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New power infrastructure firm forms, appoints Houston-based execs

Mike Damante
Jan 23, 2024, 10:56 am
Four Houston energy execs have been appointed to a newly formed firm. Photo via Getty Images

A leading middle market infrastructure firm has formed a new entity to oversee its power infrastructure portfolio.

ArcLight Capital Partners announced that it has formed Alpha Generation to provide strategic management and oversight of its power infrastructure portfolio. ArcLight and AlphaGen will focus on secure, safe, and sustainable access to power to help meet the growing infrastructure needs created by electrification.

The power infrastructure portfolio will be managed by AlphaGen and includes low-cost, low-carbon strategically located assets that provide critical supply to key demand centers, including throughout the tri-state area of New York, New Jersey, and Connecticut. The portfolio will represent a competitive fleet and one of the nation's largest natural gas-fired power portfolio.

AlphaGen also announces its executive leadership team that features four Houstonians in prominent roles. Mary Anne Brelinsky has been named as president and chief commercial officer, Stacey Peterson as CFO, Nick Rahn as COO, and Jason Buchman will serve as general counsel.

Brelinsky is in charge of leading the commercial-facing aspects of AlphaGen. She served as president of EDF Energy North America, which she helped grow to become the third largest energy retail business in North America. Previously, Peterson was CEO of utility-scale battery storage developer and operator, Broad Reach Power. She has 20 years of experience in power and utilities. Rahn was formerly the Senior Vice President of Asset Management at Competitive Power Ventures (CPV), was CEO of Optim Energy, and Vice President of Resource Development, Environmental and Construction at PacifiCorp,which is a division of Berkshire Hathaway Energy. Buchman has over 25 years of experience, as he has held senior and executive roles at public and private companies specializing in wholesale power generation, oilfield and analytical services, and infrastructure development.

Additional non-local appointments include: Curt Morgan as CEO and Chairman, effective May 1, 2024; Mark Sudbey will serve as interim CEO until May; and Michael Bruneau as executive vice president of corporate development and strategy.

"AlphaGen has brought together a highly accomplished and experienced executive team responsible for creating a common culture and vision, capturing efficiencies, leveraging economies of scale, and driving a standard of operational excellence across ArcLight's funds' power generating portfolio," Curt Morgan, CEO and chairman of AlphaGen, says in a news release.

"We believe we are well positioned to serve the current and future needs of the portfolios' customers as the demand for safe, reliable, and dispatchable power continues to grow. We believe our power assets will continue to play a critical role in grid reliability and energy security for decades to come," he continues.

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hydrogen index

Houston organization proposes Gulf Coast index for hydrogen market

The Clean Hydrogen Buyers Alliance plans to create the Gulf Coast Hydrogen Index to bring to bring transparency and confidence to hydrogen pricing. Photo via Getty Images

The Clean Hydrogen Buyers Alliance has proposed an index aimed at bringing transparency to pricing in the emerging hydrogen market.

The Houston-based alliance said the Gulf Coast Hydrogen Index, based on real-time data, would provide more clarity to pricing in the global market for hydrogen. The benchmarking effort is being designed to benefit clean hydrogen buyers, sellers and investors. The index would help position the U.S. “as the trading anchor for hydrogen’s next chapter as a globally traded commodity,” the alliance said.

According to ResearchAndMarkets.com, the global market for clean hydrogen was valued at $200 billion in 2024 and is projected to reach $700 billion by 2040.

John Flory, president of the alliance, said the lack of a pricing index has relegated hydrogen to niche-market status.

“Capital is waiting. Buyers are ready. But until now, there’s been no credible, transparent pricing signal to guide clean hydrogen investing or contracting,” Edward Morse, co-chairman of the Clean Hydrogen Transaction Advisory Committee, said in a news release.

The index would treat the Gulf Coast as the primary delivery hub for pipeline-grade hydrogen in three categories: basic, low-carbon and ultra-low-carbon. It would be similar to the Henry Hub index for pricing of natural gas.

Roger Ballentine, co-chairman of the clean energy advisory committee, said the hydrogen index would build confidence in this energy source among government agencies, companies and investors. A Henry Hub-style benchmark for hydrogen “provides clarity, reduces risk, and lays the foundation for clean energy to become a globally traded commodity critical to decarbonization,” he said.

The Gulf Coast, with Texas as the focal point, is key to the evolution of the U.S. clean hydrogen economy, according to the Fuel Cell and Hydrogen Energy Association.

At the core of the Gulf Coast’s role is the U.S. Department of Energy's selection of the Gulf Coast as one of the country’s seven regional hubs for clean hydrogen. However, the DOE has proposed cutting funding for the HyVelocity Gulf Coast Hydrogen Hub, a $1.2 billion development in Texas and Louisiana by AES, Air Liquide, Chevron, ExxonMobil, MHI Hydrogen Infrastructure and Ørsted, according to a new list of proposed DOE funding cancellations.

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