1. Key Capture Energy’s new owner plans to invest a billion dollars into growing and operating the developer.
2. Key Capture Energy operates in an independent power producer model with a portfolio of 600MW in assets and a 9,000MW development pipeline.
3. The CEO of Key Capture Energy, Brian Hayes, highlights the company’s alignment with its owner, SK Group, and the focus on innovation and industry leadership.
Key Capture Energy (KCE) was acquired by SK Group, who planned to invest a billion dollars into the developer. KCE operates in the independent power producer model with assets in Texas and New York and a large development pipeline in the US. The CEO of KCE, Brian Hayes, highlighted the positive relationship with SK Group and their focus on energy transition industries in the US. SK wants KCE to be a leader in the industry and exceed expectations.
Since taking over KCE, SK subsidiary Passkey has aimed to become an innovative battery energy storage company in the US. Hayes emphasized KCE’s goal to be a reference in the industry, focusing on innovation, technology, and high operational standards. SK’s interests in various industries provide advantages to KCE compared to its rivals.
On the topic of M&A activity, Wärtsilä is reviewing its energy storage business, which may impact the market. Florian Mayr, from Apricum, suggested potential synergies with new owners for the company. The changing landscape of the energy storage industry is seeing increased competition, dropping prices, and a focus on recycling to build a local battery supply chain in Europe.