USA Herald – Cloverleaf $300M Investment for Digital Infrastructure Project

By Rihem Akkouche
July 17, 2024

Digital infrastructure site developer Cloverleaf Infrastructure announced on Wednesday that it has secured more than $300 million in commitments from private equity firms NGP and Sandbrook Capital.

Cloverleaf $300M Investment: Cloverleaf’s Mission

Cloverleaf, a recently formed company, focuses on developing large-scale digital infrastructure sites powered by low-carbon electricity, according to a statement. The company collaborates with regional utilities and data center operators in the U.S. to provide clean electricity through strategic investments in transmission, grid interconnection, land, onsite power generation, and electricity storage.

“The rapid growth in demand for electricity to power cloud computing and artificial intelligence poses a major climate risk if fueled by high-emission fossil fuels. However, it’s also a major opportunity to catalyze the modernization of the U.S. grid and the transition to a smarter and more sustainable electricity system through a novel approach to development,” Cloverleaf CEO David Berry said. “Cloverleaf is committed to making this vision a reality with the support of leading climate investors like Sandbrook and NGP.”

Key Investors and Their Contributions

The $300 million investment from NGP and Sandbrook Capital will significantly bolster Cloverleaf’s initiatives. Stamford, Connecticut-based Sandbrook Capital partners with

companies that “are essential to transforming” the global energy infrastructure environment. Sandbrook partner Alfredo Marti emphasized the technical challenges and opportunities in sustainable digital infrastructure development. “We have witnessed members of the Cloverleaf team effectively address this challenge for many years through a blend of creativity, specialized engineering, a partnership mindset, and astute capital deployment,” Marti said.