News provided by Frontier Carbon Solutions
May 29, 2025, 07:00 ET
Tailwater-backed company accelerates deployment of low-carbon, behind-the-meter energy projects and bolsters leadership team amid rising industrial power demand
DALLAS and NEW YORK, May 29, 2025 /PRNewswire/ — Frontier Infrastructure Holdings (“Frontier” or the “Company”), a leading developer of low-carbon infrastructure across the Mountain West and Texas, today announced a series of strategic developments that reinforce its leadership in scalable power generation. These include the acquisition of 270 megawatts (MW) of gas turbines for behind-the-meter (“BTM”) energy projects, the successful closing of a $130 million senior secured equipment supply loan to advance its power platform, and the appointment of veteran power executive Jonathan E. Long as a Board Advisor. Frontier is a portfolio company of Tailwater Capital LLC (“Tailwater”), a private equity firm with a full-immersion approach to energy and environmental infrastructure investing.
Technology Equipment Acquisition Strengthens Frontier’s Position in BTM Generation
Frontier has purchased 270 MW of advanced NovaLT™ gas turbines from Baker Hughes, a key step in launching its first wave of BTM generation sites in Wyoming and Texas. This milestone builds on the companies’ broader partnership announced in March 2025, which is focused on enabling large-scale power and carbon capture for energy-intensive operations.
Driven by surging electricity needs across sectors like data infrastructure and industrial processing, Frontier’s BTM model offers localized, dispatchable power with integrated carbon solutions. The newly acquired turbines will be fast-tracked for deployment to meet this growing demand.
“We’re seeing a rapid shift in how major power users think about reliability and emissions,” said Robby Rockey, President & Co-Chief Executive Officer of Frontier. “With our scalable BTM solutions and the backing of trusted technology from Baker Hughes, Frontier is well-positioned to deliver resilient infrastructure that aligns with the performance and sustainability goals of today’s largest energy consumers.”
$130 Million Senior Secured Equipment Supply Loan to Advance Power Platform
To support this turbine acquisition and accelerate development of its power platform, Frontier closed a $130 million senior secured equipment supply loan with Kennedy Lewis Investment Management LLC (“Kennedy Lewis”), acting as Sole Lead Arranger. Combined with equity investment, the loan will fund near-term procurement of power generation equipment.
“Kennedy Lewis’ investment in Frontier represents a pivotal step in scaling our power generation platform and positions us to build incumbency in the BTM space” said Steven Lowenthal, Co-Chief Executive Officer of Frontier. “We are grateful to Kennedy Lewis and our advisors at PEI and Davis Polk for ensuring a quick and seamless transaction.”
PEI Global Partners (“PEI”) served as Sole Financial Advisor to Frontier, with a deal team led by Sky Fabian and Karsten Schmitz. Davis Polk & Wardwell LLP acted as Borrower’s Counsel, while Akin Gump Strauss Hauer & Feld LLP represented the Lender.
Jonathan E. Long Joins Frontier as Strategic Board Advisor
To support its continued growth and infrastructure development, Frontier has appointed Jonathan E. Long as a Board Advisor. Long brings more than three decades of experience in power generation and infrastructure, most recently serving as Vice President of Power Development at Entergy. He will advise Frontier as it scales its BTM and CCS platforms to serve energy-intensive customers.
“We are excited to welcome Jon to the Frontier team,” said Stephen Lipscomb, Partner at Tailwater Capital. “His deep industry knowledge and leadership in large-scale energy projects will be instrumental in advancing our mission to provide reliable, low-carbon energy solutions to high-demand sectors.”
About Frontier
Frontier Infrastructure Holdings, LLC is a leading developer of low-carbon infrastructure solutions across the Mountain West and Texas, specializing in integrated power generation and carbon capture and storage projects. The company is at the forefront of industrial decarbonization, providing scalable, permanent carbon storage and behind-the-meter power solutions to support growing regional energy demand. For more information, please visit www.frontierccus.com.
About Kennedy Lewis
Kennedy Lewis is an alternative credit manager founded in 2017 by David K. Chene and Darren L. Richman with $28 billion under management across private funds, a business development company, and collateralized loan obligations. The firm seeks to deliver attractive risk adjusted returns for clients by investing across the credit markets through its opportunistic credit, homebuilder finance, core lending and broadly syndicated loan strategies. Visit us at klimllc.com.
About Tailwater Capital
Dallas-based Tailwater Capital is an energy and environmental infrastructure private equity firm with a well-established track record of working constructively with proven management teams to deliver value-added solutions. Tailwater has raised more than $5 billion in committed capital since inception and the team has executed more than 235 transactions representing over $26 billion in value. For more information, please visit tailwatercapital.com.
About PEI
PEI Global Partners Holdings LLC is an independent, closely held investment bank with offices in New York City, Tampa and Hong Kong, specializing in the power, energy, and infrastructure sectors. PEI advises financial sponsors, developers and corporate clients on mergers and acquisitions, divestitures, financings, private placements, and other strategic transactions. For more information on PEI, please visit www.peigp.com.
Frontier Media Relations
Jill McMillan
Managing Director, Communications & Public Affairs
+1 214-489-7047
[email protected]
John Schaufele
Managing Director, Investor Relations & Fundraising
Phone: 214-489-7043
Email: [email protected]
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