Signs Major Power Purchase after Capital Partnership with Orion Energy Partners
Katy, Texas: PPG Energy (“PPG”), a Python Holdings (“Python”) company represented by Piper Sandler has raised $75 million in debt in a capital partnership with Orion Energy Partners (“Orion”).
The fundraising allows PPG to make a major power purchase of three 30-megawatt gas turbines from U.S. Well Services.
“This purchase is another step to putting PPG at the leading edge of industrial power generation” said PPG Energy CEO Mitchell Bridgeforth. “Assets like these, combined with the industry knowledge of our team make PPG a major player in the power generation space.”
About PPG Energy: PPG knows industrial power generation. We apply our “boots on the ground” experience to help customers solve their critical power challenges. Customers trust PPG to navigate unit down situations and increase energy efficiency. They partner with us for mobilization. They call on our team to tackle the intricacies of instrumentation and control. And above all, they trust us to get them dependable power with speed and agility.
From fabrication to field support, PPG is a partner with staying power.
About Python Holdings, LLC: Python Holdings is an industry agnostic venture studio founded in Houston, Texas with a focus on investing in and co-creating powerful brands.
By leveraging its extraordinary team to build successful businesses, Python has developed a repeatable model that is unmatched in time to market, market growth and margin sustainability.