Broad Reach Power | Pierpont drives announcement of PE-backed battery storage company

Broad Reach Power, a utility-scale storage independent power producer backed by leading energy investors EnCap Investments L.P. (EnCap) and Yorktown Partners, partnered with Pierpont to announce the company’s launch in September 2019.

The new company’s formation was significant for a number of reasons, as it sought to pursue opportunities where market fundamentals are driving demand for flexible, fast-responding generation and Broad Reach was the first non-oil and gas investment by leading energy private equity firms EnCap and Yorktown.