EIG Geothermal Catalyst Partners Completes Inaugural Investment

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Postmedia has not reviewed the content. by Business Wire EIG Geothermal Catalyst Partners Completes Inaugural InvestmentAuthor of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountInvestment in Power Planet supports development of the Star Peak project and a broader portfolio of EGS projectsWASHINGTON — EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that EIG Geothermal Catalyst Partners, L.P. (“GCP” or the “Fund”) has completed its inaugural investment, partnering with Power Planet, a geothermal development company advancing enhanced geothermal system (“EGS”) projects. The investment will support continued development of Power Planet’s Star Peak EGS Project and the company’s broader portfolio.Star Peak, Power Planet’s lead development effort, is expected to benefit from existing geothermal infrastructure, available interconnection capacity and subsurface data from the Star Peak geothermal field. Together, these attributes are expected to support a phased development approach and help accelerate the path toward commercial-scale generation.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEIG believes geothermal can play an increasingly important role in meeting growing electricity demand with firm, reliable and low-carbon power. The Fund seeks to support high-quality geothermal projects at key stages of their development. GCP’s investments are expected to help sponsors address technical and commercial risks and to enable broader institutional participation in the geothermal sector, while seeking attractive, risk-adjusted returns consistent with EIG’s disciplined investment approach.“The Fund’s inaugural investment is an important milestone and reflects the opportunity we see to support next-generation geothermal development in the United States,” said Andrew Ellenbogen, President of EIG. “We believe Power Planet’s portfolio is well aligned with the Fund’s mission of providing development capital to help advance geothermal projects through key technical and commercial milestones, and we look forward to supporting the company as it advances the Star Peak project and its broader portfolio.”“We are excited about Star Peak because it represents a compelling path to bringing new EGS power to the U.S. grid,” said Keith Elliott, CEO of Power Planet. “We expect to begin delivering EGS electrons in 2027/2028. EIG’s partnership has been instrumental in accelerating the project and attracting additional capital. We are honored that Power Planet was selected for the Fund’s inaugural investment, which supports our next phase of growth. We look forward to building on this partnership as we seek to scale our ambitious development portfolio and accelerate the deployment of EGS across the United States.”For additional information regarding EIG Geothermal Catalyst Partners, please contact EIG at investorrelations@eigpartners.com.This press release is for informational purposes only. This does not constitute an offer to sell or the solicitation of an offer to purchase securities. Any offering will be made only in accordance with applicable securities laws to eligible investors pursuant to confidential offering materials.EIG Geothermal Catalyst Partners constitutes an alternative investment fund as defined in Regulation 3 of the United Kingdom’s Alternative Investment Fund Managers Regulations 2013 (the “AIFM Regulations”) and a collective investment scheme as defined in Part XVII of the United Kingdom Financial Services and Markets Act 2000, as amended (the “FSMA”). The Fund may only be marketed in the United Kingdom in accordance with Regulation 59 of the AIFM Regulations. The Fund has not been authorized, recognized or otherwise approved by the Financial Conduct Authority (the “FCA”) in accordance with the FSMA and, as an unregulated scheme, the fund cannot be promoted to the general public.This press release is being communicated only to, and is directed only at, persons in the United Kingdom who are professional investors (as defined in the AIFM Regulations) and are: (1) investment professionals, as defined in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the “FPO”); (2) high net worth companies, unincorporated associations etc., as defined in Article 49(2)(A) to (D) of the FPO; or (3) persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”). This press release must not be acted on or relied on by persons in the United Kingdom who are not Relevant Persons. In the United Kingdom, any investment or investment activity to which this press release relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.EIG is a leading institutional investor in the global energy and infrastructure sectors with $27.1 billion assets under management as of June 30, 2026. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 44-year history, EIG has committed over $55 billion to the energy sector through 425 projects or companies in 44 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.Power Planet is a geothermal development company focused on advancing enhanced geothermal system projects, including the Star Peak EGS Project and a broader portfolio in Nevada.View source version on businesswire.com: Kelly Kimberly / Brandon MessinaThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.