Highly Efficient 940 MW Low Carbon Power Infrastructure Asset Supporting the Energy Transition
AlphaGen to Manage Lordstown Following Closing
BOSTON, Feb. 20, 2024 /PRNewswire/ — An affiliate of ArcLight Capital Partners, LLC (collectively, “ArcLight”) today announced it has entered into a definitive purchase agreement to acquire 100 percent of the equity ownership interests in Clean Energy Future Lordstown, LLC (“Lordstown“). Lordstown owns and operates a highly efficient 940 MW combined cycle gas-fired power facility located in Warren, Ohio. Financial terms of the private transaction were not disclosed.
Following the closing, ArcLight affiliate Alpha Generation, LLC (“AlphaGen”) will manage Lordstown in conjunction with its incumbent fleet of flexible, fast-ramping power infrastructure.
Commencing operations in October 2018, Lordstown is one of the newest and most efficient natural gas combined cycle power plants in the US, with access to advantaged gas supply. Lordstown operates as a baseload facility with a high-capacity factor, high levels of reliability, and a strong operational and safety track record – providing reliable and dispatchable energy supply to the PJM market, the largest competitive wholesale electricity market in the US.
“We expect …
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