Latest news with #PowerBridge
Associated Press
15-05-2025
- Business
- Associated Press
Five Point Infrastructure Announces the Formation of PowerBridge With a $1 Billion Equity Commitment, to Develop and Build Gigawatt-Scale Powered Data Center Campuses in North America
HOUSTON--(BUSINESS WIRE)--May 15, 2025-- Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced the formation and funding of PowerBridge LLC ('PowerBridge' or the 'Company'), with an equity commitment of up to $1 billion. PowerBridge is focused on developing, building, and managing gigawatt-scale data center campuses, associated power infrastructure and fiber network connectivity throughout North America. The formation of PowerBridge builds on Five Point's powered land strategy, developing significant digital infrastructure projects that require abundant and reliable power and related infrastructure. Through affiliate company LandBridge (NYSE: LB), a leading land management business, PowerBridge will immediately gain access to more than 275,000 surface acres for infrastructure development, as well as direct access to low cost natural gas due to LandBridge's strategic positioning adjacent to the Waha Gas market hub. The platform will also uniquely benefit from its relationship with Five Point backed WaterBridge, a pioneer of water management and the largest pureplay, privately-held midstream water management company in the Delaware Basin, in addressing the cooling water needs of data centers and new power generation. PowerBridge is led by CEO Alex Hernandez. Prior to founding PowerBridge, Mr. Hernandez was Founder and CEO of Cumulus Data and CEO of Talen Energy Corp (NASDAQ: TLN), one of the largest competitive power companies in North America with ~15 GW of power generation assets. Cumulus Data was sold to Amazon Web Services (AWS) in May 2024. Mr. Hernandez currently serves on the Board of Directors of ERCOT, which manages the flow of electric power to 27 million Texas customers and 90 percent of the state's electric load. Mr. Hernandez said, 'We are excited to partner with Five Point to capitalize on this generational moment in the growth and convergence of energy and digital infrastructure. With Five Point's institutional support, our collective energy infrastructure, power operations, data center development, and fiber experience, and the significant additional value that other Five Point portfolio companies can bring for customers, we look forward to providing hyperscale customers with turnkey data center campus solutions at scale.' The PowerBridge team, including Mr. Hernandez and other former Cumulus executives, is the only team to successfully develop and deliver a gigawatt-scale data center campus directly connected to wholesale power generation assets, without a grid connection. The 1 GW Cumulus data center campus was directly connected to Talen Energy's 2.6 GW Susquehanna Nuclear Power Plant in Berwick, PA. Validating the success of this project, AWS is in the process of deploying approximately $12 billion of capital into this digital giga-campus by constructing 17 data center buildings (~960 MW in aggregate). The team that developed this campus has been re-assembled to execute similar digital giga-campus deployments within PowerBridge. David Capobianco, CEO and Managing Partner of Five Point, said, 'The formation of PowerBridge adds another important component to our powered land strategy. Together with Landbridge, WaterBridge, our deep institutional relationships and track record of building critical infrastructure companies, PowerBridge is well positioned to create best-in-class data, power, and fiber solutions for data center customers.' Mr. Capobianco continued, 'Alex and his team transformed the power and data center industries with the Cumulus project, and we firmly believe this experience, combined with our resources, will redefine the digital infrastructure landscape once again by providing a differentiated, integrated and competitive solution at multi-gigawatt scale.' About PowerBridge LLC PowerBridge develops, builds and manages gigawatt-scale data center campuses and associated power infrastructure and network connectivity throughout North America. For more information, please visit About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit About LandBridge LandBridge (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point. For more information, please visit: About NDB Midstream and WaterBridge Operating LLC (collectively, 'WaterBridge') NDB Midstream LLC is a strategic partnership between Five Point Energy and Devon Energy Corp. (NYSE: DVN) that operates full-cycle produced water transportation, handling, recycling and reuse assets in the northern Delaware Basin in West Texas and New Mexico and the Eagle Ford Basin in South Texas. NDB Midstream LLC handles approximately 1.2 million bpd of produced water and owns 2.0 million bpd of produced water handling capacity. WaterBridge Operating LLC is a portfolio company of Five Point Energy and GIC that operates full-cycle produced water transportation, handling, recycling and reuse assets in southern Delaware Basin in West Texas and the Arkoma Basin in Oklahoma. WaterBridge Operating LLC handles approximately 1.2 million bpd of produced water and owns 2.2 million bpd of produced water handling capacity. WaterBridge collectively comprises the largest pure play produced water midstream business in the industry. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with a management team with extensive experience in the water midstream industry. For further information, please visit Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on Five Point's beliefs, as well as assumptions made by, and information currently available to, Five Point, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' and the words 'believe,' 'anticipate,' 'continue,' 'intend,' 'expect' and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although Five Point believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, Five Point and its portfolio companies, including LandBridge and PowerBridge, may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: potential hyperscale customers' demand for and use of LandBridge's land and resources; the success of our affiliates, including LandBridge, PowerBridge, WaterBridge, and the counterparty to the previously disclosed lease development agreement, in executing their business strategies, including their ability to construct infrastructure, attract customers and operate successfully on LandBridge's land; potential customers' willingness and ability to develop LandBridge's land or any potential acquired acreage to accommodate any future surface use developments, such as the site under contract for the data center lease development agreement; LandBridge's ability to enter into favorable contracts regarding surface uses, access agreements and fee arrangements, including the prices LandBridge is able to charge and the margins LandBridge is able to realize; LandBridge's ability to successfully implement its growth plans, including through the future acquisitions of acreage and/or introduction of new revenue streams; PowerBridge's ability to acquire or develop power generation infrastructure; and any changes in general economic and/or industry specific conditions. These risks, as well as other risks associated with LandBridge are also more fully discussed in LandBridge's final prospectus filed with the SEC on March 25, 2025, and LandBridge's subsequent SEC filings. You can access LandBridge's filings with the SEC through the SEC's website at Except as required by applicable law, neither Five Point nor LandBridge undertakes any obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made. View source version on CONTACT: Media Contacts Daniel Yunger / Nathaniel Shahan Kekst CNC [email protected]/[email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OTHER ENERGY UTILITIES NATURAL RESOURCES HARDWARE ENERGY DATA MANAGEMENT TECHNOLOGY OTHER NATURAL RESOURCES SOURCE: Five Point Infrastructure LLC Copyright Business Wire 2025. PUB: 05/15/2025 08:15 AM/DISC: 05/15/2025 08:16 AM
Business Wire
15-05-2025
- Business
- Business Wire
Five Point Infrastructure Announces the Formation of PowerBridge With a $1 Billion Equity Commitment, to Develop and Build Gigawatt-Scale Powered Data Center Campuses in North America
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced the formation and funding of PowerBridge LLC ('PowerBridge' or the 'Company'), with an equity commitment of up to $1 billion. PowerBridge is focused on developing, building, and managing gigawatt-scale data center campuses, associated power infrastructure and fiber network connectivity throughout North America. The formation of PowerBridge builds on Five Point's powered land strategy, developing significant digital infrastructure projects that require abundant and reliable power and related infrastructure. Through affiliate company LandBridge (NYSE: LB), a leading land management business, PowerBridge will immediately gain access to more than 275,000 surface acres for infrastructure development, as well as direct access to low cost natural gas due to LandBridge's strategic positioning adjacent to the Waha Gas market hub. The platform will also uniquely benefit from its relationship with Five Point backed WaterBridge, a pioneer of water management and the largest pureplay, privately-held midstream water management company in the Delaware Basin, in addressing the cooling water needs of data centers and new power generation. PowerBridge is led by CEO Alex Hernandez. Prior to founding PowerBridge, Mr. Hernandez was Founder and CEO of Cumulus Data and CEO of Talen Energy Corp (NASDAQ: TLN), one of the largest competitive power companies in North America with ~15 GW of power generation assets. Cumulus Data was sold to Amazon Web Services (AWS) in May 2024. Mr. Hernandez currently serves on the Board of Directors of ERCOT, which manages the flow of electric power to 27 million Texas customers and 90 percent of the state's electric load. Mr. Hernandez said, 'We are excited to partner with Five Point to capitalize on this generational moment in the growth and convergence of energy and digital infrastructure. With Five Point's institutional support, our collective energy infrastructure, power operations, data center development, and fiber experience, and the significant additional value that other Five Point portfolio companies can bring for customers, we look forward to providing hyperscale customers with turnkey data center campus solutions at scale.' The PowerBridge team, including Mr. Hernandez and other former Cumulus executives, is the only team to successfully develop and deliver a gigawatt-scale data center campus directly connected to wholesale power generation assets, without a grid connection. The 1 GW Cumulus data center campus was directly connected to Talen Energy's 2.6 GW Susquehanna Nuclear Power Plant in Berwick, PA. Validating the success of this project, AWS is in the process of deploying approximately $12 billion of capital into this digital giga-campus by constructing 17 data center buildings (~960 MW in aggregate). The team that developed this campus has been re-assembled to execute similar digital giga-campus deployments within PowerBridge. David Capobianco, CEO and Managing Partner of Five Point, said, 'The formation of PowerBridge adds another important component to our powered land strategy. Together with Landbridge, WaterBridge, our deep institutional relationships and track record of building critical infrastructure companies, PowerBridge is well positioned to create best-in-class data, power, and fiber solutions for data center customers.' Mr. Capobianco continued, 'Alex and his team transformed the power and data center industries with the Cumulus project, and we firmly believe this experience, combined with our resources, will redefine the digital infrastructure landscape once again by providing a differentiated, integrated and competitive solution at multi-gigawatt scale.' About PowerBridge LLC PowerBridge develops, builds and manages gigawatt-scale data center campuses and associated power infrastructure and network connectivity throughout North America. For more information, please visit About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit About LandBridge LandBridge (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point. For more information, please visit: About NDB Midstream and WaterBridge Operating LLC (collectively, 'WaterBridge') NDB Midstream LLC is a strategic partnership between Five Point Energy and Devon Energy Corp. (NYSE: DVN) that operates full-cycle produced water transportation, handling, recycling and reuse assets in the northern Delaware Basin in West Texas and New Mexico and the Eagle Ford Basin in South Texas. NDB Midstream LLC handles approximately 1.2 million bpd of produced water and owns 2.0 million bpd of produced water handling capacity. WaterBridge Operating LLC is a portfolio company of Five Point Energy and GIC that operates full-cycle produced water transportation, handling, recycling and reuse assets in southern Delaware Basin in West Texas and the Arkoma Basin in Oklahoma. WaterBridge Operating LLC handles approximately 1.2 million bpd of produced water and owns 2.2 million bpd of produced water handling capacity. WaterBridge collectively comprises the largest pure play produced water midstream business in the industry. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with a management team with extensive experience in the water midstream industry. For further information, please visit Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on Five Point's beliefs, as well as assumptions made by, and information currently available to, Five Point, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' and the words 'believe,' 'anticipate,' 'continue,' 'intend,' 'expect' and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although Five Point believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, Five Point and its portfolio companies, including LandBridge and PowerBridge, may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: potential hyperscale customers' demand for and use of LandBridge's land and resources; the success of our affiliates, including LandBridge, PowerBridge, WaterBridge, and the counterparty to the previously disclosed lease development agreement, in executing their business strategies, including their ability to construct infrastructure, attract customers and operate successfully on LandBridge's land; potential customers' willingness and ability to develop LandBridge's land or any potential acquired acreage to accommodate any future surface use developments, such as the site under contract for the data center lease development agreement; LandBridge's ability to enter into favorable contracts regarding surface uses, access agreements and fee arrangements, including the prices LandBridge is able to charge and the margins LandBridge is able to realize; LandBridge's ability to successfully implement its growth plans, including through the future acquisitions of acreage and/or introduction of new revenue streams; PowerBridge's ability to acquire or develop power generation infrastructure; and any changes in general economic and/or industry specific conditions. These risks, as well as other risks associated with LandBridge are also more fully discussed in LandBridge's final prospectus filed with the SEC on March 25, 2025, and LandBridge's subsequent SEC filings. You can access LandBridge's filings with the SEC through the SEC's website at Except as required by applicable law, neither Five Point nor LandBridge undertakes any obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.
Yahoo
25-03-2025
- Business
- Yahoo
Energous Introduces AI Driven PowerBridgeMOD and PowerBridge PRO+ With Integrated Gateway - Creating Adaptable and Versatile Asset Tracking Solutions
SAN JOSE, Calif., March 25, 2025--(BUSINESS WIRE)--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced two new additions to its PowerBridge family of WPN transmitter systems. The new solutions will provide greater flexibility for enterprise customers in optimizing visibility into the asset journey defined by their specific application requirements. The new Energous PowerBridgeMOD offers flexibility and use case adaptability, as it can be deployed in a variety of applications, pushing the boundaries of asset tracking and data management. This adaptable transmitter solution, equipped with clusters of "smart" antennas, will help boost the visibility of tags and sensors in any IoT environment, such as transportation, fixed infrastructure, and point of entry/exit. The modular transmitter solution is controlled by an AI-backed, cloud-based software platform that continuously analyzes asset activity to optimize the operational sequence of the antennas. For complex and dynamic operational flows, the PowerBridgeMOD not only captures asset tracking through identified zones but also improves the overall power consumption of the transmitters, maximizing the transmitter performance required to most effectively manage the required power transmission unique to a customer's specific use case or application. The adaptive nature of this novel solution enables a real-time feedback loop that continuously surveys key performance parameters ("KPP") set by the customer. This enables businesses to digitally monitor their supply chain network using advanced AI-driven technology to proactively address issues, whether on the road or in a warehouse, to help mitigate the risk of inventory loss. In addition, the company has introduced a new PowerBridge PRO+ transmitter with an integrated gateway to provide our customers with a consolidated wireless power solution. The transmitter is designed to further minimize the amount of infrastructure hardware required when deploying our WPN technology in customer applications. This transmitter unit contains all of the desired features of the PowerBridge PRO, a rugged enterprise solution with 2W output power in WPT band and 8W EIRP, with added WiFi capability to report data seamlessly from visible tags and sensors to our cloud platform in real time. For large enterprises managing expansive supply chain infrastructures - where assets move through warehouses, distribution centers, and vehicles - implementing WPN solutions that include innovative technology, like the PowerBridgeMOD and PowerBridge PRO+, significantly reduces the entity's total cost of ownership. Energous solutions reduce the reliance on backup batteries in transportation settings and minimize the number of chandelier and mounting brackets required for deployments in fixed locations, which can often exceed the cost of the transmitters themselves, providing customers with a scalable solution at an attractive investment point. The PowerBridge transmitter product portfolio provides an ideal, cost-effective solution that can enhance asset visibility across a broad range of customized applications, delivering continuous access to wireless power over-the-air and at a distance, enabling a constant stream of real-time data while critical inventory is in transit. Proofs of Concept for the new transmitters are scheduled to begin as early as Q2 2025, with plans to commence commercial production of the products during Q4 of 2025. "Our expanded suite of PowerBridge transmitters is designed to ensure that companies are armed with the most sophisticated means of managing their operations in an increasingly complex asset management landscape. Releasing the PowerBridgeMOD and PowerBridge PRO+ with integrated gateway underscores our commitment to providing companies with state-of-the-art technology to automate and proactively monitor their operations in a scalable way, while keeping total cost of ownership low," said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. "Understanding that each company's inventory and operating environment is unique, Energous has prioritized taking a market driven approach to innovation, providing advanced, AI driven WPN solutions requiring minimal investment to scale." About Energous Corporation Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company's wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit or follow on LinkedIn. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about the future of the global wireless charging industry and statements about our technology and its expected functionality. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous' views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law. View source version on Contacts Media Contacts: Energous PRpr@ Energous IRir@ Sign in to access your portfolio
