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Category: Press Release

Press Release | 11.16.21

HOUSTON – Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of infrastructure assets, today announced that it joined the Sustainability Accounting Standards Board (SASB) Alliance.

Founded in 2017, the SASB Alliance is a program for companies that support the need for more decision-useful, cost-effective sustainability disclosure.

“Since our inception in 2007, CAMS has been steadfast in its commitment to be a responsible corporate citizen,” said Jeff Sommers, CAMS Chief Financial Officer and an individual member of the SASB Alliance. “ESG is an integral component of our company values and CAMS is working to promote sustainable business practices and ethical, transparent governance within our walls and for our clients. The SASB Alliance will enable us to better understand how ESG issues impact financial performance and tailor our solutions to meet the evolving needs of our clients.”

The SASB Alliance is comprised of over 250 influential organizations to date that believe standardized, industry-specific, and materiality-based standards help companies and investors adapt to the market’s expectations.

Press Release | 10.25.21

HOUSTON–(BUSINESS WIRE) – Consolidated Asset Management Services (CAMS), an industry leading asset management and operations and maintenance (O&M) services provider, announced today that it has been awarded two contracts by Broad Reach Power (Broad Reach) to provide O&M services at two battery energy storage sites.

Located in Texas, the projects CAMS will support include 100 megawatts (MW) at Bat Cave Energy Storage in Mason County and an additional 100 MW at North Fork Energy Storage in Williamson County.

The addition of the projects solidifies CAMS as one of the largest third-party battery O&M providers in the country, now delivering O&M at 12 sites totaling 300 MW.

“We are excited to expand our partnership with Broad Reach by supporting Bat Cave and North Fork which are among the most advanced and largest energy storage projects in North America,” said Brian Ivany, Co-President of CAMS Renewable Services. “These projects will provide greater reliability to the grid which continues to experience increased volatility from renewable penetration and severe weather events.”

CAMS was named the O&M operator following a competitive bidding process.

“This partnership is a fantastic recognition of the strength of CAMS’ service offering and further grows our renewables footprint,” said Rick Knauth, Co-President of CAMS Renewable Services. “It also supports our commitment to the transition of energy generation toward renewable sources and ESG-focused business practices.”

“As our Broad Reach portfolio of standalone energy storage assets continues to grow in megawatt scale, we look forward to furthering our relationship with CAMS to support the operational performance, reliability and safety of our critical infrastructure,” said Doug Moorehead, Managing Partner & Chief Technology Officer of Broad Reach Power.

About CAMS

CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. We add value through superior management and operation of our clients’ assets located throughout the U.S. and internationally. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment.  For additional information, visit www.camstex.com.

About Broad Reach Power

Broad Reach Power is the leading utility-scale storage independent power producer in the United States. Based in Houston, Broad Reach Power is backed by leading energy investors EnCap Investments L.P., Yorktown Partners and Mercuria Energy. The company owns a 13-gigawatt portfolio of utility-scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas which give utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. Broad Reach is led by a team comprised of solar, wind and storage experts who have delivered more than four gigawatts of projects and have a combined 80 years of experience in the field. For more information about the company, visit www.broadreachpower.com.

Press Release | 04.14.21

ATLANTA – Consolidated Asset Management Services, LLC (CAMS) and The Integral Group (Integral), co-owners of Assembly, one of the most significant commercial real estate projects in metro Atlanta, today announced it completed the sale of the remaining 127 acres of the 165-acre site of the former GM plant located in DeKalb County, Ga.

CAMS and Integral jointly negotiated the terms of the Purchase and Sale Agreement to Pearl Railroad Assembly Yard, LLC for the remaining, undeveloped parcels of the largest mixed-use, transit-oriented development in the Southeast United States.

CAMS along with Integral, its Atlanta-based development partner, acquired Assembly, the 165-acre property located near I-285 and I-85, in 2014 from GM. The former GM plant had sat vacant for seven years without a practical plan for redevelopment. CAMS and Integral utilized private capital exclusively to clear the way for one of metro Atlanta’s largest redevelopment projects.

CAMS led the effort to dismantle the 4 million-square-foot facility in an environmentally friendly and safe manner, and in record time – less than 10 months. Approximately 150,000 tons of buildings, concrete, steel, and related materials were recycled and repurposed. Installation of all utilities, such as water, sewer, power, and fiber optics in accordance with the city’s approved Master Plan, were then completed. The development plans included townhomes, multi-family units, food halls, a rail park, hotel workspaces and public spaces.

Assembly is designed as a sustainable and progressive mixed-use community, focused on meeting the needs and desires of its citizens and neighbors. It is well-positioned to drive regional economic development for decades to come. Third Rail Studios, a film and production company, has had a location at the site since 2016. Two other companies, Serta Simmons Bedding and Asbury Automotive, also purchased Assembly property from CAMS and Integral to develop facilities.

“This successfully concludes our investment in this complex project,” said Joseph W. Sutton, CEO of CAMS. “We are excited about the new opportunities it provides for the City of Doraville and DeKalb County.”

Press Release | 02.09.21

HOUSTON – Consolidated Asset Management Services (CAMS), an industry-leading asset management and operations and maintenance (O&M) services provider, and FlexGen, the second-largest U.S. energy storage technology company, announced today that they have formed a strategic partnership to serve the growing battery energy storage system (BESS) market in the United States.

The partnership creates the first comprehensive services offering for BESS owners and investors, covering greenfield development and brownfield redevelopment. FlexGen’s proprietary HybridOS control system and proven ability to navigate the global procurement system, coupled with CAMS’ geographic scale and operational expertise, delivers a reliable and streamlined BESS solution.

“We are very pleased to partner with FlexGen to create this comprehensive service offering,” said Brian Ivany, co-president of CAMS Renewable Services. “As the complexity and size of BESS development grow, it is vital to embed maintenance and operational considerations into the asset design phase. Working with FlexGen to design, procure and construct the optimal physical components and software control systems in the context of O&M results in a more cost-effective and reliable project.”

“FlexGen is excited to work with CAMS to serve our clients as they work to navigate the energy transition,” said Steve Panagiotou, director of commercial operations at FlexGen.  “CAMS has a proven track record in asset management and O&M services in the power generation market. We look forward to working with them to provide energy investors end-to-end battery storage solutions.”

For more information about the combined offerings, please visit here.

About CAMS

CAMS is a privately held company providing a full range of services in the energy sector. These services include lifecycle management of Environmental, Social, and Governance (ESG) issues for all facility and industry types. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment.  We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.

About FlexGen

FlexGen is the second-largest U.S. energy storage technology company, and first in Texas with an 80% market share. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our customers and partners include the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world. For more information, visit www.flexgen.com.

 

Press Release | 01.12.21

HOUSTON – Consolidated Asset Management Services (CAMS) today announced that it has acquired the U.S. solar operations and maintenance (O&M) business of Belectric Inc. The Belectric portfolio includes 141 operating sites in 11 states.

With extensive O&M and Asset Management experience in renewable power generation, CAMS sees this solar O&M transaction as a natural extension of its existing offerings. With this acquisition, CAMS continues to execute its strategy of advancing its renewable energy footprint and leads the way in providing a full range of services to its customers.

“We are excited to grow our regional presence in the solar power industry,” said Greg Bobrow, COO of CAMS. “The purchase of Belectric compliments and further strengthens our existing capabilities and markets in the power generation industry. It integrates seamlessly into the CAMS suite of solutions that are focused on and guided by sustainability.”

CAMS has long prioritized the development of renewable energy resources, both for reducing emissions and supplementing existing electricity generation. Since its establishment in 2007, CAMS has expanded its presence in renewables generation (wind, solar, battery storage) representing approximately 3,500 MWs of generating capacity, with offsetting emissions estimated at 8.2 million tons of C02 annually. CAMS brings its existing technical, EH&S, regulatory, and other areas of expertise and best practices to efficiently and safely support this solar power generation market.

“Our company and our customers are increasingly focused on the transition of energy generation towards renewable sources,” Bobrow added. “CAMS always looks for ways to support an improved environment while at the same time providing cost savings and creating value for our customers. We at CAMS look forward to a growing marketing presence in the solar energy space.”

About CAMS

CAMS is a privately held company providing a full range of services in the energy sector. These services include lifecycle management of Environmental, Social, and Governance (ESG) issues for all facility and industry types. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment.  We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.

About Belectric

Belectric Inc. is part of the BELECTRIC Group, one of the most successful enterprises in the development, construction and Operations & Maintenance of utility scale solar power plants. BELECTRIC has constructed globally over 400 solar PV power plants with over 3.0 GW of installed capacity.

Press Release | 12.23.20

HOUSTON – Consolidated Asset Management Services (CAMS) announced today it made a corporate donation to the Houston Food Bank. The gift, made on behalf of CAMS employees, supports a local non-profit that offers a critical lifeline to some of the most vulnerable members of the greater Houston community.

“Our communities continue to suffer the impact of COVID-19,” said CAMS COO Greg Bobrow. “As we look to a brighter future, our company shares a sense of responsibility to assist. This gift supports a non-profit that continues to provide essential services despite the challenges of 2020.”

Due to the ongoing COVID-19 pandemic, there has been an increased need for food assistance in Southeast Texas communities. CAMS’ donation helps provide 30,000 meals to families in need. The Houston Food Bank is the area’s largest hunger-relief distribution agency.

“On behalf of CAMS, we would like to extend our personal and genuine appreciation to the Houston Food Bank and all its volunteers who have worked tirelessly to serve those in need during these challenging times,” said Bobrow.

“Thank you so much for this generous donation,” said Yolanda Webb, Strategic Gifts Officer of Houston Food Bank. “We are so proud that we can count on leaders like CAMS in our community to stand up and make a difference. This gift is so valuable and truly making a difference for so many in need of food and hope right now.”

Press Release | 11.20.20

Consolidated Asset Management Services (CAMS) presented three different topics at the virtual Air & Waste Management Association’s (A&WMA) MEGA Symposium – Navigating the Emerging Energy Environment.

CAMS experts discussed the energy sector in times of disaster and pandemic, and the transformation of the energy landscape.

The A&WMA MEGA Symposium as a whole examined the various perspectives on electric power issues as the industry transitions to a cleaner footprint with advanced, cost-effective and reliable energy solutions. Challenges and opportunities will be discussed for new technologies such as renewables and batteries, traditional fossil-based power generation, and the intersection of new and existing energy sources.

Access CAMS presentations below or contact us for more information at info@camstex.com.

 

Powering Through COVID While Maximizing Employee Safety & Minimizing Operational Impacts During a Pandemic

Luke Henderson, CAMS

CAMS O&M East Region team shares operating experience on prioritizing the safety of our employees and maintaining operational readiness during the COVID-19 pandemic.

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Decommissioning, Decontamination, and Demolition of Coal Plants

Nick Kemper, CAMS, and Jason Goldberg, FE Group

CAMS’ brownfield redevelopment team discusses the proven methods of decommissioning, decontamination, demolition and redevelopment of aging coal-fired power facilities in order to repower the property with renewable generation technology.

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Old Smokey Power – Transforming Aging Power Plants

Peter Belmonte, CAMS

Today’s utilities and power generating companies need help transforming aging power plants through retirement, replacement, retrofitting or redevelopment. With power infrastructure in place, CAMS looks at all the generation options available to replace “old smokey power” and evaluates those costs and viabilities.

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About A&WMA

A&WMA is a not-for-profit, nonpartisan professional organization that enhances knowledge and expertise by providing a neutral forum for technology exchange, professional development, networking opportunities, public education, and outreach to more than 5,000 environmental professionals in 65 countries. A&WMA also promotes global environmental responsibility and increases the effectiveness of organizations to make critical decisions that benefit society. For more information, please visit www.awma.org.

Press Release | 10.19.19

HOUSTON – Consolidated Asset Management Services, LLC (“CAMS” or the “Company”) announced the execution of an agreement to perform accounting and other related services for Silverado Oil & Gas, LLC (“Silverado”).

Silverado is a privately held company focused on the acquisition and exploitation of oil and gas assets and formed in partnership with EnCap Investments L.P. The Silverado team has decades of oil and gas expertise for both public and private companies across numerous conventional and unconventional resource plays in the United States. For additional information, please visit www.sogllc.com.

CAMS, headquartered in Houston, was formed in 2007 to provide back office and acquisition support services for energy assets including power generation, E&P, midstream and renewables, both domestically and abroad. CAMS leverages its economies of scale and experienced professionals to reduce costs, improve financial accuracy, and exceed external reporting requirements for owners of energy assets. CAMS E&P provides comprehensive asset management services to independent oil and gas companies active in a variety of areas including onshore, offshore, conventional, and shale plays. For additional information, please contact bivany@camstex.com or visit www.camstex.com.

 

Press Release | 08.23.19

HOUSTON – Earlier this month, Consolidated Asset Management Services (“CAMS”) and its O&M team received nine (9) Best Practices Awards, two (2) of them being “Best of The Best” Awards for 2019 from the Combined Cycle Journal (“CCJ”) (http://www.ccj-online.com/7f-owner-operators-capture-five-top-best-practices-awards/).

The Best Practice Awards, according to Scott Schwieger, General Manager of CCJ, recognize the valuable contributions made by owner/operator personnel to improve the safety and performance of generating facilities powered by gas turbines.

“Best Practices Awards” recipients for CAMS’ operated plants include:

  • Barney Davis Energy Center
  • Calhoun Power
  • Nueces Bay Energy Center
  • St. Charles Energy Center
  • Orange Cogen
  • Mulberry
  • Orlando Cogen

“Best of The Best Awards” recipients for CAMS’ operated plants include:

  • Lawrenceburg Power LLC
  • Woodbridge Energy Center

“We believe part of what differentiates CAMS as an operator, is the ability to cultivate a sense of ownership and a desire for continuous improvement in our operating teams. We are thrilled to see these hard-working teams be recognized for their added value to the facilities and respective owners,” said Eric Garrett, Executive Vice President of Operations for CAMS.

About CAMS

CAMS is a privately held company providing Asset Management (AM), Operations and Maintenance (O&M) and other technical services for the Exploration and Production, Midstream and Power Generation sectors of the energy industry. CAMS’ O&M and AM experience includes over 100 power facilities in North America, totaling nearly 35,000 MW. For additional information, please visit us at www.camstex.com.

Press Release | 04.09.18

TEMPLE, Texas – Temple Generation I, LLC (“Temple Generation” or the “Company”) is working to meet Texas’ electricity needs with its 758-megawatt, natural gas-fired, combined-cycle power plant located in Temple, Texas.  The plant provides enough energy to power 750,000 homes across central Texas. Built in 2014, and equipped with modern, flexible, and efficient turbines, Temple Generation serves as a key generating resource to meet Texas’ growing demand and the changing needs of the ERCOT marketplace.

The Company successfully emerged from a Chapter 11 reorganization on February 7, 2018.  As part of that comprehensive process, pre-petition indebtedness was exchanged for 100% of the new equity interests in the Company.  In addition, Temple Generation strengthened its balance sheet and positioned its operations for future success by securing a $50 million exit financing facility, eliminating in excess of $250 million of pre-petition indebtedness and replacing, renegotiating and optimizing key commercial arrangements through the process. The Company emerged with a new independent Board of Directors and Woodlands Energy Management LLC (“WEM”) now provides executive leadership.  WEM’s Chief Executive Officer, Daniel Hudson, and Vice President of Energy Markets, Chandler Morris, also advised creditors during the restructuring process.  In addition, Consolidated Asset Management Services is providing asset management services to the plant, and EDF Energy Services is acting as the new energy manager.

“Temple Generation has emerged stronger and more flexible than ever,” said WEM CEO Daniel Hudson. “Its Temple power plant continues to be a leading clean, low-cost power supplier ready to reliably meet Central Texas’ growing electricity demand.”

In addition to WEM, Temple Generation has retained investment banking firm Houlihan Lokey to evaluate strategic alternatives on behalf of the Temple Generation board of directors.

Temple Generation I, LLC is an energy development company based in Temple, Texas.