Macquarie Group Ltd. is teaming up with a New York-based venture firm to spot the next big thing in energy and infrastructure innovation.
The Australian bank will provide specialist knowledge and possibly financial backing for the project with R/GA Ventures, according to a statement Wednesday.
Macquarie’s New York-based program will help develop so-called infratech companies, which typically feature technology and data that can prove disruptive to the energy and infrastructure sectors. Eligible projects include those focused on energy storage and electric-vehicle charging networks. Applications will be accepted throughout the year starting this week.
“We’re not talking about doing a new technology out of the blue,” Michael Silverton, head of Macquarie Capital Americas, said in an interview. “We’re trying to