News

07.14.22 Newlight and Long Ridge Sign Agreement to Build Aircarbon Production Facility in Ohio Newlight Technologies, Inc. ("Newlight") and Long Ridge Energy Terminal ("Long Ridge"), which is jointly owned by a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NASDAQ: FTAI) and an affiliate managed by GCM Grosvenor (NASDAQ: GCMG), today announced that the parties and their related entities have entered into various agreements providing for the construction and operation of a new facility in Ohio, Aircarbon-Ohio, to produce Aircarbon, a naturally-occurring molecule called PHB that replaces plastic but is carbon-negative and biologically degrades in natural environments.
04.25.22 Utica Gas Power Plant on Ohio River Uses Hydrogen in World First A world-first happened along the banks of the Ohio River in Hannibal (Monroe County), OH in March. The Long Ridge Energy Terminal, host to a Utica shale gas-fired power plant that went online last November, successfully added a 5% mixture of hydrogen to the natural gas it burns in March. The plant is now using and continuing to experiment with up to 20% hydrogen as part of the mix it burns through next year. Eventually, the plant’s owners plan to burn 100% hydrogen, crowding out Utica Shale gas (a shame).
04.25.22 Cleaner Future in Sight: Long Ridge Energy Terminal in Monroe County Begins Blending Hydrogen Long Ridge Energy Terminal in Hannibal is taking the initial step toward providing cleaner power to the region with the first power plant in the United States to burn fuel partially composed of hydrogen.
04.23.22 Hydrogen blend plant demo held in Hannibal HANNIBAL — Long Ridge Energy Terminal is taking the initial step toward providing cleaner power to the region with the first power plant in the United States to burn fuel partially composed of hydrogen.
04.23.22 Hydrogen blend plant demo held in Hannibal HANNIBAL — Long Ridge Energy Terminal is taking the initial step toward providing cleaner power to the region with the first power plant in the United States to burn fuel partially composed of hydrogen.
04.22.22 Long Ridge Energy in Monroe County is celebrated for its game-changing energy production It was a dark day in 2013, when Ormet filed for bankruptcy and 1500 workers lost their jobs. Now, a new industry on that same property in Hannibal was celebrated, and it was no coincidence that it happened on Earth Day.
04.22.22 Long Ridge Energy Terminal and GE Commission & Demonstrate First Advanced Class Hydrogen-Burning Power Plant Worldwide Using GE HA Gas Turbine HANNIBAL, OH --GE (NYSE: GE) and Long Ridge Energy Terminal ("Long Ridge"), a subsidiary unit of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) and an affiliate managed by GCM Grosvenor (NASDAQ: GCMG), announced a successful first step to transition Long Ridge's power plant toward carbon-free hydrogen: following the start of commercial operation achieved in October 2021, the plant conducted a successful demonstration using a hydrogen-blended fuel in GE's HA gas turbine at Long Ridge's 485 MW combined-cycle power plant located in Hannibal, Ohio. The hydrogen blending test was completed on March 30, 2022 at the facility using hydrogen produced as by-product from a nearby industrial facility.
10.13.20 Long Ridge Energy Terminal Partners with New Fortress Energy and GE to Transition Power Plant to Zero-Carbon Hydrogen HANNIBAL, Ohio, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Long Ridge Energy Terminal (“Long Ridge”), located in Hannibal, Ohio, announced plans to transition its 485 MW combined-cycle power plant to run on carbon-free hydrogen.
01.29.20 Long Ridge Energy Terminal to Develop 300+ Megawatt Data Center Campus HANNIBAL, OH (PRWEB) January 29, 2020 -- Long Ridge Energy Terminal, located on 1,600 acres in Hannibal, Ohio announced today its plans to develop a 125-acre data center campus in conjunction with its on-site 485 MW combined cycle power plant currently under construction.
12.23.19 GCM Grosvenor Announces Agreement to Acquire 49.9% Equity Interest in Long Ridge Energy Terminal from Fortress Transportation and Infrastructure Investors CHICAGO, Dec. 23, 2019 /PRNewswire/ -- GCM Grosvenor (GCM), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire a 49.9% equity interest in the Long Ridge Energy Terminal ("Long Ridge" or "the terminal") from Fortress Transportation and Infrastructure Investors (NYSE: FTAI) for $150 million in cash plus an earn-out.