Climate Adaptive Infrastructure (CAI) has partnered with DigitalBridge Group to work on speeding up the transition of the digital infrastructure ecosystem to net zero.
Under the agreement, the two companies will collaborate to identify, develop and invest in initiatives and projects that are sustainability-focused and complement DigitalBridge’s current and future investments.
CAI says it has earmarked up to $300 million of capital to support strategic opportunities identified by both companies. The first investment under the partnership is in Switch, a data center platform powered by 100 percent renewable energy. The two companies have also identified other potential investment opportunities within the DigitalBridge portfolio that address measurable decarbonization and water and energy resilience.
The firms will work together to implement technologies such as utility-scale solar and wind, low-impact hydro, electrochemical and pumped storage, water conservation and re-use, as well as renewable biodiesel and green hydrogen. CAI’s advanced climate impact measurement strategies will also be deployed.
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These projects are expected to support DigitalBridge’s Net Zero 2030 commitment and to drive economic efficiency across the DigitalBridge digital ecosystem. The projects may be financed, built, owned and operated by CAI.
“The DigitalBridge team is broadly recognized for their success in the sector and, through this initiative, continues to demonstrate forward thinking around further decarbonizing their ecosystem,” said Bill Green, Managing Partner of CAI.
Founded in 2019, CAI is a California-based infrastructure investment firm that focuses on low-carbon real assets in the energy, water and urban infrastructure sectors.DigitalBridge is a digital infrastructure firm headquartered in Boca Raton, Florida, with more than $69 billion in digital assets under management.