US Grid Company, a New York-based company that owns and operates power plants critical to the reliability of power supply in major US cities while achieving large reductions in carbon, received an investment from major energy investors EnCap Investments and Yorktown Partners.
The amount of the deal was not disclosed.
The company will use the funds to acquire and manage critical electric generation assets in major US cities and assure the reliability and resilience of the power supply in those cities.
Led by Chief Executive Officer Jacob Worenklein acquires and operates power plants critical to the reliability of power supply in major US cities, with a focus on the Northeast and Midwest.
The company seeks to assure the reliability of power supply in those cities while achieving massive carbon reductions.