Nuveen Acquires Ally Energy Solutions for Distributed Power and Emissions Reduction
Nuveen, a leading global investment manager, has acquired a majority stake in Ally Energy Solutions, a specialist in complex, multi-site energy projects for Fortune 500 and large industrial clients. The deal, Nuveen's sixth under its Climate Inclusion Fund II, reflects the growing demand for distributed energy and electrification.
Ally Energy Solutions, now led by Brian Walterbach following Shane Mathis' departure, has executed over 1,000 projects nationwide. These projects have resulted in significant reductions in peak grid demand, totaling 60 MW, and have generated $55 million in cash credits for clients. Notably, Ally's projects have also avoided 578,000 tons of CO2 emissions and saved clients $276 million.
Nuveen's Private Equity Impact team, led by co-founder and CEO of Ally Energy Solutions, has acquired a majority stake in the company. This acquisition aligns with Nuveen's goal of providing clean, resilient power to mission-critical commercial and industrial (C&I) end users. As of June 30, 2025, Nuveen reports $24.1 billion in direct impact holdings across asset classes, demonstrating its commitment to climate, housing, and community development.
The acquisition of Ally Energy Solutions by Nuveen highlights the growth potential in specialized energy services that deliver both emissions reduction and cost savings. With the rising demand for distributed energy and electrification in the U.S., this deal is expected to further boost Ally's impact and expand Nuveen's portfolio in the clean energy sector.
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