FIH Partners advises Innargi, a leader in Geothermal energy, on a capital raise with ATP and NRGi as investors

FIH Partners advises Innargi, a leader in Geothermal energy, on a capital raise with ATP and NRGi as investors
Transaction:
Investments
Date:
Pending
Deal Value:
Undisclosed
Process:
Private auction
Industry:
Renewables

FIH Partners advises Innargi, a leader in Geothermal energy established to offer tailormade end-to-end ‘heat-as-a-service’ solutions for district heating companies, on a capital raise. The new investors in Innargi are the Danish pension fund ATP and local utility NRGi.

Innargi is a leader within geothermal heating solutions and provides a tailormade solution for district heating companies, utilising geothermal energy and custom-built plants to integrate the heating directly into the urban surroundings.

Innargi is working to rethink the way we heat urban buildings across the world and has made an agreement in Aarhus (Denmark) to build Europe’s largest Geothermal heating plant, marking an important milestone in the decarbonisation of heating in Europe.

ATP and NRGi will enter into Innargi as co-owners to support Innargi in their vision to rethink heating of buildings across the globe.

The transaction is expected to close during Q1 2022.

FIH Partners acted as exclusive M&A advisor to Innargi on the transaction.