Smart cities partnership signals convergence of digital and energy infrastructure

Sustainable infrastructure company Generate Capital and Ubiquity Management have announced a smart cities partnership to build fibre-to-the-premise networks and complementary sustainable digital infrastructure.

By combining Generate’s infrastructure-as-a-service model and Ubiquity’s expertise in fibre and broadband, partnership aims to offer municipalities and communities comprehensive access to digital and energy transition infrastructure solutions.

Sustainable infrastructure

Generate has acquired Ubiquity and its existing fibre networks in the Dallas-Fort Worth and Austin metro areas and in North County, San Diego, where Ubiquity currently serves more than 8,400 customers.

The partnership, which also includes founding Ubiquity shareholder Montage, expects to invest more than $400m in current projects to fund the completion of contiguous networks and will expand to serve additional cities.

This transaction expands Generate’s energy transition and sustainability-focused platform into smart cities and digital infrastructure. It accelerates Ubiquity’s existing fibre broadband operations and provides customers with a complete set of digital and sustainable energy solutions.

“Since inception, we have pioneered the four ‘D’s’ of the infrastructure revolution – decarbonised, democratised, decentralised, and digitised”

Generate already owns and operates more than 2,000 sustainable infrastructure assets across the power, waste, water and mobility sectors.

“Cities have been asking for a much more integrated approach to their digital and clean energy needs as we transition from the old model, and we are excited to grow our platform with the innovative Ubiquity team to bring these communities a great answer,” said Scott Jacobs, chief executive and co-founder of Generate Capital.