ARCLIGHT TO ACQUIRE KLEEN POWER INTERESTS

Whats Happening:

ArcLight Capital Partners is set to acquire Kleen Energy Systems, a 620 MW natural gas-fired power generation asset in New England. This acquisition aligns with the growing demand for power infrastructure driven by AI and data center development, as well as broader electrification trends. ArcLight aims to leverage its extensive experience in power infrastructure investments to enhance Kleen Power's value and reliability.

Key Moves:

• ArcLight to acquire Kleen Energy Systems, a 620 MW power asset in New England

• Acquisition targets growing power demand from AI and data center development

• ArcLight's power management team, AlphaGen, to take over Kleen Power management

By The Numbers:

• Kleen Power is a 620 MW natural gas-fired power generation asset

• ArcLight has owned, controlled, or operated over ~65 GW of assets since 2001

• ArcLight has managed assets with $80bn of enterprise value

Key Quotes:

• "ArcLight's acquisition of Kleen Power leverages its deep investment expertise across over 50 power investments since 2001," said Angelo Acconcia, Partner at ArcLight.

• "Kleen is a high-quality combined cycle providing critical infrastructure and reliable energy supply as one of the most efficient natural gas-fired assets in the New England market," said Andrew Brannan, Managing Director at ArcLight.

Bottom Line:

ArcLight's acquisition of Kleen Energy Systems demonstrates the fund's strategic focus on power infrastructure assets positioned to meet growing AI-driven demand. This move leverages ArcLight's extensive experience in the sector and aims to enhance the asset's value and reliability in the evolving energy landscape.

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