Conduit Power, Riley Exploration Permian Entered Into Definitive Agreements To Expand The Scope Of Their JV, RPC Power; Riley Permian Increased Its Ownership In RPC Power From 35% To 50% And Has Agreed To Sell Up To 10 MMcf/d Of Natural Gas To RPC Power As Feedstock Supply For The Generation Facilities
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Conduit Power and Riley Exploration Permian have expanded their joint venture, RPC Power, to build new power generation and storage assets for ERCOT. Riley Permian increased its ownership in RPC Power from 35% to 50% and will supply up to 10 MMcf/d of natural gas for the facilities.
May 21, 2024 | 8:13 pm
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Riley Exploration Permian has increased its ownership in RPC Power from 35% to 50% and will supply up to 10 MMcf/d of natural gas for the new power generation and storage facilities aimed at ERCOT.
The increased ownership and supply agreement position Riley Permian to benefit from the expanded scope of RPC Power, potentially boosting its revenue and market presence in the energy sector.
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