Seraya Partners to invest US$500 million in Faraday Energy, with Schneider Electric as principal technology partner
Faraday combines Schneider’s global energy technology leadership with Seraya’s infrastructure capital and platform-building expertise. Seraya will commit up to US$500 million of equity capital to support Faraday’s growth across Asia Pacific and Gulf Cooperation Council countries as well as other selected international markets.
Faraday will develop, finance, own and operate distributed and customer-sited energy infrastructure projects. These projects will provide energy and decarbonisation solutions on an OpEx-based model to commercial and industrial facilities, power and grid infrastructure operators and data centres.
Under long-term contracted arrangements, Faraday will deliver vendor-agnostic, scalable and future-ready energy solutions and management to support customers’ transition toward lower-carbon operations.
Combining Capital and Technology Leadership
Schneider will be the principal technology partner for Faraday, leveraging its global R&D capabilities, local implementation footprint and longstanding customer relationships.
Working in close collaboration, Faraday and Schneider will originate, structure and execute projects that integrate proven technical solutions with infrastructure-grade financing and long-term asset ownership. This model allows customers to access Schneider’s advanced energy technologies through a capital-efficient, OpEx-based structure supported by long-term investment.
Seraya will lead the capitalisation, governance and institutional development of Faraday, drawing on its experience building scaled infrastructure platforms across digital infrastructure and energy transition sectors.
Together, the partnership creates a scalable model that bridges the gap between energy technology innovation and long-term infrastructure capital.
Enabling the Next Phase of Energy Transition Infrastructure
Rising electricity demand from digital infrastructure, industrial electrification and corporate decarbonisation commitments is driving the need for reliable and low-carbon energy solutions. At the same time, many enterprises seek to optimise Total Cost of Ownership (“TCO”) while preserving balance sheet flexibility.
Faraday addresses this need by integrating technology deployment, operational expertise and long-term financing within a single platform. The platform will fund and own long-life energy infrastructure assets, while customers benefit from predictable OpEx-based payments under long-term contracts and improved TCO.
“Customers are seeking trusted partners who can deliver both technical capability and long-term delivery certainty,” said Yoon Young Kim, Cluster President, Singapore and Brunei, Schneider Electric, “Through Faraday, we can extend our cutting-edge energy technology solutions to customers who need both innovation and capital support”
“Enterprises increasingly require energy solutions that are both technologically advanced and financially sustainable,” said James Chern, Managing Partner and Chief Investment Officer of Seraya Partners. “Faraday enables customers to adopt advanced energy infrastructure on an infrastructure-as-a-service basis. By combining Schneider’s global technology leadership with Seraya’s long-term capital, we are building a scalable platform positioned for long-term growth.”
As part of the platform launch, Peter Goh has been appointed Chief Executive Officer of Faraday, responsible for building and scaling the platform across its target markets. He was most recently Chief Executive Officer and Board Member of NaviX Solutions, a fully-owned subsidiary of Schneider, and brings over 16 years of experience in the energy sector.