In early 2024, TPG launched a Transition Infrastructure strategy within TPG Rise Climate, led by Scott Lebovitz, Managing Partner and Head of Infrastructure. Lebovits said: "We are excited to partner with Altus Power, which has established itself as a leader in commercial scale, clean power solutions with an exceptional track record of growth." According to Altus Power, the transaction will help the company to scale its operations more rapidly, addressing "surging demand for increased power generation." Gregg Felton, CEO of Altus Power, said: "We are incredibly excited to partner with TPG Rise Climate to continue to build our position as the leading commercial-scale provider of clean electric power to businesses and households from coast to coast. TPG Rise Climate's deep expertise in the clean energy sector, investment-oriented mindset and value-driven approach to infrastructure development aligns perfectly with our vision.