JLC Infrastructure, an investor and asset management firm focused on the sustainable-energy, utilities, transportation and social infrastructure sectors in the United States, has announced the commencement of commercial operations of the Northeast Energy Center (NEC), representing a significant step towards energy self-sufficiency for New England.
Barings and Manulife/John Hancock provided long-term debt financing, with JLC Infrastructure serving as the majority owner and providing construction equity for the NEC plant.
New England has persistently relied on foreign overseas imports of LNG, noted JLC. The development of the NEC plant, in centrally located Charlton, Mass., heralds a shift toward regional clean-energy autonomy, replacing traditional foreign LNG sources with local resources. The plant's daily liquefaction capacity of 250,000 gallons of LNG equates to more than 6,000 megawatt-hours of energy.
The facility boasts a 2 million-gallon full-containment L
