Strategic Partnership Between Penomo and Hoovest Financial Group: Transforming Renewable Energy Investment
Penomo has entered into a significant strategic partnership with Hoovest Financial Group, who together manage over a billion dollars in assets. This collaboration is set to catalyze the inflow of institutional capital into tokenized infrastructure projects, effectively bridging the gap between renewable energy operators and beneficiaries of physical AI and private capital.
The Shift Towards Sustainable Energy and Infrastructure
As the global focus shifts towards sustainable energy and physical AI, there is a burgeoning need for substantial capital investments in vital infrastructure like solar power systems, data centers, and machinery. Traditional financing methods, including debt funding and structured equity, often prove to be cumbersome and capital-intensive. Institutions aiming to allocate capital towards asset-based investments face significant challenges, such as high entry barriers, limited liquidity, and inefficient instruments for capital deployment.
Penomo’s Innovative Funding Protocol
Penomo is addressing these challenges with its end-to-end funding protocol, which converts heavy, infrastructure-backed assets into institutional-grade digital assets through tokenization. This innovative approach reduces barriers to entry and facilitates investments that align with sustainability goals while streamlining multi-channel financing for energy and AI infrastructure. Although the tokenization of capital markets and real estate has seen traction, infrastructure financing remains relatively nascent, yet is steadily gaining momentum through the involvement of notable companies like Ant Group, GCL Energy, and Enel Group.
Bridging the Financing Gap with Hoovest
Recognizing the imperative for sustainable investment, Penomo and Hoovest Financial Group are unveiling a strategic partnership designed to unlock institutional capital for tokenized renewable energy and AI infrastructure assets. The surge in demand for AI data centers, energy storage solutions, and next-gen data facilities necessitates significant financial input for effective development. Hoovest, which oversees over $1 billion in assets, is poised to leverage Penomo’s digital infrastructure to enable capital deployment in sustainable energy and AI projects, enhancing accessibility for institutional investors and financial institutions.
Accelerating Renewable Energy Projects
This collaboration will provide renewable energy initiatives and AI-driven infrastructure—both in development and operational stages—with swift, adaptable, and profitable capital. By doing so, it aims to narrow the financing gap essential for the global energy transition and the expansion of sustainable AI initiatives.
Expert Insights on the Partnership’s Value
Peter Fang, CEO of Hoovest Financial Group, emphasized the evolving landscape of sustainable investment mandates, noting that investors are increasingly seeking high-quality, tangible assets that deliver sustainability impacts. He stated, “With Penomo, we meet this need, offering our capital market for rationalized access to real investments backed by actual infrastructure, ensuring long-term value and sustainability.”
Transforming Access to Sustainable Infrastructure
Jasvir Dhillon, co-founder and CEO of Penomo, remarked, “Energy and AI transition projects require a reinvention of stagnant and expensive traditional financing. Our initiative opens new avenues for institutional investors, enabling them to gain streamlined exposure to sustainable infrastructure assets in a liquid, scalable, and fully transparent manner. Teaming with Hoovest, which has strong institutional foundations, allows us to go beyond conventional ESG commitments, redirecting focus towards financial innovation and establishing sustainable energy and AI infrastructure as a premier asset class.”
About Hoovest Financial Group
Hoovest Financial Group specializes in investment management, focusing on sustainable and alternative assets. Through its array of regulated entities, Hoovest provides funding and structuring solutions for institutional investors, asset managers, and family offices seeking access to high-growth and sustainable investment opportunities. Their joint subsidiary, Unitize Fund Solutions Inc., manages over $1 billion in assets, offering robust structuring, administration, and distribution solutions for premier funds.
About Penomo
Penomo is an end-to-end financial protocol dedicated to connecting private capital markets with physical infrastructure and tokenized renewable energy, addressing the urgent $4 trillion energy financing deficit. Backed by leading institutions and recognized with the Earthshot Prize from Standard Chartered, Penomo draws on extensive experience honed at JPMorgan Chase, Deutsche Bank, and BlackRock to empower sustainable investments on Earth and beyond.