Bluewater Gas Storage, LLC

Name

Bluewater Gas Storage, LLC

Legal name

Bluewater Gas Storage, LLC

Website

https://bluewatergasstorage.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Natural Gas Storage Services

NAICS

Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (4862)

SIC

Natural Gas Transmission (4922)

akta.pro primary industry

Underground Storage (Salt Caverns, Depleted Reservoirs) (EUALAEAE)

akta.pro secondary industries

Natural Gas Storage Facilities (Underground Storage, LNG Peak-Shaving) (TLAGAKAC), Natural Gas Compressor Stations & Metering/Regulation Stations (TLAGAKAD), Natural Gas Compression Services (EUAAACAC), Natural Gas Transmission Pipeline Storage (Linepack, Underground Storage Interconnects) (TLAGACAF)

Keywords

• Natural gas storage
• Underground gas storage
• Depleted reservoir storage
• Pipeline header services
• Firm storage service

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Natural Gas Storage Services: Provides seasonal storage needs and hub services for natural gas utilities through firm storage service agreements. Operates as regulated gas storage infrastructure within WEC Energy Group portfolio.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Bluewater Gas Storage operates underground natural gas storage facilities in St. Clair and Macomb counties, Michigan, using two depleted reservoirs with approximately 23 billion cubic feet of Firm Storage Service working gas capacity. The company provides seasonal storage services for 1.5 million natural gas customers of We Energies and Wisconsin Public Service, and operates a 30-mile, 20-inch diameter pipeline header system that connects three interstate and three intrastate natural gas pipelines to the major market hubs of Joliet, Illinois and Dawn, Ontario.

Product overview

Bluewater Gas Storage operates a natural gas storage facility providing seasonal storage services to utility customers. The company offers natural gas storage capacity and pipeline header services through a 30-mile pipeline system connecting to interstate and intrastate natural gas utility pipelines.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Storage Services Provides seasonal underground natural gas storage for the 1.5 million natural gas customers of We Energies and Wisconsin Public Service, using approximately 23 billion cubic feet of Firm Storage Service working gas capacity across two depleted reservoirs in St. Clair and Macomb counties, Michigan.
• Storage and Hub Services

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• WEC Energy GroupcoreStrategic or Co-development PartnerWholly-owned subsidiary of WEC Energy Group, a major investor-owned utility holding company. Bluewater Gas Storage operates as part of the WEC Energy Group portfolio of energy infrastructure assets, providing natural gas storage services to affiliated utility companies.

Scale indicators3 records

Recent moves2 records

Regional players

• DTE Gas Storage (DTE Energy): DTE Gas Storage operates underground natural gas storage assets serving Michigan customers, providing comparable seasonal storage services to LDCs and utilities in the same regional market with similar regulatory and infrastructure characteristics as Bluewater.
• Consumers Energy (CMS Energy): Consumers Energy operates natural gas storage facilities serving Michigan customers, including its own underground storage assets in the state, and is a comparable regulated utility-owned storage operator in the same regional market as Bluewater.

Direct peers

• ANR Pipeline Company (TC Energy): ANR Pipeline, owned by TC Energy, operates natural gas transmission and storage infrastructure across the Midwest including Michigan, with comparable pipeline interconnectivity and storage services serving utilities and LDCs in the same geographic footprint as Bluewater.
• Spire Storage West: Spire Storage West operates the Clearwater storage field and other underground natural gas storage assets in the Midwest region, providing seasonal storage and hub services to utilities and marketers with comparable depleted-reservoir and salt-cavern capacity offerings.

Broad incumbents

• Enbridge Gas Distribution:
• Kinder Morgan Natural Gas Storage: Kinder Morgan operates one of North America's largest natural gas storage portfolios through its Texas Gas Transmission and other assets, providing storage services at a national scale that overlaps with Bluewater's Midwest regional storage business model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/bluewater-gas-storage-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Bluewater Gas Storage, LLC