JERA Nex, Catalyst Energy partner to boost clean energy deployment in US
November 1, 2024
Renewable energy company JERA Nex has entered a strategic partnership with Catalyst Energy Partners (CEP) to expedite the deployment of clean energy in the US.
This collaboration aims to develop, construct, own, and operate new clean energy facilities in the US.
The companies aim to expedite the rollout of utility-scale renewable energy projects by developing them in tandem with conventional power plants leveraging the existing grid infrastructure.
CEP has a wide portfolio of development-stage clean energy assets in the country.
JERA Nex will contribute financial support, strategic guidance, and operational expertise to advance these assets that can be integrated into JERA Nex’s global portfolio.
JERA Nex onshore development and construction vice president Richard Scott said: “At JERA Nex, our objective is to scale renewables to meet the increasing global demand for clean energy, by utilising our extensive experience in building, owning and operating large-scale energy generation around the world.
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“We are thrilled to partner with Catalyst Energy Partners to expand our footprint in the United States and capitalise on their unique approach to repurposing conventional power facilities. CEP’s expertise and vision, combined with our global scale and experience creates a powerful partnership.”
CEP CEO Matt Cheney said: “At CEP, our objective is to facilitate a rapid transition to clean energy production alongside existing energy infrastructure, causing minimal impact on the existing grid. The partnership with JERA Nex, with our strong strategic alignment, will bring together the capital and know-how to make our combined vision a reality.”
According to CEP, due to its “innovative approach” to using existing grid infrastructure, the two companies are “well positioned” to provide near-term solutions that help meet the growing demand for renewable energy in the US.
CEP was represented by Piper Sandler & Co in this transaction.
JERA Nex was launched as the renewable unit of Japan’s power generation company JERA in April 2024. In August, the company made its first acquisition of two solar projects in the US from Lightsource bp.
The acquired assets include the 300MW Oxbow solar farm in Louisiana and the 95MW Happy solar farm in Arkansas.
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