Bloomberg Law
Sept. 15, 2022, 4:01 AM

Goldman Teams Up With PE Firm Cleanhill for Climate Tech Deal

Tasneem Hanfi Brögger
Tasneem Hanfi Brögger
Bloomberg News

Goldman Sachs Asset Management has teamed up with private-equity firm Cleanhill Partners to buy a majority stake in clean energy firm EPC Power Corp. for an undisclosed price.

EPC Power is “uniquely positioned to play a critical role in the evolution of the US solar and energy storage value chains,” said Alexander Mass, managing director of Goldman Sachs Asset Management, in a statement Thursday. He also highlighted the company’s decision to make its products in the US.

The deal is the latest to bounce off President Joe Biden’s climate bill, the Inflation Reduction Act, as investors look for ways ...