SMT Energy, a developer and operator of battery energy storage systems, has announced an equity partnership with Climate Adaptive Infrastructure (CAI) worth up to $268 million. This follows $32 million previously deployed by CAI into SMT assets. The investment will fund development, construction and operation of battery storage projects across the United States. Combined with tax equity and project-level debt, the capital is expected to enable infrastructure development with aggregate value significantly exceeding the equity provided. SMT's portfolio includes distributed-generation battery storage, utility-scale projects and powered land developments aimed at strengthening grid reliability. CAI's investment aligns with its strategy of supporting scalable infrastructure platforms addressing demand for resilient, lower-carbon energy solutions. Expedition Infrastructure Partners advised SMT Energy on the transaction, with Stoel Rives providing legal counsel. Orrick served as legal counsel to CAI.

CAI, a professional services firm specialising in operational readiness for life sciences and mission-critical environments, has agreed to a partnership with New York-based private equity firm JLL Partners to support its next growth phase. The investment will enable CAI to expand its global presence, invest in advanced technologies and enhance its service offerings. The company, which has operated for over 30 years, employs more than 700 professionals across North America, Europe, Australia and Asia. JLL Partners managing director Vikas Mouli cited CAI's reputation for launching cutting-edge facilities with precision and reliability. The transaction has signed definitive documentation but has not yet closed, pending regulatory approvals. CAI specialises in commissioning, qualification and validation services for highly regulated environments, helping organisations deploy complex facilities, systems and technologies.