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Tag: asset management

Articles | 12.19.22

Consolidated Asset management Services (CAMS) serves as the asset manager for Carolina Power Partners (CPP) and actively engages in community service that aligns with the ESG goals of both companies. CPP owns Kings Mountain Energy Center (KMEC), a 475-megawatt combined cycle facility located in Kings Mountain, N.C., that provides reliable, environmentally-friendly power to the Carolinas. Currently, the CPP-CAMS team was involved in two initiatives to help CPP customers in Winterville, N.C.

For the first initiative, CAMS developed an educational campaign to inform CPP customers of the causes of rising electricity costs. The flyer provides useful tips to conserve energy and save money. This information was available through a “Guide to Your Winter Electricity Bill” publication that was posted to the Town of Winterville website. The guide also provides an overview of the KMEC, which produces most of the power CPP supplies to local towns, cites and universities in North and South Carolina.

For the second initiative, CAMS organized a partnership with the Town of Winterville, Greene Lamp (a local Community Action Agency), and CPP to provide lower income families financial assistance to reduce their monthly electricity bills throughout  a 12-month period. Funds donated by CPP are expected to support approximately 265 families in the Town of Winterville.

Press Release | 03.29.22

HOUSTON–(BUSINESS WIRE)–Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of energy and infrastructure assets, announced today that it has been awarded contracts by affiliates of ArcLight Capital Partners, LLC (ArcLight) to provide operations and maintenance (O&M) and asset management services for power generating assets representing over 10 gigawatts (GW) of capacity.

The facilities are well diversified across markets, technology and fuel type and will allow for the integration of intermittent renewable resources over the coming years.

“We are excited to manage and operate this fleet of energy assets that provide reliable power throughout the U.S.,” said CAMS Chief Operating Officer Greg Bobrow. “We have an extensive and successful track record of providing sustainable, value-added services for owners of energy infrastructure assets and are pleased to be involved with these portfolios that also have the ability to support the transition to renewable sources of generation.”

ArcLight is a leading private equity firm focused on energy and energy transition infrastructure. An ArcLight spokesperson noted that the acquisitions of the portfolios required a collaborative effort and were substantial milestones for ArcLight and CAMS.

“We want to highlight the support, leadership and coordination the CAMS team provided through each phase of the process,” the spokesperson said. “From due diligence to the early stages of our ownership, CAMS has been helpful, responsive and very strong on the transition and operational leadership. CAMS was a critical team member in successfully completing these acquisitions.”

CAMS has experience managing and operating hundreds of conventional and renewable power generation assets with over 51 GW of generating capacity. The company has been awarded 75 industry best practice awards since 2013 and has $20 billion of assets under management.

Press Release | 02.18.22

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 an asset management agreement to support Aerogy, a renewable fuels platform backed by Macquarie Capital that develops, operates and invests in renewable natural gas (RNG) infrastructure projects that convert waste into low-carbon energy.

Aerogy recently announced that it had successfully co-developed, closed financing and commenced construction on an anaerobic digestion facility at a leading dairy producer, Zahn’s Farm, located near Gillett, Wisc. The facility will convert manure into RNG and is anticipated to produce over 200,000 MMBTu of RNG per year.

“We are excited to continue our partnership with Macquarie Capital and its portfolio companies,” said Jeff Sommers, CAMS Chief Financial Officer. “We look forward to helping Aerogy and its owners achieve their goals and continued growth.”

“Macquarie’s market-leading expertise in infrastructure combined with CAMS’ deep understanding of operations and management will support Aerogy in accelerating projects across the renewable fuels landscape,” said Nicholas Gole, Senior Managing Director at Macquarie Capital. “By investing in breakthrough energy solutions which help reduce emissions, Aerogy aims to facilitate the transition to a lower carbon economy.”

To learn more about Aerogy and the Zahn’s farm facility, visit www.aerogyenergy.com.