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Broadscale Group, a New York-based investment firm working with energy corporations, has announced its formation.

Broadscale says it has created a network of large power and utility companies - including Duke Energy, General Electric and National Grid - to invest in and help commercialize new technologies and services offered by growth-stage companies.

Broadscale also has formed a strategic relationship with Pegasus Capital Advisors LP, a leading private equity fund manager, to invest in deals that Broadscale identifies. Pegasus manages approximately $2.7 billion in assets, including a portfolio of energy and sustainable business investments.

Andrew L. Shapiro, Broadscale’s founder, says his firm will address the market challenges that have made it difficult for many energy companies and products to achieve mainstream success. He explains that significant capital requirements, complex regulations and long adoption periods often prevent these companies from reaching commercial scale.

“Capital is necessary, but not sufficient. New models of collaboration are needed to scale up breakthrough solutions. Broadscale will connect the right market participants, align their financial interests and partner with them to turn innovation into impact,” says Shapiro.




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