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Announced

ArcLight Capital Partners-backed Alpha Generation to acquire Clean Energy Future Lordstown from Macquarie Infrastructure Partners.

Synopsis

ArcLight Capital Partners-backed Alpha Generation, a strategic partnership formed to own and operate critical power infrastructure to help provide reliable, secure, safe, and sustainable sources of power and meet the growing infrastructure needs created by electrification, agreed to acquire Clean Energy Future Lordstown, a company that owns and operates a 940 MW combined cycle gas-fired power facility, from Macquarie Infrastructure Partners, a company that provides investment advisory services. Financial terms were not disclosed. "We expect Lordstown to play a critical role in providing reliable and affordable power to a tightening market experiencing significant demand growth driven by electrification and the proliferation of data centers. Highly efficient resources such as Lordstown are vital to the integration of renewable energy resources and ensuring the progression of the clean energy transition," Dan Revers, ArcLight Capital Partners Managing Partner.

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