Real estate, Clean Energy Infrastructure firms form joint venture focus on Low Carbon Technologies

Private equity real estate manager NorthBridge Partners and clean energy infrastructure firm Green Bridge Energy have formed a strategic venture ‘NetZero Logistics Inc.’ to invest in energy transition infrastructure for the logistics real estate sector.

NetZero Logistics will be a solution and capital provider for companies to achieve their Net Zero goals. The venture will incorporate solar, electric vehicle charging, battery storage and other technologies as it facilitates the electrification and clean energy transition of logistics real estate assets.

It will respond to opportunities in the commercial and industrial solar market and address the need for energy infrastructure. The team is already managing more than 35 MW of solar projects, which are under construction. Another 40 MW of solar and 50 MW of battery storage are under development.

“We are very excited to announce the formal launch of the NetZero platform, which NorthBridge and Green Bridge have been working on together for almost two years. We view the electrification of commercial fleets as a long-term secular trend that will require significant investment in the infrastructure of real estate sites over the next decade,” said Greg Lauze, NorthBridge Partners Co-Founder and Managing Partner.

Green Bridge traditionally has invested in numerous C&I energy transition projects, including community solar, microgrids and EV charging infrastructure.

“The growing demand for renewable energy in the commercial and industrial segments creates significant opportunities for capital allocation but also presents challenges for users and operators of the US grid. We believe that NetZero is well positioned to lead the electrification of infrastructure and its integration into the operating environment,” said Byrne Huddleston, Co-founder and CEO of Green Bridge Energy.