Solaris Energy Infrastructure Announces 900 MW Capacity Expansion and Closes New Growth Capital Financing
Solaris Energy Infrastructure, Inc. (NYSE:SEI) ("Solaris" or the "Company"), today announced it has closed two transactions which will add approximately 900 MW of new, natural gas-fueled turbine capacity between 2026 and 2029. The Company will now operate approximately 3,100 MW of total power generation capacity by the end of 2029. The Company has also closed a new $300 million credit facility to support ongoing growth.
Summary of Transactions
- Acquisition of Genco Power Solutions. On March 16, 2026, Solaris closed on the acquisition of Genco Power Solutions, a distributed power generation company that will add 400 MW of incremental power generation capacity to Solaris between 2026 and 2028, inclusive of approximately 100 MW of currently operated and contracted capacity.
- Purchase of Turbine Delivery Slots. On March 13, 2026, Solaris purchased 30 turbine delivery slots from a private party which will provide approximately 500 MW of incremental power generation capacity between early 2027 and 2029.
- Consideration for Both Transactions. At closing, Solaris paid approximately $240 million of cash, issued approximately 4 million Solaris Class A shares (valued at approximately $215 million), and assumed approximately $165 million of indebtedness. Over the next three and a half years, Solaris expects additional payments of approximately $935 million, primarily for capital expenditure progress payments to equipment manufacturers for generation and emissions control equipment.
- New and Future Growth Financing. The Company has closed and received proceeds from a new $300 million credit facility provided by Goldman Sachs & Co and Santander. The Company is evaluating additional financing or refinancing options through the credit markets in support of a more permanent capital structure.
Management Commentary
"The Solaris team's ability to identify and secure this level of high-quality power generation capacity underscores the strength and agility of our organization. The additional scale and phased delivery of this new capacity provides immediate value to customers by delivering near-term generation that is currently unavailable from traditional supply chain channels, which accelerates time-to-power and enables our customers to quickly ramp their operations," Bill Zartler, Chairman and Co-Chief Executive Officer, and Amanda Brock, Co-Chief Executive Officer, jointly commented. "We are excited to deploy this additional capacity to serve both existing partners and new customers, further establishing Solaris as a trusted leader in this dynamic, high-growth market. As we recently said on our earnings call, demand for our power generation solutions continues to outpace our committed and on-order capacity, which remains the case."
Solaris' Chief Financial Officer, Stephan Tompsett added, "The successful completion of this recent financing transaction provides Solaris with substantial liquidity to support our near-term cash requirements and ongoing operations as we implement a more permanent capital structure. This additional runway allows our team to focus on executing our strategic priorities while we explore other credit and capital markets options."
About Solaris Energy Infrastructure, Inc.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) delivers power generation and distribution solutions, and logistics equipment and services, serving clients in the data center, energy, and other commercial and industrial sectors. Additional information is available on our website, solaris-energy.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, our business strategy, our acquisitions, our financing plans, our industry, our future profitability, long-term contracts, and our future business, financial performance and results of operations. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to the factors discussed or referenced in our filings made from time to time with the SEC, including the other risks discussed in Part I, Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities Exchange Commission (the "SEC") on February 27, 2026. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
[email protected]