JERA Nex and Catalyst Energy Partners (“CEP”), a renewable energy developer, have formed a strategic partnership to accelerate clean energy deployment in the United States.
JERA Nex and CEP will join forces to develop, build, own, and operate new clean energy facilities in major US markets. The partners will focus on accelerating the delivery of utility scale renewables projects by developing renewable energy projects alongside conventional power plants to utilize existing grid infrastructure.
CEP has an extensive portfolio of development stage clean energy assets in the US. Through the partnership, JERA Nex will provide the financial support, strategic oversight and operational knowledge to develop assets with a view to their being transitioned to the global JERA Nex portfolio.
With CEP’s innovative approach to utilizing existing grid infrastructure, the partners are well positioned to deliver near-term solutions to support rapidly growing demand for renewable energy in high growth regions in the US.
JERA Nex’s Oxbow Solar Farm in Louisiana, USA
“At JERA Nex, our objective is to scale renewables to meet the increasing global demand for clean energy, by utilizing our extensive experience in building, owning and operating large scale energy generation around the world. We are thrilled to partner with Catalyst Energy Partners to expand our footprint in the United States and capitalize on their unique approach to repurposing conventional power facilities. CEP’s expertise and vision, combined with our global scale and experience creates a powerful partnership.”
– Richard Scott, VP Development & Construction, Onshore of JERA Nex.
CEP was founded by Matt Cheney, CEO, a veteran in the renewable energy industry who has successfully built and managed several renewable development and financing platforms, along with Steve Malnight, President, an accomplished utility leader and former senior executive at PG&E, with over 20 years of management experience in the energy sector.
“At CEP, our objective is to facilitate a rapid transition to clean energy production alongside existing energy infrastructure, causing minimal impact on the existing grid. The partnership with JERA Nex, with our strong strategic alignment, will bring together the capital and knowhow to make our combined vision a reality,” said Matt Cheney, CEO of CEP. “Our shared vision and combined resources will enable us to make a significant impact in the renewable energy sector.”
Piper Sandler & Co. represented CEP in this transaction.
