Key Takeaways
- • Strategic Value Partners (SVP) has made an initial capital commitment to NewEdge Power and formed a joint venture with a seed portfolio targeting up to 1.2 GW of utility-scale power capacity in the PJM market.
- • NewEdge will lead development of sites and grid interconnection positions, while funds managed by SVP provide capital to selected projects as they advance.
- • SVP's investment in NewEdge's platform will be funded over the investment period to expand the company's development team and capabilities.
- • SVP manages approximately $22 billion in assets and has invested more than $60 billion since its founding in 2001.
- • Andrew Shore, Managing Director on SVP's North American Investment Team, will become an observer on NewEdge's Board of Directors.
Summary
Strategic Value Partners has made an initial capital commitment to NewEdge Power and formed a joint venture that will launch with a seed portfolio targeting up to 1.2 GW of utility-scale power capacity in the PJM market, which serves electricity customers across 13 states and Washington, D.C. The partnership will focus on utility-scale power development while also providing capital to expand NewEdge's broader platform.
Under the arrangement, NewEdge will lead development activities, including securing attractive sites and grid interconnection positions in markets where new capacity is particularly valuable. Funds managed by SVP will provide capital to selected projects as they advance. SVP's investment in NewEdge's platform will also be funded over the investment period to help expand the company's development team and capabilities.
NewEdge develops utility-scale battery storage, solar, and distributed power projects across several U.S. electricity markets. The company was previously backed by SJF Ventures, which led its Series A financing in 2025, along with initial investment partners Segue Sustainable Infrastructure and North Sky Capital. According to the announcement, the company's leadership team has collectively worked on and delivered more than 48 GW of projects spanning battery storage, solar, wind, geothermal, hydroelectric, and conventional power.
NewEdge and SVP cite growing opportunities as electricity demand rises from data centers, manufacturing reshoring, and broader electrification. NewEdge CEO and Co-Founder Joe Nano said, "Battery storage has emerged as a critical part of the solution that can be delivered quickly to meet this need." Battery storage can provide new capacity on comparatively short development timelines while supporting grid reliability.
Mike Ungari, Global Head of Real Estate at SVP, said, "This partnership combines NewEdge's expertise to identify and advance those sites with SVP's capabilities investing across power and infrastructure." As part of the transaction, Andrew Shore, Managing Director on SVP's North American Investment Team, will become an observer on NewEdge's Board of Directors.
Under the arrangement, NewEdge will lead development activities, including securing attractive sites and grid interconnection positions in markets where new capacity is particularly valuable. Funds managed by SVP will provide capital to selected projects as they advance. SVP's investment in NewEdge's platform will also be funded over the investment period to help expand the company's development team and capabilities.
NewEdge develops utility-scale battery storage, solar, and distributed power projects across several U.S. electricity markets. The company was previously backed by SJF Ventures, which led its Series A financing in 2025, along with initial investment partners Segue Sustainable Infrastructure and North Sky Capital. According to the announcement, the company's leadership team has collectively worked on and delivered more than 48 GW of projects spanning battery storage, solar, wind, geothermal, hydroelectric, and conventional power.
NewEdge and SVP cite growing opportunities as electricity demand rises from data centers, manufacturing reshoring, and broader electrification. NewEdge CEO and Co-Founder Joe Nano said, "Battery storage has emerged as a critical part of the solution that can be delivered quickly to meet this need." Battery storage can provide new capacity on comparatively short development timelines while supporting grid reliability.
Mike Ungari, Global Head of Real Estate at SVP, said, "This partnership combines NewEdge's expertise to identify and advance those sites with SVP's capabilities investing across power and infrastructure." As part of the transaction, Andrew Shore, Managing Director on SVP's North American Investment Team, will become an observer on NewEdge's Board of Directors.
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