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OIC Partners With MidCentral to Launch PowerStream Dynamics

Oct 15, 2024•over 1 year ago

Contract Type

partnership

EnergyRenewable EnergyWireless

Description

OIC has closed a $75 million capital partnership with MidCentral to support the launch of PowerStream Dynamics (PSD), which focuses on providing mobile power and microgrid solutions. The funding will support the acquisition of up to an initial 100 megawatts of mobile natural gas fired power generation to operate in areas with constrained grid power to optimize uptime and drive economic and emissions savings for customers.

Company Information

Company

MidCentral

About

MidCentral is a company that focuses on distributed power generation and microgrid solutions. It has recently launched PowerStream Dynamics (PSD) to provide mobile power and microgrid solutions in areas with constrained grid power.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months