Stonebriar Commercial Finance committed capital of $300 million to Accelerated Mobile Power (AMP), facilitating the acquisition of leading-edge low emissions mobile power generation assets.
“We are honored to partner with the AMP team as they build their power generation fleet and serve the electricity needs of customers in the energy industry and beyond,” Reagan Rorschach, senior managing director at Stonebriar, said. “Increasing electrical power demand will drive their growth for the foreseeable future. We are proud to be a part of their solution.”
“Stonebriar has been a great partner,” Dave Bosco, vice president of business development at AMP, said. “Their deep understanding of our business and capital commitment and will help us execute our strategy and serve the growing market need for clean electric power.”
“US power demand is growing, and power grid resources are struggling to keep the pace,” Travis Simmering, president and CEO of AMP, said. “Stonebriar’s capital will help us secure and deploy over 393MW of power generation assets by the end of 2024. The partnership will further help us achieve our goal of 1GW by 2027.”
