CE
CHESCO ENERGY
Enabling the Energy Transition
Meeting The Challenge
The United States is facing an unprecedented surge in electricity demand, driven by the rapid expansion of data centers supporting Artificial Intelligence, widespread electrification of vehicles and heating systems, as well as demand from new manufacturing industries. At the same time, the energy landscape is undergoing a major transition, with many thermal generation units retiring while new capacity additions are largely dominated by intermittent renewable resources such as solar and wind projects, as well as short-term storage solutions based on battery energy storage systems.
PJM Interconnection (PJM), one of the largest Regional Transmission Owners (RTO), provides an excellent case study. PJM predicts that 40 GW of its existing supply, largely thermal based generation, will retire by 2030. The PJM Long Term Growth Forecast expects loads to increase by over 55 GW by 2035. Finally, PJM’s reliability study assumes a major contribution from off shore wind projects in New Jersey, an uncertain resource given the current administration’s lack of support for these projects. Within just one RTO these factors combine to demonstrate a clear and substantial need for new generation resources.
Recognizing the urgent need for a balanced and reliable power grid, Chesco Energy was founded by industry veterans with deep expertise in both thermal and renewable energy project development. While renewables are an important component of a sustainable future, the evolving market dynamics underscore the essential role of hybrid power facilities – combining both battery technology and thermal generation to ensure grid reliability and support the smooth integration of renewables and meeting increasing electricity demand.
Natural Gas Solutions
Our team has extensive experience developing, acquiring, constructing and managing natural gas, dual fuel turbine fired generation. With experience as both independent power senior managers and project managers at leading A&E firms, our team has managed development and construction of multiple peaking and combined cycle facilities. Investors looking to tap into this exciting new growth opportunity can count on our expertise. Our team possesses the skills and knowledge to provide the support to navigate this new growth opportunity.
Solar Energy Solutions
Chesco Energy's senior managers have spent the past ten years developing a 1,000 MW portfolio of utility-scale and distributed solar energy facilities for customers and stakeholders in the Northeast and Mid-Atlantic regions. With several projects already constructed, the balance of the portfolio will begin construction within the next three years.
Solid Fuel, Biomass and Biogas Solutions
Few teams in the market match Chesco Energy’s diverse experience that encompasses the solid fuel, biomass and biogas markets.
Partnerships
Our team has a successful track record providing investors project management services that includes strategic assessment of markets, project development, engineering and positioning projects for successful, non-recourse financing and construction. We focus on understanding our partners unique vision and translating it into actionable plans. With a dedicated team, we ensure that every phase of the project is executed efficiently, meeting goals and timelines.
At Chesco Energy, we take a collaborative approach to development. We have begun a comprehensive development program focused primarily on new hybrid facilities. We are actively seeking partnerships with strategic and financial investors who share our vision of a resilient and diversified energy future.
Join us as we build the next generation of thermal energy solutions ensuring reliability, affordability, and sustainability for our evolving power sector.