Long Ridge Energy & Power
Low Cost Power on 1600 acres of Property- Develop the Appalachia
Low Cost Power on 1600 acres of Property- Develop the Appalachia
Long Ridge Energy & Power is an energy startup that focuses on low-cost power generation across its 1,660 acres of property in Monroe County, Ohio and Wetzel County, West Virginia. The company has positioned itself strategically within the Marcellus and Utica shale formations, offering combined-cycle power generation, LNG storage/transloading, and frac sand transloading. Long Ridge benefits from a prime location and infrastructure, including flat land, barge docks on the Ohio River, a short-line railroad, access to Ohio Route 7, a conveyor belt system, LNG storage tanks, LNG pipelines, and a combined-cycle LNG fire power plant. Notably, the company is owned by Fortress Transportation and Infrastructure Investors Ltd (NYSE: FTAI), which is managed by Fortress Investment Group (NYSE: FIG).
Founded in 2017, Long Ridge has marked its presence in the energy industry and has received a $150.00M secondary market investment from GCM Grosvenor in December 23, 2019. The company's unique positioning and its array of operational and upcoming ventures make it an intriguing prospect for potential investors and partners.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Secondary Market | $150.00M | 1 |
|
23 Dec 2019 |
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