Longview Infrastructure, a newly formed electric transmission development and investment platform, has secured an equity commitment from Stonepeak to accelerate electric transmission infrastructure projects in the United States. Financial terms were not disclosed.
Data center– and electrification-driven growth in electricity demand, increasing adoption of renewable-energy sources, and the need for grid reliability are driving significant new transmission investment to ensure communities have uninterrupted access to essential services. To address this need, Longview and Stonepeak plan to focus on originating, developing, constructing and operating electric transmission infrastructure projects across the United States.
“We are excited to partner with Stonepeak to pursue transmission projects across the United States to help enhance connectivity across communities,” said Eric Hayes and Ben Sumers, co-CEOs of Longview, in a joint statement. “Rising energy demand an
