ArcLight Capital Partners established a new affiliate, Alpha Generation, to manage the strategic, commercial, and operational activities of its 13,000 megawatt power infrastructure portfolio.
Boston-based ArcLight, a value-added infrastructure investment firm focused on the middle market, is aiming to meet the growing need for electrification through a power portfolio that includes low-carbon assets supplying key demand centers, including the New York, New Jersey and Connecticut tri-state area.
Founded in 2001, ArcLight has invested $27 billion across 125 transactions and notched 83 exits. The firm recently named longtime industry player Andrew Ott as a senior advisor or new investment opportunities in sectors including power infrastructure and the energy transition.
“We believe power infrastructure will play an increasingly critical and necessary long-term role as demand increases on the back of electrification, data center growth and AI, amongst other things,” said ArcLight Managing Partner Dan Revers. “To help support this growth and create value, we have brought together an industry-leading team with a proven track record of strategic, operational, and commercial experience overseeing and operating power generation assets.”
Curt Morgan, a veteran industry executive who is currently a senior advisor to ArcLight, has been named chief executive officer and chairman of AlphaGen, effective May 1. He previously served as CEO of integrated retail electricity and power generation company Vistra. Mark Sudbey will be interim CEO until Morgan comes aboard. Sudbey is the current CEO of Generation Bridge and previous CEO of Eastern Generation, both of which are ArcLight portfolio companies.
Alpha Generation currently manages and operates a total of 21 generation facilities in California, New York, New Jersey, Connecticut and Maryland.