Stonepeak has backed a new US-based electric transmission development and investment platform.
The investment firm has committed an undisclosed amount of equity to Longview Infrastructure as part of a new partnership focused on originating, developing, constructing and operating electric transmission infrastructure projects across the US.
Rob Kupchak, senior managing director at Stonepeak, said: “Longview’s founders, Eric Hayes and Ben Sumers, are industry veterans with extensive knowledge of the transmission industry, which we believe will be a key differentiator in addressing the compelling opportunities in this essential US infrastructure sector.
“We look forward to working hand in hand with them to develop the Longview platform.”
Hayes and Sumers, Longview’s co-CEOs, said: “We are excited to partner with Stonepeak to pursue transmission projects across the US to help enhance connectivity across communities. Rising energy demand and an ever-changing energy landscape requires a historic build-out of transmission infrastructure.
“Stonepeak’s equity commitment, deep understanding of the transmission space, and operational expertise in building platforms will enable us to effectively scale the team and meet the need in transmission head-on.”
To read the latest IPE Real Assets magazine click here.
