Leading Energy Transition Teams & Projects
TEP has been committed to the energy transition for more than 20 years, partnering with innovative industry leading platforms and management teams.
TEP PORTFOLIO
2021 | Houston, TX | Decarbonization Infra | Active
Details
NextDecade is a leading low-carbon LNG and carbon capture solutions developer. NextDecade is committed to providing the world access to cleaner energy. Through it’s wholly-owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, NextDecade is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. It is also working with third-party customers around the world to deploy it’s proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities.
2023 | Flower Mound, TX | Decarbonization Infra | Active
Details
Trinity Gas Storage is the developer of an up to 50 Bcf natural gas storage project in Bethel Texas. The project is located at a major intrastate midstream hub between Dallas, Carthage and the Gulf Coast, offering supreme interconnectivity. Trinity’s depleted reservoir will serve the state of Texas by offering invaluable services to it’s citizens and businesses, allowing for more flexible midstream infrastructure, and helping to alleviate the impacts of an increasingly intermittent power grid. Trinity Gas Storage plays an integral role in bolstering the state’s energy security and reliability.
PREVIOUSLY MANAGED
BlackRock | 2018 | Houston, TX | Decarbonization | Active
Details
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in major competitive wholesale and retail power markets across the U.S. Through wholesale power operations and it’s retail businesses, Calpine’s diverse team of approximately 2,300 employees serves customers across 22 states, Canada and Mexico. Calpine operates a fleet of 76 power plants representing nearly 26,000 MW of generation capacity. Environmental stewardship is fundamental to Calpine’s philosophy and culture; in addition to operating the largest geothermal facility in the world and the youngest, most efficient fleets of gas-fired power plants, Calpine has been a long-time advocate of the Clean Power Plan, Paris Agreement, carbon pricing, and decarbonization.
BlackRock | 2018 | Houston, TX | Decarbonization | Active
Details
NextDecade is a clean energy company accelerating the path to a net-zero future. Leading innovation in greener LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through it’s wholly-owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, NextDecade is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. It is also working with third-party customers around the world to deploy it’s proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities.
BlackRock participated in NextDecade’s Series B offering.
BlackRock | 2017 | Houston, TX | Upstream | Active
Details
Bedrock Energy Partners is a privately funded E&P company focused on the acquisition and optimization of mature upstream oil and gas assets. It’s primary focus is the Barnett Shale and other mature basins. Bedrock aims to take a disciplined approach in every facet of it’s operations, refining and using all sources of data to drive decisions. Bedrock is committed to maximizing value for every well, leveraging technology to efficiently manage and increase production.
MDP | 2006 | Boston, MA | Renewable Energy | Realized
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First Wind was a leading developer of wind and solar assets in the United States, primarily targeting markets short renewable power, and with a focus on superior economics rather than quantity. It built 17, and developed another 18 assets over the course of MDP’s ownership, and was a pioneer in renewable power development. First Wind grew to be the United States’ second-largest independent wind developer over the same period. First Wind was acquired by SunEdison and TerraForm Power in 2014.
MDP | 2006 | New York, NY | Decarbonization | Realized
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US Power Generating Company (“USPowerGen”) owned and operated fifty-three generating units at three facilities with a total summer capacity of over 2,180 Megawatts (MW). USPowerGen subsidiaries sold energy and capacity into the NYISO deregulated market. The company represented generation sufficient to serve approximately 20% of the overall load in New York. The company was sold in 2010 to financial buyers.
MDP | 2003 | Tulsa, OK | Midstream | Realized
Details
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores, and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel, and crude oil.