We intend to pursue opportunities created by the accelerating transition toward sustainable use of energy and natural resources. (This is the second blank-check company or SPAC formed by ArcLight Capital Partners. This SPAC (special purpose acquisition company) is incorporated in the Cayman Islands.)

The renewable energy sector has emerged from a niche source of electricity to be the key driver of growth in the industry, with an estimated $1.5 trillion invested globally between 2015 through 2019 according to the IEA. Our sponsor has been a leader in identifying this trend and making investments in the renewable energy sector. Our primary areas of focus include products, equipment, services and technologies enabling the continued decarbonization of the economy. We plan to target companies that serve rapidly growing segments in the clean energy ecosystem, including renewable power generation, energy storage, the distributed electrical grid, zero-emission transportation, renewable fuels, carbon capture, utilization and storage, zero/low-carbon industrial applications and sustainable manufacturing. We believe that market leaders within these high-impact segments can deliver superior long-term returns to equity investors.

Our sponsor is an affiliate of ArcLight Capital Partners, LLC , one of the leading private equity firms focused on energy infrastructure investments in North America. Since inception, ArcLight has been at the forefront of the energy transition, investing $23 billion in 111 platform investments across the energy infrastructure landscape, including about 5 gigawatts of renewable generation. Daniel R. Revers is our chairman. Mr. Revers is the founder of ArcLight Capital Partners. John F. Erhard, an ArcLight Capital partner,  is our president, CEO and a director. 

(Note: ArcLight Clean Transition Corp. II upsized its SPAC IPO at pricing: 27.5 million units, up from 25 million, were priced at $10 each to raise $275 million.)