Crossover Energy Partners (“Crossover”) today announced an exclusive relationship with KKR, one of the world’s leading investment firms.

Crossover Energy Partners’ mission is to support renewable energy initiatives and decarbonization goals for large energy users by designing cost-effective and innovative solutions tailored to their specific needs. Led by founders Tiago Sabino Dias, CEO, and Michael Grunow, president, the Crossover team consists of industry veterans who have contracted or developed over 10.5 GW of renewable energy and 11.7 GWh of energy storage products over the last three years. Its customers include utilities, municipalities, co-ops, community choice aggregations (CCAs), investor-owned utilities (IOUs), and large industrial entities.

The need for end-to-end energy transition solutions is growing, as evidenced by The New Energy Outlook, BloombergNEF’s annual analysis on the future of the energy economy. According to BNEF’s report, wind and solar are anticipated to account for 56% of global electricity generation by mid-century and, together with batteries, will take 80% of the $15.1 trillion invested in new power capacity over the next 30 years. This growth is fueled by the sharp decline of utility-scale lithium-ion battery costs, which are reported to drop 52% by 2040.

Read more/Source: altenergymag