Long Ridge Energy Terminal
Long Ridge Energy & Power develops and operates a 485 MW combined-cycle gas power plant in Hannibal, Ohio, delivering turnkey Power-as-a-Service and PJM wholesale power to hyperscale data centers and large industrial customers via long-term PPAs, with vertically integrated natural gas supply and multimodal terminal infrastructure; pending sale to MARA Holdings for ~$1.5B.
- Company typePrivate
- Founded2017
- HeadquartersCanonsburg, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Long Ridge Energy Terminal does
Long Ridge Energy & Power LLC is a privately held infrastructure company, founded in 2017 and wholly owned by FTAI Infrastructure Inc. (Nasdaq: FIP, externally managed by an affiliate of Fortress Investment Group), that develops, owns and operates scalable power generation assets primarily through its 485 MW net combined-cycle natural gas power plant in Hannibal, Ohio. The plant, which reached commercial operations in October 2021 after a 27-month build, uses a GE 7HA.02 combustion turbine capable of 15-20% hydrogen blending by volume (the first utility-scale U.S. deployment of this kind, beginning March 2022) and is fully integrated with the PJM Interconnection via a dedicated 138 kV switching station. Adjacent to the plant, Long Ridge operates a 1,600+ acre multimodal terminal on the Ohio River with two barge docks, a unit-train capable rail loop, and frac sand/NGL transloading infrastructure, plus a vertically integrated natural gas supply consisting of 24 producing Utica Shale wells (Ohio) and 5 initial Marcellus Shale wells (West Virginia) coming online in 2025.
The company sells power and energy services to hyperscale data center operators and large industrial users through a turnkey Power-as-a-Service model — long-term power purchase agreements under which Long Ridge designs, builds, owns and operates onsite or behind-the-meter power infrastructure for the customer — alongside wholesale electricity sales to PJM under long-term fixed-price power sale agreements with investment-grade counterparties and merchant market exposure. It also markets natural gas, NGLs and frac sand through its Ohio River transloading terminal. Pricing is quote-based and contract-driven: approximately 76% of capacity is hedged at $38.80/MWh, operating costs run below $15/MWh, and the asset is expected to generate approximately $144 million in annualized adjusted EBITDA at 485 MW. The broader platform includes a planned 125-acre hyperscale data center campus within the same site, with an initial 24 MW IT-capacity phase ("LR-1"). Long Ridge is the subject of a definitive agreement (announced April 30, 2026) for FTAI Infrastructure to sell it to a MARA Holdings subsidiary for approximately $1.5-1.52 billion including ~$785 million of assumed debt, with closing expected in the second half of 2026 subject to HSR and FERC approvals.
Long Ridge Energy Terminal firmographics
Firmographics- Name
- Long Ridge Energy Terminal
- Legal name
- Long Ridge Energy & Power LLC
- Website
- https://longridgeenergy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Long Ridge Energy & Power develops and operates a 485 MW combined-cycle gas power plant in Hannibal, Ohio, delivering turnkey Power-as-a-Service and PJM wholesale power to hyperscale data centers and large industrial customers via long-term PPAs, with vertically integrated natural gas supply and multimodal terminal infrastructure; pending sale to MARA Holdings for ~$1.5B.
- Ownership category
- akta.pro rank
Long Ridge Energy Terminal industry classification
Industry- Product category
- Independent Power Generation
- NAICS
- Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)
- SIC
- Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator) (EUAEALAA)
- akta.pro secondary industries
- Plant Performance Engineering & Optimization (Yield, Availability, Loss Analysis) (EUAMAGAC), Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates) (EUAMAGAN)
Keywords
Where Long Ridge Energy Terminal is headquartered
LocationHeadquarters
- HQ city
- Canonsburg
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Long Ridge Energy Terminal business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Power Purchase Agreements (Power-as-a-Service): Long-term power purchase agreements with industrial and hyperscale customers under the Power-as-a-Service model; Long Ridge designs, builds, owns and operates the onsite power infrastructure and sells power to the customer under multi-year contracts.
- Wholesale electricity sales to PJM grid: Long-term fixed-price power sale agreements with investment grade counterparties and merchant sales into the PJM Interconnection wholesale market.
- Natural gas production and transloading: Self-supply natural gas from Utica and Marcellus Shale wells and Ohio River transloading/storage for NGLs, frac sand and other commodities, supporting both internal fuel needs and external commodity sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Long-term Power Purchase Agreement (PaaS) — quote-based with capacity hedging |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Long Ridge Energy Terminal product offering
Product offeringCore offering
Long Ridge develops, owns, and operates scalable high-efficiency power plants—anchored by a 485 MW combined-cycle gas turbine facility in Hannibal, Ohio—and delivers turnkey Power-as-a-Service (PaaS) onsite power generation solutions to hyperscale data center and large industrial customers under long-term Power Purchase Agreements. The offering includes design, build, ownership and operation of grid-connected or behind-the-meter power infrastructure, supported by vertically integrated natural gas production and multimodal Ohio River logistics.
Product overview
Long Ridge Energy Terminal operates an integrated energy infrastructure platform anchored by a single core asset — the 485 MW Hannibal Power Plant in Hannibal, Ohio — augmented by four additional products/services: the Power-as-a-Service (PaaS) turnkey onsite power offering, vertically integrated Natural Gas Wells & Infrastructure supplying the plant, the planned Long Ridge Data Center Campus for hyperscale tenants, and the legacy Long Ridge Energy Terminal multimodal logistics infrastructure (rail loop track, barge docks, frac sand silos). Together these offerings form a single platform combining power generation, fuel supply, customer onsite power services, data center site development, and bulk commodity transloading, all backed by Fortress Transportation and Infrastructure Investors LLC (FTAI Infrastructure, Nasdaq: FIP), with the company being the subject of a pending $1.5B acquisition by MARA Holdings announced April 30, 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Hannibal Power Plant
- Power-as-a-Service (PaaS)
Quantifiable outcome
- 485 MW net combined-cycle output (online since October 2021)
- +6 more outcomes
Companies that use Long Ridge Energy Terminal
Customer profileSegments3 records
Ideal customer profiles3 records
Long Ridge Energy Terminal technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature6 records
Long Ridge Energy Terminal partnerships and signals
Strategic signalScale indicators11 records
Recent moves7 records
Expansion highlights6 records
Long Ridge Energy Terminal competitors and assessment
Company assessmentDirect peers
- Enchanted Rock Holdings: Enchanted Rock provides turnkey onsite natural gas backup and prime power generation as a service, targeting data centers and large industrial customers. It is the closest direct competitor to Long Ridge's Power-as-a-Service model, operating similar modular gas-fired generation behind the meter for mission-critical loads.
- New Fortress Energy: New Fortress Energy partners with Long Ridge on hydrogen blending at Hannibal and develops LNG-to-power infrastructure projects. It is a direct peer in modular, fuel-flexible, behind-the-meter power solutions targeting industrial and hyperscale customers, with significant overlap in customer use cases and execution playbook.
Broad incumbents
- Vistra Corp: Vistra is one of the largest US independent power producers, with a large gas, nuclear and coal fleet serving PJM, ERCOT and other markets. It is a broad incumbent comparable to Long Ridge as a merchant/contracted power generator in PJM, and is itself pursuing hyperscale data center power deals that compete with Long Ridge's value proposition.
- Talen Energy: Talen Energy is an independent power producer with nuclear, gas and coal capacity across PJM, including Susquehanna nuclear, and recently signed an outsized behind-the-meter power deal with Amazon for a Pennsylvania data center campus. It competes with Long Ridge for hyperscale power agreements and shares PJM exposure, with Long Ridge's CFO Vance Powers having previously been Talen's divisional CFO.
- Constellation Energy: Constellation is the largest US clean-energy IPP, with a major nuclear fleet in PJM (including the planned Three Mile Island restart for Microsoft). It is a broad incumbent competitor in the hyperscale power space and sets the strategic benchmark for nuclear-led, carbon-free behind-the-meter data center power deals that Long Ridge's gas-led offering must compete against.
- NRG Energy: NRG Energy is a large US retail electricity provider and IPP with substantial PJM generation capacity, including gas, and has been actively pursuing data center power supply agreements (including a recent agreement with a hyperscaler). It is a broad incumbent competing with Long Ridge for hyperscale offtake in PJM.
Emerging players
- Bloom Energy: Bloom Energy deploys onsite solid-oxide fuel cell systems, including at major data center campuses (e.g., AEP, Equinix). It is an emerging competitor in behind-the-meter clean power for hyperscale and industrial customers, offering a hydrogen-capable alternative to Long Ridge's gas turbine PaaS model.
Others
- GE Vernova: GE Vernova is the OEM supplier of the 7HA.02 combustion turbine that anchors Long Ridge's Hannibal plant and is the company's hydrogen-blending integration partner. It is an adjacent ecosystem participant whose product roadmap, service agreements and turbine technology choices directly shape Long Ridge's operating economics and decarbonization optionality.
- EQT Corporation: EQT is the largest US natural gas producer, headquartered in Pittsburgh with major Appalachian operations that overlap Long Ridge's Utica and Marcellus fuel-supply footprint. It is an adjacent ecosystem participant — Long Ridge's Director of Strategic and Financial Planning previously spent 8 years at EQT — and is both a comparable fuel-cost benchmark and a potential gas-supply counterparty.
Regional players
- Hess Midstream / Antero Midstream: Antero Midstream operates gathering, processing and water infrastructure in the Appalachian Basin alongside Antero Resources, which is one of Long Ridge's referenced operations-manager alumni employers. It is a regional peer that overlaps with Long Ridge's natural gas and NGL logistics operations along the Ohio River and in the Marcellus/Utica plays.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Long Ridge Energy Terminal social profiles
Digital presenceLong Ridge Energy Terminal compliance and trust
Trust signalCompliance1 record
Long Ridge Energy Terminal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Long Ridge Energy Terminal leadership team
Management profileNumber of profiles
Profiles13 records
Long Ridge Energy Terminal subsidiaries and ownership
Company hierarchySubsidiaries1 record
Long Ridge Energy Terminal funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Long Ridge Energy Terminal M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Long Ridge Energy Terminal
What does Long Ridge Energy Terminal do?
Long Ridge develops, owns, and operates scalable high-efficiency power plants—anchored by a 485 MW combined-cycle gas turbine facility in Hannibal, Ohio—and delivers turnkey Power-as-a-Service (PaaS) onsite power generation solutions to hyperscale data center and large industrial customers under long-term Power Purchase Agreements. The offering includes design, build, ownership and operation of grid-connected or behind-the-meter power infrastructure, supported by vertically integrated natural gas production and multimodal Ohio River logistics.
Is Long Ridge Energy Terminal a public or private company?
Long Ridge Energy Terminal is a private company. It is classified as venture growth investor backed and is currently operating.
When was Long Ridge Energy Terminal founded?
Long Ridge Energy Terminal was founded in 2017. It employs 11 to 50 people.
Where is Long Ridge Energy Terminal based?
Long Ridge Energy Terminal is headquartered in Canonsburg, United States, in the North America region.
How does Long Ridge Energy Terminal make money?
Three revenue lines are on record. Power Purchase Agreements (Power-as-a-Service) is the primary driver. The others are wholesale electricity sales to PJM grid and natural gas production and transloading.
Who are Long Ridge Energy Terminal's main competitors?
Direct peers on record are Enchanted Rock Holdings and New Fortress Energy. Broad incumbents are Vistra Corp, Talen Energy, Constellation Energy and NRG Energy. Bloom Energy is listed as an emerging player. Others are GE Vernova and EQT Corporation. Hess Midstream / Antero Midstream is listed as a regional player.
Does Long Ridge Energy Terminal have an API?
No public API is recorded for Long Ridge Energy Terminal.
What industry is Long Ridge Energy Terminal in?
Long Ridge Energy Terminal's product category is Independent Power Generation. Its primary akta.pro industry code is EUAEALAA, Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator), with a secondary code of EUAMAGAC, Plant Performance Engineering & Optimization (Yield, Availability, Loss Analysis). Its NAICS code is 221112 and its SIC code is 3510.