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JLL has announced its acquisition of Javelin Capital, a boutique investment bank specializing in renewable energy financing. The deal, expected to close following regulatory approval, will expand JLL’s capital markets platform and enhance its ability to guide clients through the clean energy transition. Javelin, founded in 2017, operates out of New York and Chicago, with CEO and Managing Director Matt Eastwick set to join JLL as part of the transition.

This acquisition comes amid unprecedented growth in the clean energy sector. In 2024, solar projects accounted for over 80% of new electricity capacity additions, surpassing coal in combined solar and wind energy production for the first time, according to a report by Ember. However, as data centers—some requiring energy comparable to small cities—continue to proliferate, power demand is pushing developers to rely on fossil fuel sources, threatening to undermine climate goals.

JLL’s move to acquire Javelin aligns with its strategy to strengthen clean energy expertise across global markets, particularly as the U.S. grapples with the need for enhanced grid infrastructure to support rising energy demand.