Long Ridge Energy Terminal Partners with New Fortress Energy and GE to Transition Power Plant to Zero-Carbon Hydrogen
HANNIBAL, Ohio, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Long Ridge Energy Terminal (“Long Ridge”), located in Hannibal, Ohio, announced plans to transition its 485 MW combined-cycle power plant to run on carbon-free hydrogen.
Long Ridge Energy Terminal to Develop 300+ Megawatt Data Center Campus
HANNIBAL, OH (PRWEB) January 29, 2020 -- Long Ridge Energy Terminal, located on 1,600 acres in Hannibal, Ohio announced today its plans to develop a 125-acre data center campus in conjunction with its on-site 485 MW combined cycle power plant currently under construction.
GCM Grosvenor Announces Agreement to Acquire 49.9% Equity Interest in Long Ridge Energy Terminal from Fortress Transportation and Infrastructure Investors
CHICAGO, Dec. 23, 2019 /PRNewswire/ -- GCM Grosvenor (GCM), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire a 49.9% equity interest in the Long Ridge Energy Terminal ("Long Ridge" or "the terminal") from Fortress Transportation and Infrastructure Investors (NYSE: FTAI) for $150 million in cash plus an earn-out.
DP Facilities Bringing Data Centers to Repurposed Aluminum Plant Site in Hannibal, Ohio
ASHBURN, VA. (PRWEB) JUNE 24, 2019 -- DP Facilities, Inc. has selected a site in Hannibal, Ohio for its next world-class data center campus. The facility will be constructed next to the 485 Megawatt natural gas-fired Long Ridge Energy Terminal being developed by Fortress Transportation and Infrastructure Investors LLC, offering hyperscale data center customers up to 125 Megawatts of that electricity at the extremely low cost of approximately 4.5 cents per kWh.
Fortress Transportation and Infrastructure Investors LLC Announces Execution of Long Ridge Energy Terminal Fixed Price Power Sale Agreements and Financing
NEW YORK, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI; the "Company") has made a final investment decision to move forward with its 485 megawatt power plant project at the Long Ridge Energy Terminal.
Fortress Transportation and Infrastructure’s Wholly-Owned Long Ridge Energy Terminal Awarded a $20 Million Federal Grant for Rail and Pipeline Infrastructure Improvements
WASHINGTON, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The following press releases from certain members of Congress were recently released to announce a $20 million federal grant for rail and pipeline infrastructure improvements at the Long Ridge Energy Terminal, wholly-owned by Fortress Transportation and Infrastructure Investors LLC.
Long Ridge Energy Terminal Announces Completion of Rail Construction Project Creating the Appalachian Basin's First Unit Train and Barge Transloading Facility
Hannibal, Ohio, July 12, 2018 – The Long Ridge Energy Terminal (“Long Ridge”) announced the completion of its rail loop track construction project, enabling the facility to take up to three unit trains of frac sand and other commodities at any given point in time. This project was completed in response to the rapidly growing frac sand and natural gas liquids demand associated with the Marcellus and Utica shale in East Ohio and the West Virginia panhandle.
Support for New Power Plant Evident at EPA Hearing in Monroe County
Proposed natural gas-fired facility fuels hope for new jobs.
Fortress Transportation and Infrastructure Investors LLC Announces the Acquisition of Hannibal Development Partners and New Revolving Credit Facility
On Friday, June 16, 2017, Fortress Transportation and Infrastructure LLC (NYSE:FTAI), completed the acquisition of substantially all the assets of Hannibal Development Partners. (“Hannibal”). The purchase price was approximately $30 million.