Enhancing Power Generation with OIC and MidCentral
In a significant move towards innovative energy solutions, MCEP Holdings, LLC has secured a notable $75 million capital partnership with Orion Infrastructure Capital (OIC). This partnership sets the stage for MidCentral to launch a transformative initiative called PowerStream Dynamics (PSD), a company dedicated to delivering mobile power and microgrid solutions.
Investing in Mobile Power Generation
The capital invested by OIC is earmarked for MidCentral’s new venture into mobile power generation. By facilitating the acquisition of up to 100 megawatts of natural gas-fired power generation, PSD aims to operate primarily in regions with limited access to grid power. This strategy is designed not only to enhance operational uptime but also to drive considerable economic and environmental benefits for its clientele.
Building on Past Successes
This partnership is a continuation of a beneficial relationship formed between OIC and MidCentral in 2019. By drawing on past achievements, OIC seeks to leverage its investment experience in distributed power generation sectors tailored for industrial, municipal, and energy stakeholders. Furthermore, a portion of the funding will propel MidCentral's core services while boosting innovation within the company specifically targeting improved asset performance.
Insights from Leadership
Kristian Kos, the chief executive officer of MidCentral, expressed enthusiasm about the renewed collaboration with OIC. "We are excited to expand our business further by utilizing both MidCentral’s robust asset performance platform and OIC’s operational expertise," he stated, highlighting the potential synergies of the partnership.
A Strategic Investment Approach
The support from OIC is drawn from its Infrastructure Credit Strategy, which focuses on offering non-dilutive and adaptable capital solutions to middle market infrastructure businesses across North America. This strategy emphasizes the increasing demand for sustained investment and innovation in sustainable infrastructure.
Opportunities for Growth
Ethan Shoemaker, Investment Partner and Head of Infra Credit at OIC, also shared his excitement. "Joining forces with MidCentral again represents an exciting opportunity to not only support an established market leader but also to significantly expand its new distributed generation initiative, PSD," he noted, pointing out the promising growth potential within this collaboration.
About Orion Infrastructure Capital
Founded in 2015, Orion Infrastructure Capital has effectively managed approximately $5 billion in assets, actively investing in both North American and select international markets. The firm’s holistic approach concentrates on developing creative credit, equity, and growth capital solutions tailored for middle market firms striving to scale their operations and implement sustainable infrastructure.
OIC prioritizes various investment areas, including energy efficiency, digital infrastructure, social projects, sustainable power, renewable energy sources, waste management, water resources, and agricultural initiatives. With a dedicated team of around 45 professionals based in key locations, including New York, Houston, and London, OIC is positioned to make impactful investments that resonate with current and future market needs.
About MidCentral
MidCentral, established in 2011 and headquartered in Oklahoma City, operates as an asset performance management firm specializing in the Energy sector. The company focuses on enhancing customer uptime while effectively reducing the total cost of ownership for clients. Currently, MidCentral operates a comprehensive network of service centers coupled with centralized manufacturing and distribution hubs throughout the United States.
Frequently Asked Questions
What is the primary focus of PowerStream Dynamics?
PowerStream Dynamics focuses on delivering mobile power generation and microgrid solutions to areas with limited grid connectivity.
How much capital has OIC invested in the partnership with MidCentral?
OIC has made a $75 million capital investment to support MidCentral's new initiatives.
What are the expected benefits of this partnership for customers?
Customers can expect improved uptime along with significant economic and emission reductions through the services provided by PSD.
What is OIC's investment strategy?
OIC’s Infrastructure Credit Strategy aims to provide flexible, non-dilutive capital solutions to middle market infrastructure businesses across North America.
When was MidCentral founded?
MidCentral was established in 2011 and has since focused on optimizing asset performance within the Energy sector.
