DOVER, Del., July 8, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) announced today that its Ohio subsidiary, Aspire Energy Express, LLC, has entered into an agreement with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in central Ohio to serve a new fuel-cell facility, which will provide on-site electric power to a data center.

As demand for distributed data infrastructure continues to rise, investments in data centers have accelerated. AEP is playing a leading role in supporting these developments by providing solutions to customers to meet their increasing power requirements.

Chesapeake Utilities operates multiple energy infrastructure subsidiaries throughout its footprint, enabling the transmission and distribution of natural gas to end-use residential, commercial and industrial customers. The new Aspire Energy Express transmission infrastructure represents a capital investment of approximately $10 million and is expected to deliver reliable natural gas to power on-site electricity generation to the new data center in the first half of 2027.

"This project is a clear example of how Chesapeake Utilities Corporation continues to execute on our growth strategy by leveraging our core capabilities — new business development, transmission project construction and customer-focused energy solutions," said Jeff Sylvester, senior vice president and chief operating officer of Chesapeake Utilities Corporation. "Through our work with AEP, we're deploying capital to deliver infrastructure needed to support energy demand in high-growth regions of Ohio."

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange (NYSE:CPK). Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. For more information, visit www.chpk.com.

About Aspire Energy Express

Founded in 2020, Aspire Energy Express, LLC (AEX), a wholly owned subsidiary of Chesapeake Utilities Corporation, is an intrastate pipeline company operating in Ohio. With the state's strong workforce, low business costs and abundant resources, AEX is committed to expanding natural gas infrastructure and investments to provide efficient, affordable and reliable energy statewide. Learn more at www.aspireenergyco.com.

Media Contact

Alexander Nye

Director, Strategic Communications

727.754.0136

ANye@chpk.com

Investor Contact

Lucia M. Dempsey

Head of Investor Relations

347.804.9067

ldempsey@chpk.com

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SOURCE Chesapeake Utilities Corporation

Chesapeake Utilities Corporation Expands Energy Infrastructure in Ohio to Support New Data Center