Extol Energy LLC and Riverstone Holdings LLC said they have entered a partnership to pursue investment opportunities in the power sector.
Extol is led by the former management team of Topaz Power Management LP, which managed more than 5,325 MW of conventional power generation. The team recently facilitated the merger of Riverstone’s power generation businesses with the generation assets of PPL Corp. The deal created one of the largest independent power producers in the U.S.
Based in Austin, Texas and funded by Riverstone, Extol specializes in boosting operational efficiencies, reducing risk and maximizing returns on investments in the power sector.
Company officials said they plan to “capitalize on the excellent opportunities we are seeing in this transforming power market.”