ArcLight Capital Partners has struck a deal with Osaka Gas USA Corp. and Kyuden International Americas to acquire their indirect common equity ownership interests in Kleen Energy Systems (Kleen Power). Terms of the transaction were not disclosed.
The increasing convergence of AI-driven data center development and electrification, largely through the acceleration of electric vehicle adoption and heating electrification, are creating unprecedented power demand growth and infrastructure needs. This is increasing the importance of providing large-scale, customized, sustainable and affordable power infrastructure solutions.
Kleen Power, a top decile, 620-megawatt natural gas–fired power-generation asset in the New England market, is well positioned to benefit from such AI and electrification-related power demand and provide reliable power services to the grid.
“Kleen is a high-quality combined cycle providing critical infrastructure and reliable energy supply as
