FAQ: Catalyst Power's Acquisition of 4.5 MW Cogeneration Portfolio and Northeast Expansion

What is the main topic of this announcement?

Catalyst Power Holdings has acquired a 4.5 megawatt portfolio of operational and in-development cogeneration (CHP) projects from Aegis Energy Services, expanding its Northeast market presence.

Why is this acquisition significant for Catalyst Power?

This acquisition expands Catalyst Power’s footprint in key Northeast markets and builds on its recent growth momentum following strategic investments from DRW Holdings LLC and BP Energy Partners.

What is cogeneration (CHP) and how does it work?

Cogeneration, also known as combined heat and power (CHP), produces electricity and heat from a single fuel source by capturing and reusing waste heat, achieving efficiencies of up to 90%.

What are the benefits of CHP systems for businesses?

CHP systems help reduce energy costs and emissions for buildings with significant heating or cooling demands, providing efficient, resilient onsite energy tailored to each customer’s needs.

Who is the CEO of Catalyst Power and what did they say about this acquisition?

Gabriel Phillips is the CEO of Catalyst Power, who stated that ‘CHP is a practical, proven solution for businesses facing rising energy costs and aging infrastructure’ and this acquisition allows them to deliver efficient energy to more customers.

What type of customers does Catalyst Power serve?

Catalyst Power serves commercial and industrial customers, providing retail energy and complementary energy solutions to help businesses reduce costs and generate revenue with no upfront investment.

Where is this expansion taking place?

The expansion is occurring in key Northeast markets, though specific states or locations are not detailed in the content provided.

How can businesses contact Catalyst Power for more information?

Businesses can contact Catalyst Power at their website https://catalystpower.com, phone number 1-888-789-7250, or email [email protected].