ArcLight Capital Partners has announced that Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to invest $1 billion for a strategic minority position in AlphaGen. AlphaGen is one of the largest independent power portfolios in the United States, with more than 11 gigawatts of critical power assets located in strategic markets across the country.
As power has become the bottleneck to the rapidly evolving growth of AI, the need for critical infrastructure that can provide capacity, reliability, and “time to power” in a sustainable way is increasingly important. ArcLight and the AlphaGen portfolio are well positioned to help meet this need in fast growing markets such as Pennsylvania, Ohio and other parts of the PJM Interconnection market, investing in existing and building new infrastructure to provide accelerated power solutions to the market.
“AlphaGen provides efficient, reliable power in some of the most high-demand U
