HOUSTON–(BUSINESS WIRE)–March 29, 2022–
Consolidated Asset Management Services (CAMS), a fully integrated service provider for energy and infrastructure asset owners, today announced that it has been awarded contracts by subsidiaries of ArcLight Capital Partners, LLC (ArcLight ) to provide operation and maintenance (O&M) and asset management services for power generation assets representing more than 10 gigawatts (GW) of capacity.
The facilities are well diversified by market, technology and fuel type and will allow for the integration of intermittent renewable resources over the next few years.
“We are excited to manage and operate this fleet of energy assets that provide reliable power across the United States,” said CAMS COO Greg Bobrow. “We have a long and successful track record of providing value-added sustainable services to owners of energy infrastructure assets and we are delighted to be involved in these portfolios which also have the ability to support the transition to alternative sources of renewable generation.”
ArcLight is a leading private equity firm specializing in energy infrastructure and energy transition. A spokesperson for ArcLight noted that the portfolio acquisitions required a collaborative effort and were important milestones for ArcLight and CAMS.
“We want to acknowledge the support, leadership and coordination that the CAMS team provided through every phase of the process,” the spokesperson said. “From due diligence to the early stages of our ownership, CAMS has been helpful, responsive and very strong on transition and operational leadership. CAMS has been an essential member of the team in completing these acquisitions.
CAMS has experience managing and operating hundreds of conventional and renewable power generation assets with over 51 GW of generating capacity. The company has received 75 industry best practice awards since 2013 and has $20 billion in assets under management.
CAMS is a private company that provides operations and maintenance (O&M), asset management, environmental, social and governance (ESG) and optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our customers’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our headquarters that contribute to operational excellence, financial performance, a safe workplace and better community and a better environment. We do not take this responsibility lightly: we treat the assets entrusted to us as our own. For more information, visit www.camstex.com.
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CONTACT: Corporate Communications
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER UTILITY ENERGY OIL/GAS COAL ALTERNATIVE ENERGIES NUCLEAR ENERGY
SOURCE: Consolidated Asset Management Services
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PUBLISHED: 03/29/2022 11:41 a.m. / DISK: 03/29/2022 11:41 a.m.
Copyright BusinessWire 2022.