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Alternative Assets  + Real Assets  |  January 17, 2024
ArcLight Launches New Unit to Manage Power Infra Assets
By: Joe Palmisano

ArcLight Launches New Unit to Manage Power Infra Assets 

Infrastructure investor ArcLight Capital Partners has formed a new business, Alpha Generation (AlphaGen), to manage its 13,000-megawatt power infrastructure portfolio, worth nearly $2 billion in annual revenue. 

AlphaGen will be in charge of the power infrastructure assets and portfolio of ArcLight’s funds’ strategic, commercial, and operational activities. It is one of the largest in the country and provides critical supply to key demand centers such as New York, New Jersey, and Connecticut. 

“ArcLight is excited to announce this strategic partnership as part of our continued value-added investment approach and strategy, which invests across the electrification infrastructure value chain including renewables, battery storage, and other transition infrastructure, said Angelo Acconcia, partner at ArcLight. 

Curt Morgan, who is currently a senior advisor to ArcLight, has been named CEO and chairman of AlphaGen, effective May 1. He previously served as CEO of integrated retail electricity and power generation company Vistra.  

Mark Sudbey will be interim CEO until Morgan takes over. Sudbey is the current CEO of Generation Bridge and previous CEO of Eastern Generation, both of which are ArcLight portfolio companies. 

Boston-based ArcLight recently acquired Duke Energy’s commercial distributed generation portfolio, which includes REC Solar’s operating assets, development pipeline, and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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