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Goldman Teams Up With PE Firm Cleanhill for Climate Tech Deal

Goldman Sachs Group headquarters in New York.
Goldman Sachs Group headquarters in New York.Photographer: Michael Nagle/Bloomberg

Goldman Sachs Asset Management has teamed up with private-equity firm Cleanhill Partners to buy a majority stake in clean energy firm EPC Power Corp. for an undisclosed price.

EPC Power is “uniquely positioned to play a critical role in the evolution of the US solar and energy storage value chains,” said Alexander Mass, managing director of Goldman Sachs Asset Management, in a statement Thursday. He also highlighted the company’s decision to make its products in the US.