Longview Infrastructure, a newly formed electric transmission development and investment platform, announced it has secured an equity commitment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion in assets under management.
The data center and electrification-driven growth in electricity demand, increasing adoption of renewable energy sources, and the need for grid reliability drive significant new transmission investment to ensure communities have uninterrupted access to essential services. And together, Longview and Stonepeak will focus on originating, developing, constructing, and operating electric transmission infrastructure projects across the United States to address this need.
Sidley Austin served as legal advisor to Stonepeak. And Vinson & Elkins served as legal advisor to Longview.
KEY QUOTES:
“Longview’s founders, Eric Hayes and Ben Sumers, are industry veterans with extensive knowledge of the transmission industry, which we believe will be a key differentiator in addressing the compelling opportunities in this essential U.S. infrastructure sector. We look forward to working hand-in-hand with them to develop the Longview platform.”
– Rob Kupchak, Senior Managing Director at Stonepeak
“We are excited to partner with Stonepeak to pursue transmission projects across the United States to help enhance connectivity across communities. Rising energy demand and an ever-changing energy landscape requires a historic buildout of transmission infrastructure. Stonepeak’s equity commitment, deep understanding of the transmission space, and operational expertise in building platforms will enable us to effectively scale the team and meet the need in transmission head-on.”
– Eric Hayes and Ben Sumers, Longview’s Co-Chief Executive Officers
