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cubehydropartners.com

Founded Year

2014

Stage

Acquired | Acquired

Valuation

$0000 

About Cube Hydro Partners

Cube Hydro Partners invests in, develops, and modernizes hydroelectric facilities, and provides consulting services on project management, regulation, and development of hydroelectric power and other clean energy resources.

Cube Hydro Partners Headquarter Location

2 Bethesda Metro Center Suite 1330

Bethesda, Maryland, 20814,

United States

240-482-2700

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Cube Hydro Partners Patents

Cube Hydro Partners has filed 5 patents.

The 3 most popular patent topics include:

  • Aquatic ecology
  • Energy conversion
  • Embankment dams
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/5/2018

4/13/2021

Gravity dams, Aquatic ecology, Industrial gases, Embankment dams, Energy conversion

Grant

Application Date

6/5/2018

Grant Date

4/13/2021

Title

Related Topics

Gravity dams, Aquatic ecology, Industrial gases, Embankment dams, Energy conversion

Status

Grant

Latest Cube Hydro Partners News

OPG to acquire I Squared Capital’s Cube Hydro for US $1.12B

Jun 26, 2019

CPE Media News (6/25/2019) – Ontario Power Generation (OPG) has entered into an agreement to acquire Cube Hydro Partners LLC and its affiliate Helix Partners from I Squared Capital for an enterprise value of US $1,123 million. Cube Hydro and its affiliates own and operate 19 hydropower plants on ten rivers in five states with a combined capacity of 385 megawatts, generating 1.5 million megawatt-hours annually, or enough electricity to power approximately 147,000 homes with renewable energy. POG said the acquisition provides additional scale to its existing U.S. hydro platform and is expected to generate meaningful operational synergies between the two platforms, including enhanced opportunities for further capital deployment. Goldman Sachs & Co. LLC acted as a financial advisor to OPG on the acquisition. Bethesda, Maryland based Cube Hydro was formed in 2014 when Enduring Hydro entered into a partnership with I Squared Capital infrastructure fund, ISQ Global Infrastructure Fund I, to develop, acquire and operate a platform of small to mid-sized hydropower plants located in North America, primarily in the United States. photo credit: Cube Hydro Continues strategic growth with greater financial return for Ontarians TORONTO – Today, Ontario Power Generation (OPG) announced it has entered into an agreement to acquire Cube Hydro through its U.S. hydroelectric platform. Cube Hydro is an operator of small and medium-sized hydropower facilities based in the northeast and southeast United States. “OPG has significant hydroelectric expertise in Ontario and in the U.S., so acquiring this portfolio of diversified, high-quality, long-life assets represents a natural fit for us,” said OPG’s Ken Hartwick, President & CEO. “This is also an opportunity to grow our revenue base over the long term and provide increased returns to our Shareholder, the Province of Ontario.” The acquisition provides additional scale to OPG’s existing U.S. hydro platform and is expected to generate meaningful operational synergies between the two platforms, including enhanced opportunities for further capital deployment. This investment will be financed primarily through OPG’s corporate public debt program or other available credit facilities. Goldman Sachs & Co. LLC acted as a financial advisor to OPG on the acquisition. The transaction is subject to standard regulatory approvals. Once the acquisition is finalized, Cube Hydro will operate as part of the OPG’s U.S. hydroelectric platform. Key Facts on OPG’s acquisition of Cube Hydro: • Established in 2014, Cube Hydro operates 19 hydropower facilities, providing 385 MW of in-service capacity. • Facilities are located in New York, Pennsylvania, Virginia, West Virginia and North Carolina. • Environmental profile well-positioned for continued de-carbonization of the electricity industry • Enterprise value is $1,123 million USD, subject to customary working capital and other adjustments on closing. • Enhanced returns for Ontarians, providing stable cash flows for generations to come with no impact on electricity bills. OPG is one of the most diverse electricity generators in North America. It produces about half of the electricity Ontarians rely on every day, and its clean, safe, power costs an average of 40% less than other generators in Ontario. -30 – Ontario Power Generation

  • When was Cube Hydro Partners founded?

    Cube Hydro Partners was founded in 2014.

  • Where is Cube Hydro Partners's headquarters?

    Cube Hydro Partners's headquarters is located at 2 Bethesda Metro Center, Bethesda.

  • What is Cube Hydro Partners's latest funding round?

    Cube Hydro Partners's latest funding round is Acquired.

  • Who are the investors of Cube Hydro Partners?

    Investors of Cube Hydro Partners include Ontario Power Generation, I Squared Capital and Enduring Hydro.

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