I Squared's Strategic Expansion with the Ramudden Global Deal: A Catalyst for Renewable Energy Infrastructure

The global transition to renewable energy infrastructure has emerged as one of the most compelling long-term investment themes of the 21st century. As governments and corporations accelerate decarbonization efforts, infrastructure investors are uniquely positioned to capitalize on the structural demand for clean energy systems, grid modernization, and sustainable logistics. I Squared Capital, a leading global infrastructure investor managing $50 billion in assets across 70 countries, has made a strategic move to reinforce its position in this evolving landscape. The acquisition of Ramudden Global-a leader in traffic management and infrastructure safety-complements its broader Energy Transition Infrastructure strategy, which includes high-impact projects like the Zenith Energy Terminal and the Broadwing Energy carbon capture initiative. Together, these moves underscore a coherent vision: to build a diversified portfolio of essential infrastructure assets that align with global climate goals while delivering robust returns.

Ramudden Global: Strengthening the Foundations of Energy Transition

Ramudden Global's core competencies in traffic management and infrastructure safety may not immediately appear tied to renewable energy, but its role in enabling large-scale infrastructure projects is critical. The company operates in 13 countries across North America and Europe, with over 5,000 employees and a turnover exceeding EUR 1 billion. Its recent acquisitions, such as Curtin Co. and Carolina Traffic Devices in the U.S. and Verkehrstechnik Böber GmbH in Germany, have expanded its capacity to provide road safety solutions in key markets. These services are indispensable for the logistics and construction of renewable energy projects, where safe and efficient traffic management is essential for transporting equipment and minimizing disruptions.

For instance, the development of wind farms, solar parks, and hydrogen hubs often requires temporary road closures, heavy machinery transport, and coordination with local authorities-areas where Ramudden's expertise is invaluable. By acquiring Ramudden, I Squared is not only securing a leader in infrastructure safety but also enhancing its ability to support the physical deployment of renewable energy projects. This indirect yet strategic alignment positions I Squared to address a frequently overlooked but critical component of the energy transition: the infrastructure that enables it.

Direct Renewable Energy Investments: Zenith, Broadwing, and Beyond

While Ramudden's role is foundational, I Squared's direct investments in renewable energy infrastructure are equally transformative. The firm's acquisition of the Zenith Energy Terminal in Portland, Oregon, exemplifies its commitment to decarbonizing energy storage. The terminal, with 1.7 million barrels of storage capacity, is transitioning from fossil fuel storage to 100% renewable fuels-including renewable diesel and sustainable aviation fuel-by October 2027. This project aligns with Portland's clean fuel policy goals and positions I Squared as a key player in the U.S. West Coast's renewable fuel logistics network.

Equally significant is the Broadwing Energy project, a 400 MW natural gas-fired power plant in Decatur, Illinois, equipped with carbon capture and sequestration (CCS) technology. In partnership with Low Carbon Infrastructure and Google, I Squared aims to capture over 90% of the plant's CO₂ emissions, with commercial operations expected by 2030. This initiative represents the first corporate offtake agreement for a CCS-enabled power plant and could serve as a blueprint for low-carbon electricity generation in heavy industries.

In the UK, I Squared's $200 million investment in Aurora, an Independent Distribution Network Operator (IDNO), further strengthens its grid infrastructure portfolio. Aurora's "last-mile" electric grid connectivity is vital for expanding EV charging networks, battery storage, and residential electrification. These projects collectively demonstrate I Squared's ability to diversify its renewable energy holdings while addressing technical and regulatory challenges inherent in the energy transition.

Strategic Synergies and Legislative Tailwinds

I Squared's strategy is further bolstered by favorable legislative frameworks, such as the U.S. Inflation Reduction Act (IRA), which provides tax incentives for clean energy projects. The firm's ability to leverage these policies-combined with its global operational scale-creates a virtuous cycle: investments in renewable infrastructure generate long-term cash flows while contributing to decarbonization targets.

The Ramudden acquisition, in particular, enhances I Squared's operational resilience. By integrating Ramudden's safety services into its broader infrastructure portfolio, the firm can mitigate risks associated with project execution, regulatory compliance, and community engagement. This synergy is especially relevant in regions like Europe, where stringent safety standards and public scrutiny of infrastructure projects are the norm.

Conclusion: A High-Conviction Bet on Renewable Infrastructure

The convergence of I Squared's strategic acquisitions and direct renewable energy investments reflects a forward-looking approach to infrastructure investing. While Ramudden Global may not be a renewable energy company per se, its role in enabling the physical deployment of clean energy projects is a testament to the interconnected nature of the energy transition. Coupled with high-impact assets like Zenith and Broadwing, I Squared's portfolio is well-positioned to benefit from the structural growth of renewable infrastructure.

For investors, this strategy offers a compelling case: a diversified, asset-light approach to decarbonization that balances risk and return. As global energy systems continue to evolve, I Squared's emphasis on both foundational and cutting-edge infrastructure will likely cement its role as a leader in the renewable energy transition-a theme with enduring relevance in the decades ahead.