Pennybacker Capital Management has acquired Baseline Energy Services.
Founded in 2012, Baseline owns and operates approximately 210 megawatts of natural gas power generation assets across approximately 1,200 mobile units, providing cost-effective and reliable power solutions to a diverse set of customers including oil and gas, data centers, industrial manufacturing, and utilities. Its low-carbon fleet is capable of operating on a variety of fuel sources, including natural gas, CNG/LNG, RNG and propane, making it a flexible and environmentally responsible alternative to traditional diesel generation. With an established operational footprint across eight states and key U.S. power markets, Baseline is well-positioned to support industries facing increasing power demand, grid reliability challenges and electrification trends.
Graham Radler, the CEO of Baseline, commented, "Baseline's distributed power generation services provide significant value for energy, data center
