Balcor Companies has taken a stake in Kaizen Clean Energy, Inc., a developer of hydrogen-based distributed energy resources, according to a news release.
Terms of the investment were not disclosed.
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for decentralized power in transportation, power, agricultural, EV charging, municipalities, and hydrogen markets, according to the release.
Balcor Companies is an investment firm headquartered in the Museum District of Houston, Texas. They are composed of three divisions: hospitality, commercial real estate, and private equity.
Balcor’s founder and director, Chris Balat, said, “We are thrilled to make our first foray into the energy sector with Kaizen Energy as our trusted partner. Our association with Kaizen is a testament to our commitment towards a sustainable future, driving positive change in the world while delivering value to our stakeholders.”
Kaizen Clean Energy, a dynamic and forward-thinking energy company, is equally excited about the collaboration and its potential to accelerate clean energy adoption in the United States. Craig Klaasmeyer, Kaizen’s Co-Founder stated, “We welcome our future collaboration with Chris and his team at Balcor. Through our long-standing relationship with Balcor, we realize there is a shared vision of the potential for Kaizen to reduce global emissions.”
