REG - Pantheon Infrastrct. - Investment in US Renewable Energy Company

Pantheon InfrastructureAnnouncement

23/09/2025 07:05

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RNS Number : 4080A  Pantheon Infrastructure PLC  23 September 2025

23 September 2025

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PANTHEON INFRASTRUCTURE PLC

Investment in US Renewable Energy Company

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global
infrastructure fund, has committed to invest approximately £30m in energy and
data centre developer Intersect Power ("Intersect"), through a vehicle managed
by Climate Adaptive Infrastructure, a US-based infrastructure investor that
has raised and managed over $1.3bn in assets.

Intersect, headquartered in California, develops and operates utility-scale
and industrial power infrastructure to meet the growing demands and complexity
of electrification, digitalisation, and decarbonisation trends. Intersect's
model is built on the co-location of industrial demand with rapid deployment
of dedicated gas and renewable power generation for data centre infrastructure
and utilities.

Intersect is well-positioned to navigate the evolving trade and regulatory
environment in the US, leveraging its scale, domestic-focused procurement and
secured financing. As the largest customer of the top manufacturers of solar
panels and batteries in the US, the company is well positioned to withstand
supply chain issues arising as a result of recent reciprocal tariffs. These
strengths align with the emphasis on US supply chains and local investment
contained within the recent One Big Beautiful Bill Act.

The investment is expected to be funded through a combination of existing cash
reserves and utilisation of the Company's revolving credit facility.

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"Our investment into Intersect Power reflects both the strength of the
opportunity and our continued disciplined approach around capital allocation.
With greater visibility on near term liquidity and attractive potential
returns, we see this as a compelling addition to the portfolio.

"Intersect has established itself as one of the leading players in the US
renewable energy mix, with an attractive pipeline of projects that benefit
from safe harboured tax credits pre-dating the Inflation Reduction Act.

"This represents the kind of resilient opportunity that can provide both
downside protection and long-term growth. We are pleased to be backing a
company that is well placed to benefit from the shift towards cleaner energy
and the wider changes shaping the global economy."

 

For further information, contact:

 Pantheon Ventures (UK) LLP        +44 (0) 20 3356 1800

 Investment Manager                pint@pantheon.com (mailto:pint@pantheon.com)

 Richard Sem, Partner

 Ben Perkins, Principal

 Investec Bank plc                 +44 (0) 20 7597 4000

 Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis (Corporate Finance)

 Lansons                           pint@l (mailto:pint@lansons.com) ansons (mailto:pint@lansons.com) .com

                                 (mailto:pint@lansons.com)
 Public relations advisor

 David Masters Millie Steyn

                                   +44 (0) 78 2542 7514

                                   +44 (0) 75 9352 7234

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC is a closed-ended investment company and an
approved UK Investment Trust, listed on the London Stock Exchange's Main
Market and a constituent of the FTSE 250. Its Ordinary Shares trade under the
ticker 'PINT'. The independent Board of Directors of PINT have appointed
Pantheon, one of the leading private markets investment managers globally, as
investment manager. PINT aims to provide exposure to a global, diversified
portfolio of high-quality infrastructure assets through building a portfolio
of direct co-investments in infrastructure assets with strong defensive
characteristics, typically benefitting from contracted cash flows, inflation
protection and conservative leverage profiles. Further details can be found at
www.pantheoninfrastructure.com

LEI 213800CKJXQX64XMRK69

Pantheon

Pantheon has been at the forefront of private markets investing for more than
40 years, earning a reputation for providing innovative solutions covering the
full lifecycle of investments, from primary fund commitments to co-investments
and secondary purchases, across private equity, real assets and private
credit.

The firm has partnered with more than 650 clients, including institutional
investors of all sizes as well as a growing number of private wealth advisers
and investors, with approximately $72bn in discretionary assets under
management (as of March 31, 2025).

Leveraging its specialized experience and global team of professionals across
Europe, the Americas and Asia, Pantheon invests with purpose and leads with
expertise to build secure financial futures.

Pantheon was one of the first private equity investors to sign up to the
Principles for Responsible Investments ("PRI") in 2007 and has used these
principles as a framework to develop its sustainability policy across all its
investment activities. Since becoming a signatory, Pantheon has remained
highly engaged with the PRI and has been heavily focused on sustainability
integration, both through its involvement with associates and industry bodies,
and through its integration of ESG analysis into its investment process.
Further details can be found at www.pantheon.com (http://www.pantheon.com) .

 

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