integrate renewables and reduce fossil-fueled pollutants while improving the environment and providing economic benefits and jobs to the region. Further, our partnership with LG Chem gives us access to innovative, safe, and cost-effective equipment to deploy on these projects."

"We have been working in the power markets for over 20 years and have seen firsthand the disruption that renewables and intermittent resources have had," said Greg Forero, HGP Co-founder, and President. "As we move to a truly clean energy future and progress through the lifecycle of energy transition, our work alongside that of Perfect Power, a portfolio company of SER, will continue to focus on identifying the best in class assets that improve grid resiliency and achieve meaningful economic returns while accelerating the decarbonization of our energy grids."

Rahul Advani, Managing Partner of SER added: "In closing on its second investment within the past three months and committing approximately $70 million of equity capital, SER has distinguished itself as a credible partner to talented management teams and to limited partner investors seeking PE investment opportunities tied to sustainability."

Metric Point Capital acted as the exclusive placement agent for the fundraise.

SER Capital Partners | www.sercapitalpartners.com

LG Chem | www.lgessbattery.com