MicroGrid Networks Closes on Strategic Investment from Palisade Infrastructure to Install Battery Energy Storage Systems for Reliable Electricity in New York City

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NEW YORK--(BUSINESS WIRE)--Feb 19, 2026--

MicroGrid Networks, LLC (“MGN”), a leading developer, owner, and operator of battery energy storage systems in New York City, today announced the closing of a strategic investment from Palisade Infrastructure (“Palisade”), in partnership with SER Capital Partners (“SER”). The transaction supports MGN’s continued growth across New York City and adjacent markets.

The partnership with Palisade provides MGN with additional capital and resources to accelerate its next phase of growth. MGN currently has over 250 MWh of battery energy storage projects under construction and has established a significantly larger development pipeline across its exclusively controlled sites. Under the transaction, Palisade will invest in MGN’s operating and construction-stage projects and make a strategic investment in the platform company. SER will retain a majority ownership stake in the platform company and continue to actively support the company alongside Palisade and the MGN management team. Financial terms were not disclosed.

Founded in 2018 and headquartered in Brooklyn, New York, MGN is an established developer, owner, and operator of battery energy storage and electric vehicle charging systems in New York City. The company was among the first developers to interconnect energy storage systems directly into the City’s mesh network grid. MGN has built an integrated development platform with deep in-house capabilities spanning origination, engineering and design, procurement, construction management, operations, and asset management.

MGN’s battery energy storage facilities help alleviate transmission congestion and enhance grid reliability by delivering localized, cost-effective energy capacity in dense urban environments. The company’s projects also support New York State and New York City’s ambitious clean energy and greenhouse gas reduction goals.

In addition to advancing its existing development pipeline, MGN will seek complementary acquisition opportunities.

Tim Dumbleton, Chief Executive Officer of MGN, said, “With Palisade’s added strategic capital, MGN can further leverage its deep local market expertise to scale the buildout of battery energy storage for added reliability throughout New York City and adjacent markets. We are excited to partner with Palisade alongside SER as we accelerate the next phase of growth for the business.”

Mike Reynolds, Partner and Head of Americas at Palisade, said, “We are excited to support MGN at this pivotal stage of the company’s evolution and to partner with SER and the MGN management team. New York City faces structural supply and reliability challenges that require flexible, localized energy infrastructure solutions. MGN’s technical expertise and proven development and operating capabilities position the company exceptionally well to address these needs.”

Rahul Advani, Managing Partner and CEO of SER Capital Partners, said, “We are pleased to welcome Palisade Infrastructure as a partner in MGN. This transaction reflects the continuation of SER’s vision to build the premier energy storage platform serving neighborhoods across New York City. We look forward to supporting MGN alongside Palisade with a shared commitment to sustainable, reliable, and affordable power.”

Guggenheim Securities served as exclusive financial advisor and Jones Day served as legal counsel to MGN and SER. A&O Shearman LLP served as legal counsel to Palisade.

About MicroGrid Networks

MicroGrid Networks develops, finances, owns, and operates clean energy facilities which are monitored and managed as an advanced energy network. The company is currently deploying a network of advanced, resilient clean energy storage facilities in the dense urban coastal environments of New York City. Its attractive, quiet, and modular facilities are designed to provide resiliency and load relief to utility distribution networks, mitigate risks to life and property from extreme weather and tidal events, increase local supply of cost-competitive energy, drive investment and employment in the neighborhoods where they are located, and directly assist the State and City of New York in meeting their greenhouse gas reduction goals. More is available at www.mgn.energy.

About Palisade Infrastructure

Palisade Infrastructure is part of the Palisade Group, a global independent, specialist infrastructure and real assets manager. Palisade Group has 45 active investments in its portfolio covering a broad range of sectors. Palisade Infrastructure’s North American capability focuses on the energy, digital, and transport & logistics infrastructure sectors. Palisade Infrastructure has a partnership-focused approach with a long-term investment horizon. More is available at www.palisadegroup.com.

About SER Capital Partners

SER Capital Partners is a middle-market private equity firm dedicated to investing in North American businesses driving clean power, electrification and resource efficiency. Its team members have amassed decades of experience in its targeted sectors both as private equity investors and senior executives. The firm actively creates attractive investments often underpinned by critical assets in partnership with talented management teams. More is available at https://sercapitalpartners.com/.

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CONTACT: Media Contact

MicroGrid Networks

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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY ENVIRONMENT OTHER ENERGY UTILITIES

SOURCE: MicroGrid Networks, LLC

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PUB: 02/19/2026 02:18 PM/DISC: 02/19/2026 02:19 PM

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