LEADING THE ENERGY TRANSITION
At Middle River Power, we do more than just keep the lights on. We are growth-oriented with a strategic focus on finding creative solutions that accelerate the transition and meet the needs of our customers and communities. Our team is comprised of seasoned industry experts that specialize in identifying, optimizing, and developing assets critical for the energy transition. With a specialty in repositioning existing, safe, critical resources with co-located and hybrid renewable development projects, we deliver clean, reliable energy solutions to the customers and communities we serve.
OUR COMPETITIVE ADVANTAGE
Our achievements are a result of experienced leadership, capable young talent, and strong partnerships, which together have worked to deliver outsized, innovative solutions to our customers and sponsors. Founded in 2016 with just 4 employees, we have grown to over 50 professionals in just 8 years, with headquarters in Chicago, IL and regional offices in San Diego, CA and Spokane, WA. Our highly analytical approach encourages creative problem solving and calculated risk taking. We are a team-based organization that fosters a fast-paced, collaborative decision making. Our culture thrives on accomplishment and innovation. We get things done while others look for excuses.
CO-LOCATED RENEWABLE DEVELOPMENT
At Middle River Power, we enable the transition to renewable power at existing generation facilities while maintaining the flexible, reliable characteristics of legacy assets that remain necessary for the US power grid. Our strategy combines new resources with under-utilized legacy generation assets, delivering cleaner, more reliable, and cost-efficient resources, faster than any standalone development. We’ve successfully deployed Battery Energy Storage System (BESS) projects at our existing natural gas peaking fleet throughout California, creating renewable- thermal hybrid energy centers that help achieve the state’s ambitious clean energy goals. This configuration allows us to take advantage of the existing interconnection, which goes unused for 95% of the hours of the year. We bring renewable resources online quickly and more cost effectively by utilizing existing siting, permitting and interconnection infrastructure. The result is immediate greenhouse gas reduction from the existing fleet and delivering a clean, reliable solution to our customers.
OPERATIONAL EXPERTISE
We take pride in our operations-focused Management Team, which adopts a hands-on approach. Our Management Team has decades of experience in developing and managing power generation facilities worldwide. We work closely with plant personnel and maintain strong relationships with experienced industry contractors and consultants to guarantee safe, reliable, and efficient operations. We assess regulatory changes, local generation congestion, utility resource plans, fuel fundamentals, and transmission constraints to identify and optimize ideal resources for investment and transition.
PARNTERSHIP DELIVERS RESULTS
We have established strong partnerships with industry contractors and consultants, across operations, suppliers, large load serving entities, commodity hedging counterparties, and leading financial institutions that we rely on to deliver value for our assets. Collaborating with industry leading partnersis critical to finding innovative solutions and delivering results for our customers We will continue investing in these partnerships and build on our mutual success.
MRP CURRENTLY MANAGES APPROXIMATELY
8,000 MW OF POWER GENERATION ASSETS IN OPERATION OR DEVELOPMENT.
ASSETS UNDER MANAGEMENT OR IN DEVELOPMENT
Includes over 8GW of natural gas, coal, battery storage and solar power generation facilities across PJM, ERCOT and CAISO
Selected Assets in Operation
100% GROWTH SINCE 2020: GROWN FROM 4 EMPLOYEES IN 8 YEARS
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2016JANUARY 2016
Acquired High Desert, Big Sandy & Wolf Hills projects
OCTOBER 2016
Raised $270mm term loan B related to acquisition of High Desert, Wolf Hills, and Big Sandy
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2017
Q1 / 2017
Began Development on High Desert Solar and BESS project
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2018
September 2018
Acquired Tracy, Hanford & Henrietta
december 2018
Acquired Midway, Malaga Border, Enterprise, Panoche and Vaca Dixon
november 2018
Raised $246mm in credit facilities for Tracy, Hanford and Henrietta, including $187.5mm term facility, $39mm revolver, and $20mm project LOC facility
High Desert performance upgrade, resulting in 36 MW uprate
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2019
november 2019
Refinancing of High Desert into stand alone financing, Big Sandy & Wolf Hills into separate facility
Q2 / 2019
Long term gas supply agreement for High Desert with Morgan Stanley
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2020
august 2020
Sold High Desert Solar and Storage Project to MN8 Energy
january 2020
Sierra financing, $224mm senior secured note facility related to Midway, Henrietta, Tracy, Vaca Dixon, Enterprise, Border, Panoche, Hanford, and Malaga
may 2020
Developed Developed Coso BESS Stand alone storage project using excess interconnection at Coso Geothermal facility.
Signed RA offtake with PG&E for Coso BESS // signed offtake with Clean Power Alliance for High Desert Solar and Storage -
2021
may 2021
Took over asset management of Sandy Creek facility in ERCOT
august 2021
Sold Coso BESS to Capital Dynamics
september 2021
Renegotiated offtake with PG&E due to expire in 2022, extending terms for Tracy Hanford, Malaga and Panoch extending terms through 2026
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2022
april 2022
Closed $750M financing facility on California portfolio
august, november 2021
Renegotiated offtake with PG&E for Midway
november 2022
Negotiated 12-year hybrid offtake with City of San Jose for Henrietta
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2023
august 2023
Asset managmenet engagement with Heritage Power (former GenOn) portfolio in Pennsylvania, Ohio and New Jersey
august 2023
Acquired Elgin & Rocky Road in Illinios
november 2023
Pacifica financing of $250M in construction and tax equity bridge loan for hybrid storage projects. Morgan Stanley provided first of its kind tax equity financing commitment.
november 2023
High Desert entered with High Desert FX upgrade, resulting in 75MW uprate and decreased heat rate
june 2023
Negotiated 15-year hybrid offtake with Silicon Valley Clean Energy Authority for Hanford
july 2023
Negotiated 15-year hybrid offtake with East Bay Community Energy Authority for Malaga
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2024
February 2024
Negotiated 15-year hybrid offtake with Central Coast Community Energy for Panoche and Midway
May 2024
Negotiated 15-year hybrid offtake with San Diego Community Power for Border and Enterprise
October 2024
Malaga BESS COD
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2025
January 2025
Henrietta BESS COD
Hanford BESS CODJuly 2025
Border BESS COD
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2026
January 2026
Midway and Panoche
BESS CODJuly 2026
Enterprise BESS COD
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2027
January 2027
Tracy and Vaca Dixon
BESS COD
WE BELIEVE IN COLLABORATION AND HARD WORK.
We believe that with experienced leadership, capable young talent, and strong partnerships we can collaborate to deliver outsized, innovative solutions. Founded with 4 employees, a couple of laptops, and a lot of enthusiasm, we have grown to 60+ professionals headquartered in Chicago, IL with regional offices in San Diego, and CA Spokane, WA. Our highly analytical approach encourages creative problem solving and calculated risk taking. We are a flat, team-based organization. We enjoy what we do, how we do it, and who we do it with. We have each other’s back.
To learn more about the team, click here.
Mark Kubow
James Suehr
Claude Couvillion
Graham Baldwin
Jeremy Meattey
Brant Yung
Joe Dubinski
Ed Karas
Dan Harmon
