Long Ridge Energy Terminal

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.

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

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

• Power generation services
• Power purchase agreements
• Onsite power solutions
• Combined cycle power
• Natural gas production

Headquarters

HQ city

Canonsburg

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature6 records

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct 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

• LinkedInlinkedin.com/company/long-ridge-energy-terminal

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Long Ridge Energy Terminal