Advanced Power Secures $100 Million for Energy Development Projects
On January 9, 2025, Advanced Power, a leading name in energy infrastructure development, announced the successful closure of a $100 million corporate credit facility aimed at bolstering its portfolio of sustainable energy projects. This financing is pivotal as it aligns with the company’s vision of advancing a reliable and sustainable energy future while addressing the increasing demand in various U.S. markets.
Advanced Power is renowned for its diverse approach to energy generation, focusing not only on renewable sources but also on modern technologies like battery energy storage systems (BESS) and high-efficiency combined-cycle natural gas turbine (CCGT) facilities. With this latest financing, the company plans to expand its development pipeline, which currently stands at an impressive 8 gigawatts (GW) across key areas in the United States.
According to Tom Spang, the CEO of Advanced Power, the company is dedicated to expanding low- and no-carbon electric generation capacities in response to burgeoning demands prompted by factors such as rising data center operations and demographic transitions. "The market's continued recognition of our successful track record validates our strategic direction and growth potential," Spang stated.
The credit facility was arranged with the expertise of PEI Global Partners, alongside legal consultations from Linklaters LLP and Nixon Peabody. Notable financial supporters of this facility include Nomura Securities International Inc. and Sumitomo Mitsui Banking Corporation, reflecting the confidence placed in Advanced Power's operational capabilities and innovative strategies.
This capital infusion will enhance Advanced Power’s financial security, allowing for project development activities that encompass not only equipment procurement and commercial partnerships but also vital operational construction. The continuation of low-carbon, sustainable energy initiatives is essential for combating climate change while meeting energy needs across prominent energy markets including Desert Southwest, ERCOT, MISO, PJM, and SPP.
The projects currently under development by Advanced Power reveal its commitment to sustainability and innovation, featuring solar farms integrated with BESS and standout CCGT facilities. The projects include:
Advanced Power’s approach emphasizes not only technological advancement but also job creation and economic development in the communities it touches. Since its establishment, the firm has been instrumental in effecting substantial reductions in CO2 emissions through the deployment of modern energy infrastructure.
In conclusion, as Advanced Power embarks on this ambitious endeavor, the company continues to pave the way towards an energy landscape that prioritizes ecological sustainability, economic growth, and community resilience. With upcoming projects on the horizon, the commitment to creating a sustainable energy future remains steadfast, aiming to fulfill the growing demands of society while preserving the environment for generations to come.
For further details on Advanced Power’s projects and impact, visit Advanced Power’s official site.
Advanced Power is renowned for its diverse approach to energy generation, focusing not only on renewable sources but also on modern technologies like battery energy storage systems (BESS) and high-efficiency combined-cycle natural gas turbine (CCGT) facilities. With this latest financing, the company plans to expand its development pipeline, which currently stands at an impressive 8 gigawatts (GW) across key areas in the United States.
According to Tom Spang, the CEO of Advanced Power, the company is dedicated to expanding low- and no-carbon electric generation capacities in response to burgeoning demands prompted by factors such as rising data center operations and demographic transitions. "The market's continued recognition of our successful track record validates our strategic direction and growth potential," Spang stated.
The credit facility was arranged with the expertise of PEI Global Partners, alongside legal consultations from Linklaters LLP and Nixon Peabody. Notable financial supporters of this facility include Nomura Securities International Inc. and Sumitomo Mitsui Banking Corporation, reflecting the confidence placed in Advanced Power's operational capabilities and innovative strategies.
This capital infusion will enhance Advanced Power’s financial security, allowing for project development activities that encompass not only equipment procurement and commercial partnerships but also vital operational construction. The continuation of low-carbon, sustainable energy initiatives is essential for combating climate change while meeting energy needs across prominent energy markets including Desert Southwest, ERCOT, MISO, PJM, and SPP.
The projects currently under development by Advanced Power reveal its commitment to sustainability and innovation, featuring solar farms integrated with BESS and standout CCGT facilities. The projects include:
- - Elio Energy: 200 MW solar with 400 MWh BESS in Brazoria County, Texas.
- - Calypte Solar: a noteworthy installation of 355 MW solar paired with 800 MWh BESS in Graham County, Arizona.
- - A significant 1,200 MW CCGT facility named Maple Creek Energy located in Sullivan County, Indiana.
Advanced Power’s approach emphasizes not only technological advancement but also job creation and economic development in the communities it touches. Since its establishment, the firm has been instrumental in effecting substantial reductions in CO2 emissions through the deployment of modern energy infrastructure.
In conclusion, as Advanced Power embarks on this ambitious endeavor, the company continues to pave the way towards an energy landscape that prioritizes ecological sustainability, economic growth, and community resilience. With upcoming projects on the horizon, the commitment to creating a sustainable energy future remains steadfast, aiming to fulfill the growing demands of society while preserving the environment for generations to come.
For further details on Advanced Power’s projects and impact, visit Advanced Power’s official site.
Topics Energy）
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