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SEDALIA, MO, September 17, 2024 – PROENERGY Services announced today commissioning of the Remy Jade Generating Station in Harris County. The 384-MW facility is the sixth facility in just four years for independent power producer WattBridge Energy, LLC, now producing fast-start dispatchable power for nearly 2 million homes.

Powered by eight 48-MW PROENERGY aeroderivative gas-turbine packages, Remy Jade supports renewable generation when load demand exceeds supply in any weather condition. This new facility delivers much-needed grid resilience and energy security as Texas peak demand repeatedly sets new records.

WattBridge now operates a 2,304-MW portfolio of dispatchable power generation resources within the Electric Reliability Council of Texas (ERCOT) grid.

“The WattBridge platform answers the call for new power generation in Texas like no one else,” says WattBridge President, Mike Alvarado. “Since 2020, we have commissioned six generating facilities with 48 turbines and created the largest LM6000 fleet in the world. Now we’re ready to build more capacity for Texans.”

WattBridge submitted four projects totaling more than 1,600 MW to the Texas Energy Fund (TEF), which will expand the platform to nearly 5,000 MW in the state. The new facilities, like all WattBridge plants, will be delivered as turnkey PowerFLX solutions by PROENERGY.

“Dispatchable generation isn’t just a part of the energy transition, it is the energy transition,” says Jeff Canon, PROENERGY CEO. “A clean energy future requires a practical and repeatable model with proven technology that supports renewable development in every power market in the world.”  

SEDALIA, MISSOURI and SUMMIT, NEW JERSEY – September 5, 2024 – Energy Capital Partners (“ECP”) has acquired a majority interest in PROENERGY Holdings (“PROENERGY”) from affiliates of Eos Partners and ACON Investments. Financial terms were not disclosed.

PROENERGY is a vertically integrated aeroderivative gas turbine platform with three market-facing businesses: its development arm owns and operates a 2.4 GW fleet of contracted peakers in Texas; its aeroderivative services arm provides complete repair and maintenance services for the global LM6000 and LM2500 turbine fleet; its equipment and engineering, procurement and construction (EPC) business installs turnkey facilities through the manufacturing of turbines and power generation equipment.

Together with ECP, PROENERGY will expand its platform and pipeline, pursue accretive growth opportunities and build on its established reputation for best-in-class performance, industry-leading turnaround times, and lower customer costs. PROENERGY will continue to be led by its deeply experienced executive team, including Founder, President and Chief Executive Officer Jeff Canon, a pioneer in the turbine industry with over 40 years of experience. 

“We are thrilled to partner with, and invest alongside, Jeff Canon and the PROENERGY team,” said Andrew Gilbert, Partner at ECP. “Several of our portfolio companies are satisfied repeat customers and we have seen firsthand the value of the PROENERGY platform and its talented team. We look forward to helping PROENERGY grow and achieve its ambitious goals.”

Tyler Kopp, Principal at ECP, added, “PROENERGY’s integrated and diversified platform, advanced technical capabilities and experienced team have allowed the company to capture significant market share. The power sector’s reliability and flexibility needs are growing and changing very quickly. PROENERGY is uniquely positioned to meet this challenge.”

“Our core values, culture, and commitment to safety remain unchanged,” says Jeff Canon, PROENERGY President and CEO. “ECP’s extensive experience in the energy sector will be a tremendous asset. Together, we are dedicated to driving growth, fostering innovation, advancing sustainability, and delivering unparalleled value to our industry.”

Latham & Watkins LLP acted as legal advisor to ECP on the transaction. Orrick, Herrington & Sutcliffe LLP acted as legal advisor to PROENERGY.  Winston & Strawn LLP acted as legal advisor to PROENERGY, Eos Partners and ACON Investments. PEI Global Partners LLC acted as financial advisor.

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About ECP

Energy Capital Partners (ECP), founded in 2005, is a leading equity and credit investor across energy transition, electrification and decarbonization infrastructure assets. The ECP team, comprised of 90 people with 800 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 100 equity (representing nearly $60 billion of enterprise value) and over 20 credit transactions since inception. For more information, visit www.ecpgp.com.

SEDALIA, MO, June 25, 2024 – PROENERGY today released its 2023 Environmental, Social, and Governance Report, highlighting its efforts to serve power generation needs while making the world a better place. The second annual report for the company provides more information about its progress on strategic business priorities, which relate to geographic expansion, alternative fuels, energy security, and ESG performance monitoring.

PROENERGY unveiled a new, 48-MW aeroderivative turbine that provides firm power generation for more than 40,000* American homes. The PE6000 is designed for dispatchable power applications to quickly close the gap between power supply and demand that often occurs during severe weather, solar ramp off, and days with low or limited renewable production.

Each PE6000 begins with a PROENERGY-overhauled engine core from the CF6-80C2, found in aircraft including the Boeing 747. The concept of matching a flight engine core with aeroderivative parts was born and executed through a collaboration between a major European utility and PROENERGY. That engine—which used market available aeroderivative components and now has more than 180 starts and 8,000 run hours—led to a seven-year, $115-million investment in the PE6000 program to include R&D, manufacturing, and infrastructure.

“Our in-house engine and repair expertise was a critical enabler of the PE6000 program,” says Rob Andrews, PROENERGY SVP Operations. “We developed other key areas of expertise in system and component design, materials engineering, and manufacturing excellence to progress our R&D program both internally and in collaboration with key partners and suppliers. The result is a product manufactured proudly with every new part to PROENERGY design and specification.”

PROENERGY has manufactured two PE6000 turbines to date. One unit is installed in a WattBridge generating facility in Houston with more than 100 starts and 750 hours of runtime. The second unit is now ready for testing, and six more units are scheduled for validation in WattBridge facilities. These first eight units alone can provide grid-firming capability to more than 320,000 American homes, and further production will support reliable power generation for millions.

“We aim to deliver exactly what the world needs right now: low-cost, dispatchable generation,” says Jeff Canon, PROENERGY President and CEO. “Our company was founded on finding a better way; for us, this meant giving flight engines new life and becoming an OEM for aeroderivative turbines.”

• Based on EIA data available here.

SEDALIA, MO, October 12, 2023 – Egyptian Electricity Holding Company (EEHC) has awarded PROENERGY a total care service agreement (TCSA) for eight LM6000 gas turbines—seven LM6000 PC units and one LM6000 PF unit—totaling 372 MW.

PROENERGY enters the TCSA with East Delta Electricity Production Company (EDEPC), an EEHC subsidiary responsible for the operation and maintenance of power plants within its jurisdiction. The contract manages all maintenance events for the gas turbine packages during the term—including but not limited to hot sections, combustors, and major overhauls—at the Sharm El Sheikh and Port Said Power Plants.

In 2022, the Sharm El Sheikh Power Plant successfully operated one unit on a hydrogen-natural gas blend during COP27, the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change.

“This Contract represents the start of a long-term partnership with PROENERGY in Egypt,” says EDEPC Chairman Mohamed Abu Senna. “We are confident in PROENERGY’s capabilities to provide reliable and responsive maintenance for our LM6000 assets at Sharm El Sheikh and Port Said Power Plants.”

“We are proud to grow our strategic partnership with EEHC and support energy reliability for two major cities in Egypt,” says PROENERGY Chief Commercial Officer Carlos Picon. “We thank the leadership of EEHC for their trust in us to provide total care services for this critical infrastructure, and we greatly respect their vision—which aligns with PROENERGY efforts—to decarbonize aeroderivative technology.”

SEDALIA, MO, May 1, 2023 – PROENERGY Services announced today commissioning of the WattBridge Brotman Generating Station in Brazoria County, Texas. Brotman is the fifth new power-generation installation in the WattBridge fleet in just 36 months, which brings the company’s support within the Electric Reliability Council of Texas (ERCOT) zone to 1,824 MW operating for 1.2 million homes.

Powered by six PROENERGY LM6000 gas-turbine packages, the 288-MW Brotman station supports renewable development and delivers energy security with fast-start, reduced-emission peaking power. WattBridge, an independent power producer, has rapidly expanded its operating portfolio from six LM6000 units in January 2021 to 38 units today, making the Texas-based company the largest LM6000 owner in the world.

The Texas State Legislature identified the need for more dispatchable generation in the 87th and current 88th legislative sessions. WattBridge plans to develop at least 4,000 MW in Texas, but those plans may be forced to change due to developing changes with the market structure, according to WattBridge President, Mike Alvarado.

“We’ve been proud to contribute to the Texas Miracle of affordable energy security with 2,400 MW operational or under construction and at least a further 1,600 MW in advanced development that could be online by 2026,” he says. “Our business requires the PCM (Performance Credit Mechanism) as adopted by the PUCT (Public Utilities Commission of Texas) to support new development and retain existing dispatchable generation; without the regulatory certainty that allows us to invest in a 30-year asset, we simply cannot move forward.”

The PCM initiative, which is the sole existing legislation to solve Texas grid reliability issues with new generation, was passed by the House State Affairs Committee to include a cost cap on the reliability program of $500 million per year. According to PROENERGY CEO Jeff Canon, these guardrails will render virtually any investment in dispatchable generation uneconomical.

“No owner can withstand the proposed changes to the PCM, and PROENERGY provides, hands down, the lowest installed rate in the industry,” he says. “I suspect that not one megawatt of dispatchable power could be built; in fact, the movable nature of dispatchable power might see units redeployed out of the state.”   

Alvarado added that the cost cap, while intended to protect Texas consumers, will have the opposite effect.

“This isn’t a guardrail for consumers; it’s an arbitrary legislative opinion about how much reliability the State will allow in any year regardless of load changes, reliability needs, or resource mix,” he says. “Within a few years, the Texas Miracle will dry up, energy security will suffer, and everyday Texans will be left holding the bag.”

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About WattBridge
WattBridge Energy is a Houston, Texas-based global independent power producer. Serving as a bridge between emissions-intensive power generation and a fully renewable future, WattBridge operates under the vision of enabling wind and solar-energy growth. With 2,400 MW operating or under construction in ERCOT and a further 1,600 MW in advanced development—all driven by reliable LM6000 engines—WattBridge is among the largest owners and operators of this technology in the world. For more on WattBridge, visit www.wattbridge.info.

About PROENERGY
Based in Sedalia, Missouri, PROENERGY is a global peaking-power solutions provider with operational experience on every continent. The company offers vertically integrated aeroderivative power services, including engineering, construction, operations, repair, maintenance, research, and true, turnkey power generation facilities that include the complete balance of plant. For more on PROENERGY, visit www.proenergyservices.com. 

SEDALIA, MO, February 8, 2023 – PROENERGY Services announced today commissioning of the WattBridge Mark One Generating Station in Brazoria County, Texas. The company’s fourth new ERCOT installation within the last 36 months, Mark One supports renewable development and delivers energy security during times of high demand, including extreme cold or hot weather.

Powered by six PROENERGY LM6000 gas-turbine packages, the 288-MW Mark One station delivers fast-start, reduced-emission peaking power in the Electric Reliability Council of Texas (ERCOT) grid system. WattBridge, an independent power producer, has rapidly expanded its operating portfolio from six LM6000 units generating 288 MW in January 2021 to 30 LM6000 units producing enough energy to power one million homes today.

“This plant is exactly what our Texas grid needs—more reliable, dispatchable thermal power generation that performs when the sun isn’t shining and wind isn’t blowing,” says Senator Mayes Middleton. “WattBridge has stepped up to the plate with American-built infrastructure to deliver the power that Texans expect.”

The first WattBridge facility, HO Clarke Generating Station in Houston, came online just weeks ahead of Winter Storm Uri. The facility provided uninterrupted power for the duration of the storm when half of the Texas grid was down. Since then, WattBridge has continued a strong growth trajectory.

“WattBridge has grown to be a major industry player assuring grid resilience while advancing decarbonization,” says WattBridge President, Mike Alvarado. “We now have 2,400 MW operational or under construction, and—with emerging regulatory certainty and effective market structure—have line of sight to execute a further 1,600 MW for ERCOT.”

A single-source provider, PROENERGY designs, engineers, commissions, and operates each WattBridge facility as a turnkey solution that delivers dispatchable power in support of baseload installations.

“Our standardized LM6000 plant design is a reliable, affordable answer for solving intermittency issues and accelerating renewable growth in any power market,” says Jeff Canon, PROENERGY CEO. “The PowerFLX concept is the cornerstone of the WattBridge fleet and fortifies customer portfolios across the Americas and soon the globe.”

Key parties in the Mark One project are:

Facility Owner—WattBridge Energy
Plant Equipment, Engineering, Construction, and Operation—PROENERGY
Financing—MUFG Union Bank, N.A., CoBank ACB, and Truist Bank
Gas Transmission—Enbridge Brazoria Interconnector Gas Pipeline, LLC and Enbridge Texas Eastern Transmission, LP
Gas Supplier—ConocoPhillips Company
Power Offtake—Shell Energy North America (U.S.), LP
Transmission Service Provider—CenterPoint Energy Houston Electric, LLC

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PROENERGY announced that WattBridge Energy, LLC has awarded it the 480-MW Remy Jade project. The award includes the sixth WattBridge installation in 32 months—the 288-MW Remy Jade facility—and a further 192 MW of incremental units at existing WattBridge sites. PROENERGY will serve as the sole EPC contractor, and it will provide life-of-plant operations and maintenance services in support of energy security.

When completed, these facilities will increase PROENERGY build for WattBridge in the load-heavy ERCOT Houston zone to 2,304 MW, with another 1,696 MW in advanced development. The platform uses fast-start technology specifically engineered to support renewable installations when demand surpasses available supply, whether in routine or extreme weather conditions.

“Following Winter Storm Uri, our State’s leadership prioritized electric reliability to meet the everyday needs of Texas citizens,” says State Senator Brandon Creighton, District 4. “I’m pleased to see a Texas-based company using American innovation and manufacturing to not only answer our call, but also deliver at a pace and cost that quickly realizes the reliable, affordable power Texans need.”

Anticipated to be online in January of 2024, the Remy Jade facility will operate in Harris County using six LM6000 gas-turbine packages while the merchant units will incorporate four LM6000 gas-turbine packages. Like all WattBridge plants, the new facilities will be delivered as turnkey PowerFLX solutions by PROENERGY. Leveraging standardized design, the company specializes in resilient power that serves as a backstop to renewable energy and addresses grid intermittency concerns.

“Over the past year, the United States has seen record demand for fast-start power generation, and this trend is repeating all over the world,” says Jeff Canon, PROENERGY CEO. “We believe that our technology—driven by passionate engineers and manufacturing teams in Sedalia, Missouri—offers a responsible pathway to progress the energy transition and support a sustainable energy future.”

As one of the most prolific owners of LM6000 aeroderivative engines in the world, WattBridge offers a model that stabilizes grids while decarbonizing power generation, says the company’s President Mike Alvarado.  

“By displacing inefficient, high-carbon assets, the WattBridge platform offers a carbon-negative addition to any market,” he says. “With the financial backing of our investors, close relationships with governmental and regulatory bodies, and EPC capabilities of PROENERGY, we’re demonstrating the relevance and repeatability of our platform for the energy transition in Texas and beyond.”

Key parties in the Remy Jade project are:

Facility Owner—WattBridge Energy
Plant Equipment, Engineering, Construction, and Operation—PROENERGY
Financing—MUFG Union Bank, N.A., CoBank ACB, ING Group, Landesbank Hessen-Thüringen Girozentrale (Helaba)
Gas Transmission and Gas Supplier—Kinder Morgan Tejas Pipeline, LLC
Transmission Service Provider—CenterPoint Energy Houston Electric, LLC  

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About WattBridge
WattBridge Energy is a Houston, Texas-based global independent power producer. Serving as a bridge between emissions-intensive power generation and a fully renewable future, WattBridge operates under the vision of enabling wind and solar-energy growth. With 2,304 MW operating or under construction in ERCOT and a further 1,696 MW in advanced development—all driven by reliable LM6000 engines—WattBridge is among the largest owners and operators of this technology in the world. For more on WattBridge, visit www.wattbridge.info.

About PROENERGY
Based in Sedalia, Missouri, PROENERGY is a global peaking-power solutions provider with operational experience on every continent. The company offers vertically integrated aeroderivative power services, including engineering, construction, operations, repair, maintenance, research, and true, turnkey power generation facilities that include the complete balance of plant. For more on PROENERGY, visit www.proenergyservices.com.

SEDALIA, MO, August 2, 2022 – PROENERGY announced today a $28.8-million investment on an advanced manufacturing initiative, starting with the recent acquisition and proven application of a 3D hybrid printing machine. As part of the company’s vertically integrated aeroderivative power services, PROENERGY is creating a robust supply of critical parts for LM6000 gas turbines.

This initiative enables the company to maintain reduced manufacturing and repair times, says Jeff Canon, PROENERGY CEO.

“Independently fortifying our parts supply enables us to maintain our 120-day turnarounds for major overhauls, maintain world-class responsiveness, and progress the greater goal of global energy security,” he says. “More importantly, these are critical steps in supporting renewable power generation and moving the energy transition forward.”

As part of its advanced manufacturing initiative, the company’s first major acquisition is a DMG MORI LASERTEC 125 DED hybrid machine. One of only a handful in the world, this technology enables manufacturing industrial-scale parts of any complexity in a small amount of time. Featuring additive and subtractive capabilities, the machine can build and machine new parts without pause.

While the DMG MORI hybrid can expedite manufacturing of high-value parts, the primary value of the machine is vastly accelerated parts development and prototyping capabilities, says Rob Andrews, PROENERGY Senior Vice President Operations.

“Creating a variable bypass-valve door, for example, would take at least 12 months for a casting process; the PROENERGY advanced manufacturing process took less than 90 days,” he says. “This machine is just the beginning of our initiative, which will also include a complete refit of one of our large campus buildings with a further 16 advanced manufacturing devices. These steps will not only position PROENERGY as the top advanced manufacturing provider for any industry within Missouri, but likely in the Midwest.”

HOUSTON, TX, July 14, 2022 – PROENERGY announced that commercial operations have begun for the WattBridge 288-MW Braes Bayou project. Located in Fort Bend County, the plant delivers energy security for the Texas grid, powers up to 200,000 homes, and operates in direct support of renewable growth.  

The Braes Bayou facility delivers reliable power during peak-demand times, including severe heat waves and winter weather. Powered by six PROENERGY LM6000 gas-turbine packages, Braes Bayou is conceived as a reliable, affordable answer to grid intermittency. Each plant—delivered as a true turnkey peak-power solution from PROENERGY—is installed with the vision to support renewable energy and provide energy security, especially during periods of reduced operating reserves.

“PROENERGY was founded 20 years ago on the concept of doing the right thing, and we’re uniquely suited to help our customers bridge the gap to a responsible, sustainable energy future,” says Jeff Canon, PROENERGY CEO. “As the world reduces the greenhouse-gas footprint for power generation, we enhance grid reliability with cutting-edge design, world-class technology, and experience that’s second to none.”

WattBridge—an independent power producer—now has 1,824 MW operational or under construction in the ERCOT zone with a further 2,176 MW in advanced development.

“We view the WattBridge platform as a global solution to a generational electric reliability problem,” says WattBridge President, Mike Alvarado. “Our platform is repeatable in any power market in the world. It’s a proven carbon-negative addition in the ERCOT power grid and a safe, fast, cost-effective pathway to progress the energy transition.”

Key parties in the Braes Bayou project are:
Facility Owner—WattBridge Energy
EPC, O&M, and Asset Management—PROENERGY
Financing—MUFG Union Bank, N.A. and CoBank ACB
Gas Transmission—Kinder Morgan Tejas Pipeline, LLC
Gas Supplier—Kinder Morgan Tejas Pipeline, LLC
Energy Manager—Tenaska Power Services Co.
Transmission Service Provider—CenterPoint Energy Houston Electric, LLC 

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About WattBridge
WattBridge Energy is a Houston, Texas-based global independent power producer. Serving as a bridge between emissions-intensive power generation and a fully renewable future, WattBridge operates under the vision of enabling wind and solar-energy growth. With 1,824 MW operating or under construction in ERCOT and a further 2,176 MW in advanced development—all driven by reliable LM6000 engines—WattBridge is among the largest owners and operators of this technology in the world. For more on WattBridge, visit www.wattbridge.info.

About PROENERGY
Based in Sedalia, Missouri, PROENERGY is a global peak-power solutions provider with operational experience on every continent. The company offers vertically integrated aeroderivative power services, including engineering, construction, operations, repair, maintenance, research, and true, turnkey peak-power facilities that include the complete balance of plant. For more on PROENERGY, visit www.proenergyservices.com.