ArcLight Capital Partners, LLC, a prominent middle-market infrastructure firm, has unveiled a strategic move by establishing Alpha Generation, LLC (AlphaGen) to oversee and manage its extensive power infrastructure portfolio. With a focus on delivering reliable, secure, safe, and sustainable access to power, ArcLight and AlphaGen aim to address the growing infrastructure demands spurred by electrification. AlphaGen is set to take charge of one of the largest domestic power portfolios, boasting nearly $2 billion in annual revenue.
Dan Revers, Managing Partner of ArcLight, expressed the significance of AlphaGen’s creation, stating, “The creation of AlphaGen builds on ArcLight’s leading position as a proven and experienced power infrastructure investor. 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. 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.”
AlphaGen’s responsibilities include overseeing the strategic, commercial, and operational aspects of ArcLight’s funds’ power infrastructure portfolio, constituting one of the nation’s largest. The portfolio encompasses strategically located low-cost, low-carbon assets crucial for supplying power to key demand centers, particularly in the tri-state area of New York, New Jersey, and Connecticut.
“ArcLight is excited to announce this strategic partnership as part of our continued value-added investment approach and strategy, which invests across the electrification infrastructure value chain including renewables, battery storage, and other transition infrastructure. We believe AlphaGen, complemented by ArcLight’s internal expertise and deep experience, will drive substantial synergies across our existing portfolio and help us capitalize on further opportunities created by the electrification and energy transition megatrends,” said Angelo Acconcia, Partner at ArcLight.
Curt Morgan, a seasoned industry executive, has been appointed Chief Executive Officer and Chairman of AlphaGen, effective May 1, 2024. Morgan, previously the CEO of Vistra, brings a wealth of experience in establishing leadership in power and energy transition. His tenure at Vistra transformed the company into one of the largest power producers and retailers in the country.
Morgan will be supported by Mark Sudbey, serving as interim CEO until Morgan officially takes the helm. The leadership team includes Mary Anne Brelinsky, who joins as President and Chief Commercial Officer, bringing additional expertise to the venture.
“I am excited to partner with ArcLight, one of the leading domestic infrastructure investors,” stated Mr. Morgan. “We believe AlphaGen’s infrastructure is well positioned to deliver safe, reliable, and critical power to meet current and increasing demand. I look forward to working with Mark, Mary Anne, and the rest of the leadership team to help drive value, mitigate risk, and capitalize on new investment opportunities which a portfolio such as this is likely to create.”
