SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	17.SUBSEQUENT EVENTS Francis On April 5, 2022, we committed to invest up to $50 million in Francis Renewable Energy, LLC ("Francis") through the purchase of preferred equity interests, subject to adjustment in certain circumstances, which when completed will make us the second largest shareholder in Francis. Francis currently is active in the installation, management and operation of metered-for-fee, public-access electric vehicle (“EV”) charging stations. Founded in 2015 and based in Tulsa, Oklahoma, Francis is a leading operator of EV chargers in the state of Oklahoma with plans to service states across the Midwest and Eastern U.S. Francis also develops and constructs EV charging stations for third-party customers. Francis’ goal is to provide EV drivers convenient, affordable, easy to use public access to charging stations. Our investment in Francis furthers our business strategy to develop strategic relationships to invest in attractive opportunities in the fast-growing energy infrastructure transition. We funded our first commitment payment of $20 million on April 5, 2022, in the form of a convertible note with a maturity date of April 1, 2023. The note converts into preferred equity interests in Francis at maturity, or any time prior at our option. We have determined the note more closely represents equity as opposed to debt. Therefore, we will account for the convertible note as an equity method investment although we will not participate in Francis’ earnings or losses and will not be eligible to receive distributions until the note converts. We have options exercisable over the next 12 months to acquire the remaining preferred equity interests as part of our investment. Infinitum On April 29, 2022, we purchased $32.6 million of Series D Preferred Stock from Infinitum Electric, Inc. (“Infinitum”), a Texas-based startup developer and manufacturer of electric motors featuring printed circuit board stators which have the potential to result in motors that are smaller, lighter, quieter, more efficient and capable of operating at a fraction of the carbon footprint of conventional electric motors. The preferred stock provides for non-cumulative dividends when and if declared by Infinitum’s board of directors. Each share is convertible, at any time, at our option, into shares of common stock of Infinitum. We plan to account for our ownership interest in Infinitum as an equity investment without a readily determinable fair value, wherein we use a measurement alternative other than fair value, because it is not practicable to estimate the fair value due to the lack of a quoted market price for our ownership interests.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2022

17.SUBSEQUENT EVENTS

Francis

On April 5, 2022, we committed to invest up to $50 million in Francis Renewable Energy, LLC ("Francis") through the purchase of preferred equity interests, subject to adjustment in certain circumstances, which when completed will make us the second largest shareholder in Francis. Francis currently is active in the installation, management and operation of metered-for-fee, public-access electric vehicle (“EV”) charging stations. Founded in 2015 and based in Tulsa, Oklahoma, Francis is a leading operator of EV chargers in the state of Oklahoma with plans to service states across the Midwest and Eastern U.S. Francis also develops and constructs EV charging stations for third-party customers. Francis’ goal is to provide EV drivers convenient, affordable, easy to use public access to charging stations. Our investment in Francis furthers our business strategy to develop strategic relationships to invest in attractive opportunities in the fast-growing energy infrastructure transition.

We funded our first commitment payment of $20 million on April 5, 2022, in the form of a convertible note with a maturity date of April 1, 2023. The note converts into preferred equity interests in Francis at maturity, or any time prior at our option. We have determined the note more closely represents equity as opposed to debt. Therefore, we will account for the convertible note as an equity method investment although we will not participate in Francis’ earnings or losses and will not be eligible to receive distributions until the note converts. We have options exercisable over the next 12 months to acquire the remaining preferred equity interests as part of our investment.

Infinitum

On April 29, 2022, we purchased $32.6 million of Series D Preferred Stock from Infinitum Electric, Inc. (“Infinitum”), a Texas-based startup developer and manufacturer of electric motors featuring printed circuit board stators which have the potential to result in motors that are smaller, lighter, quieter, more efficient and capable of operating at a

fraction of the carbon footprint of conventional electric motors. The preferred stock provides for non-cumulative dividends when and if declared by Infinitum’s board of directors. Each share is convertible, at any time, at our option, into shares of common stock of Infinitum. We plan to account for our ownership interest in Infinitum as an equity investment without a readily determinable fair value, wherein we use a measurement alternative other than fair value, because it is not practicable to estimate the fair value due to the lack of a quoted market price for our ownership interests.