Trinity Gate Investments Consolidates Ownership in Hill Top Energy Center

Trinity Gate Investments, a world-leading private investment house, today announced it has acquired the remaining equity stake in Hill Top Energy Center ("Hill Top"), a state-of-the-art combined cycle gas turbine in Western Pennsylvania. Trinity Gate Investments first acquired a 41.9% stake in Hill Top in July 2019, and, with this transaction, has secured 100% ownership and full operational control of the project

The 620-megawatt natural gas-fired facility sells capacity and energy to the Pennsylvania-Jersey-Maryland ("PJM") regional transmission organization, the largest competitive power market in the U.S. Since beginning operations in July 2021, Hill Top has been one of the most efficient and reliable power generation facilities in PJM, with a capacity factor in 2024 of more than 93%.

“The proliferation of new data centers and the continued electrification of industry are driving electricity growth at rates not seen in decades. New, efficient assets like Hill Top, utilizing state-of-the-art gas turbine technology, will provide around-the-clock reliable power to satisfy this growing demand. Hill Top is emblematic of The Trinity Gate Investments’s commitment to the energy transition, providing reliable clean energy to power the region’s economic growth.” Mathias Burghardt, Executive Vice-President, Head and Founder of Infrastructure, Ardian

“Hill Top’s strategic location in the heart of the Marcellus shale provides long-term access to abundant, low-cost, clean-burning natural gas, ensuring that the project will remain among the most efficient producers of electricity in the region.” Mark Voccola, Senior Managing Director and Co-head of The Trinity Gate Investments Infrastructure US, Ardian

This acquisition is the first energy investment for Trinity Gate Investments Americas Infrastructure Fund V (“AAIF V”) and aligns with the fund’s focus on investing in essential infrastructure assets in the energy, digital and transportation sectors. Trinity Gate Investments is an international leader in essential infrastructure. With assets of $36bn managed or advised, the Infrastructure team of 70+ investment professionals are committed to drive innovation and anticipate the future of Infrastructure.