KKR announced that it agreed to take a majority stake in solar power developer and operator Avantus. With the only other equity investor in the company, EIG, the two companies have arranged a combination of equity and development financing facility that should total "upwards of $1 billion in the aggregate."

Avantus, founded as 8minute Solar Energy in 2009, claims a "project pipeline of 30 GWp of solar and 94 GWh of battery storage, enough to provide 20 million people with clean, reliable power." It claimed a "substantial presence and track-record of successful development in the southwestern U.S. and California power markets" and a history of having developed and sold "6.5 GWp and 6.3 GWh of solar and storage projects, respectively."

It would be difficult to argue against the future importance of solar power in the U.S. The Inflation Reduction Act of 2022 made clear the need for ongoing creation of sustainable energy through the high financial support given to support the industry. Both generation and storage become two halves of where the country needs to invest.