FGE Power and Fortistar Announce Strategic Energy Investment Partnership

FGE Power, innovative developers of large-scale renewable and clean
energy projects, and Fortistar, LLC, an investor in
sustainability-focused and innovative energy sources helping facilitate
the transition to a low-carbon economy, today announced a strategic
partnership in which Fortistar will invest in FGE Power late-stage
projects and future development efforts. FGE Power and Fortistar are
currently in active discussions with tax-equity investors for their
500MW FGE Goodnight wind project.

FGE Power was founded with a principal focus on developing large-scale
wind, solar, natural gas and battery storage projects with a focus on
economic, social and environmental returns. A pioneer in the evolving
industries of clean, renewable energy and sustainable infrastructure,
FGE Power has a portfolio of fully permitted, late-stage power
generation projects in the United States, with a combined generation
capacity of over 5,000MW.

“We are excited and honored to announce our strategic partnership with
Fortistar, a globally-recognized and market-leading energy
infrastructure investor who shares our goal of creating renewable and
clean power generation resources,” said Emerson G. Farrell, CEO and
President, FGE Power.

Fortistar has built, invested in and managed a portfolio of successful
sustainable and clean energy generation projects in the U.S. and Canada
for more than 40 years. The company’s demonstrated ability to forge
strong relationships with investors, customers and local communities has
been a hallmark of Fortistar’s success.

“FGE Power is developing several advantageously located projects in the
rapidly tightening Texas market. Our strategic investments in FGE
Power’s projects expands Fortistar’s investment portfolio to include
development stage assets and allows us to bring our market expertise to
bear on their behalf,” said Mark Comora, President, Fortistar. “Working
with the strong management team at FGE Power, we will help bring online
a string of profitable renewable energy projects.”

ABOUT FGE POWER

Headquartered in Houston, Texas, FGE Power is an energy and
infrastructure company focused on developing clean, innovative, and
sustainable utility-scale power generation solutions, including wind,
solar, natural gas and battery storage assets. FGE’s Triple Bottom Line
approach seeks to maximize economic, social, and environmental returns
while meeting the demand for reliable energy today and in the future.

For more information, www.fgepower.com.

ABOUT FORTISTAR

Headquartered in White Plains, New York, Fortistar is an
opportunity-oriented, private investment and energy asset management
firm focused on lower carbon energy generation and is distinguished by
its experienced team with a deep understanding of energy operations,
financing and development. Fortistar owns and operates lower carbon
energy generating companies in the United States and Canada that support
the transition to a low carbon economy. These companies include
cogeneration facilities; waste-heat recovery power plants; compressed
natural gas fueling stations; landfill power plants; projects that
reduce carbon in industrial facilities, and biomass facilities. Our
portfolio of companies include NY Cogeneration, TruStar, Primary Energy,
Fortistar Methane Group, Fortistar Biomass Group, Carbonfree Chemicals,
and ClockIN.

For more information, visit: www.fortistar.com.

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