KKR to Invest $418 Million in HMC's Energy Transition Platform

By Kelly Cloonan

KKR and HMC Capital are teaming up with the New York City-based firm investing in the Australian asset manager's energy transition platform.

KKR-managed funds will put up to 603 million Australian dollars, about $418 million, into the platform, the companies said Thursday.

The investment will allow them to scale the existing platform, including the development of new battery storage and wind projects, the companies said.

The platform aims to supply clean energy generation capacity to support growing energy demand from consumer, industrial and emerging artificial intelligence users in Australia.

Write to Kelly Cloonan at [e-mail]

(END) Dow Jones Newswires

02-05-26 1759ET