XIP Advises SMT Energy on $268 Million Equity Partnership with Climate Adaptive Infrastructure

Parent-level equity partnership provides long-term capital to accelerate SMT's battery storage development, ownership and operating platform

NEW YORK, Sept. 24, 2026 /PRNewswire/ -- SMT Energy ("SMT"), a developer, owner and operator of battery energy storage systems, has entered into an equity partnership with Climate Adaptive Infrastructure ("CAI") for up to $268 million at the parent-company level, in addition to $32 million CAI has already deployed into SMT assets.

CAI's investment, together with tax equity and project-level debt, will fund the development, construction and operation of SMT's battery storage portfolio across the United States, spanning distributed-generation and utility-scale battery storage as well as powered land projects designed to strengthen grid reliability.

XIP served as financial advisor to SMT Energy on the transaction. Stoel Rives served as legal counsel to SMT Energy. Orrick served as legal counsel to CAI.

View the SMT Energy & CAI announcement: prnewswire.com

ABOUT EXPEDITION INFRASTRUCTURE PARTNERS
XIP is a merchant banking platform specializing in critical infrastructure and adjacent markets. XIP partners with clients and portfolio companies through both strategic advisory and principal investing, providing deep sector expertise, transaction know-how, and long-term, flexible capital. XIP focuses on next-generation infrastructure — including power, connectivity, data centers, environmental controls, engineering & construction, and their supporting ecosystems — aiming to unlock value by leveraging strong relationships, domain experience, and an investor's mindset.

CONTACT
Rob Sternthal, Managing Partner
[email protected] 

Securities Products and Investment Banking Services are offered through BA Securities, LLC. Member FINRA SIPC. Expedition Infrastructure Partners and BA Securities, LLC are separate, unaffiliated entities. To learn more about the professional background of Expedition Infrastructure Partners and our registered representatives, please visit FINRA BrokerCheck. The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success. This release contains forward-looking statements regarding SMT Energy's and CAI's respective plans and expectations that are subject to risks and uncertainties which could cause actual results to differ materially from those anticipated.

SOURCE Expedition Infrastructure Partners, LLC