Standard Bank Pledges R750 Million (USD43.1m) in New GX Capital's Airnergize Platform

Strategic partnership to scale Pan-African clean-tech utility Sustainable Power Solutions (SPS), accelerate renewable energy infrastructure and invest in other critical infrastructure for utilities.

JOHANNESBURG, November 2025 – Standard Bank, Africa's largest bank by assets, today announced a R750 million (USD43.10m) strategic equity partnership with Airnergize Capital, the clean technology platform owned by New GX Capital.

This landmark transaction establishes a strategic partnership to accelerate the deployment of renewable energy, water, and gas infrastructure across Southern and broader Africa. Airnergize Capital is a black-owned and controlled clean-tech platform focused on delivering measurable environmental and social outcomes.

The pledge from Standard Bank’s Corporate and Investment Banking (CIB) division will be specifically channelled into Sustainable Power Solutions (SPS), a key utility under the Airnergize Capital platform. SPS is a leading Pan-African energy utility that develops, owns, and operates commercial and industrial solar and battery storage solutions across South Africa, and in several sub-Saharan African and Indian Ocean countries. This capital injection will enable SPS to scale its operations significantly, fund new projects, and expand its footprint to meet the urgent demand for clean and reliable power.

"We are thrilled to be partnering with a successful entrepreneur and prolific dealmaker, leading the charge in South Africa's transition into a cleaner, more connected, and sustainably electrified environment," said Arnold van Wyk, Head of Equity Investments at Standard Bank CIB.

"Our pledge to Airnergize marks a key milestone in our commitment to accelerating Africa's energy and infrastructure transition. This partnership will serve as a catalyst for impactful investments in clean energy and related technologies, reinforcing our support for both utility-scale and decentralised projects,” said Willem Els, Vice President, Equity Investments at Standard Bank CIB.

The investment aligns directly with Standard Bank's ambitious sustainable finance targets, which include mobilising at least R450 billion by 2028, and its commitment to achieving net-zero financed emissions by 2050.

“We are thrilled to have attracted leading Pan Africa financial institution of the calibre of Standard Bank to invest in our business providing us with an ability to look at Transactions across Africa.” Said Khudusela Pitje, Founder and Group CEO of New GX Capital

“Our team is excited to drive utilities solutions for a sustainable tomorrow unlocking smart and decentralised grids “said Tebatso Modiba, Deal executive at Airnergize Capital

"Airnergize Capital's vision aligns perfectly with Standard Bank's commitment to sustainable financing solutions," said Khudusela Pitje of New GX Capital. "Partnering with Airnergize Capital allows us to scale impactful infrastructure and unlock long-term value for communities, businesses, and the continent's energy and utilities infrastructure ecosystem. We strongly believe this partnership will unlock a sustainable tomorrow for South Africa and the continent."