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Stonebriar Commercial Finance Commits $300MM Capital to Accelerated Mobile Power

June 04, 2024, 07:44 AM
Filed Under: Power Generation

Stonebriar Commerical Finance announced a substantial capital commitment of $300 million to Accelerated Mobile Power ("AMP"), facilitating the acquisition of leading-edge low emissions mobile power generation assets. This strategic partnership underscores Stonebriar's dedication to driving economic growth and advancing technological innovation.

Reagan Rorschach, Senior Managing Director at Stonebriar, remarked, "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. Increasing electrical power demand will drive their growth for the foreseeable future.  We are proud to be a part of their solution."

Travis Simmering, President and CEO of Accelerated Mobile Power, said "Stonebriar has been a great partner. 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.”  Dave Bosco, VP of Business Development at AMP, added “US power demand is growing, and power grid resources are struggling to keep the pace.  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."







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