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Nuveen Acquires Ally Energy Solutions to Accelerate Climate Impact

Nuveen's investment in Ally Energy Solutions will accelerate the company's mission to reduce carbon footprint and help clients meet sustainability goals.

In this image there are poles, light, buildings, vehicles on the road, iron grills, trees,...
In this image there are poles, light, buildings, vehicles on the road, iron grills, trees, sculpture, sky.

Nuveen Acquires Ally Energy Solutions to Accelerate Climate Impact

Nuveen, a global investment manager, has acquired a majority stake in US-based Ally Energy Solutions. The move aims to accelerate Ally's growth and impact, helping it expand its reach and deliver measurable energy savings and emissions reductions nationwide.

Ally, founded in 2014, specializes in executing large-scale energy projects for commercial and industrial (C&I) customers. These include distributed renewable energy and efficiency upgrades. The company has completed over 1,000 projects, avoiding an estimated 578,000 tons of CO2 emissions and reducing peak demand by 60 megawatts.

Nuveen's investment comes from its Private Equity Impact team through the Nuveen Climate Inclusion Fund II. The fund's strategy aims to address climate change and inequality while ensuring strong financial returns. Nuveen's Climate Inclusion strategy aligns with Ally's mission to improve energy efficiency and reduce carbon footprint, helping clients meet their sustainability goals. With this investment, Ally's growth and impact are set to accelerate, benefiting both clients and the environment.

The acquisition sees Brian Walterbach, Ally's former COO, stepping into the role of Chief Executive Officer, succeeding Shane Mathis who moves to Chief Strategic Officer. Jason Woods joins as the new CEO. Ally Energy Solutions, with Nuveen's backing, is poised to deliver even greater energy savings and emissions reductions for its clients nationwide.

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