Fundz

Trinity Gas Storage, Llc Closes Financing With Transition Equity Partners

PRIVATEJan 04, 2023

Round Type

Venture

HoustonEnergyOil And Gas

Description

Trinity Gas Storage, LLC ("Trinity") has announced the closing of financing by Transition Equity Partners, LLC ("TEP") to advance the development of Trinity Gas Storage, a greenfield natural gas storage facility in East Texas. TEP's investment will provide Trinity with the capital required to finalize engineering, with the goal of reaching Notice to Proceed ("NTP") in the first quarter of 2023. Trinity Gas Storage will be the first greenfield gas storage facility to be constructed in Texas in over a decade. With an initial capacity of approximately 24 Bcf, the new gas storage facility will be instrumental in helping provide electrical reliability by balancing and supporting the ever-growing renewable energy supply in Texas, and in providing energy security and reliable gas service for the benefit of the residents, businesses, and industry in Texas

Quick answer

Trinity Gas Storage raised an undisclosed amount in a funding round, dated January 4, 2023. Trinity Gas Storage is based in Houston, Texas, United States.

How much did Trinity Gas Storage raise?
Trinity Gas Storage raised an undisclosed amount in a funding round on January 4, 2023.
What does Trinity Gas Storage do?
About Trinity Gas Storage, LLC Trinity Gas Storage, LLC is an independent development project in Anderson County, Texas with offices in Flower Mound, TX, and Houston, TX.
Where is Trinity Gas Storage based and how big is it?
Trinity Gas Storage is based in Houston, Texas, United States.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Trinity Gas Storage that raised within 45 days of this round, from Fundz verified event records.

  • QiO raised $10M (Funding Round) on February 16, 2023.
  • NovoHydrogen raised an undisclosed amount (Seed) on February 7, 2023.
  • BioSqueeze raised $9.4M on February 3, 2023.
  • NEXT Renewable Fuels, Inc. raised $950K on January 25, 2023.
  • FuelBuddy raised $20M (Funding Round) on January 23, 2023.
  • Petrosun raised $572K (Seed) on January 18, 2023.

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Company Information

Company

Trinity Gas Storage

Location

Houston, Texas, United States

About

About Trinity Gas Storage, LLC Trinity Gas Storage, LLC is an independent development project in Anderson County, Texas with offices in Flower Mound, TX, and Houston, TX. Trinity Gas Storage is comprised of two separate, but adjacent depleted natural gas reservoirs with a total working gas capacity to exceed 50 Bcf and uninterrupted delivery of natural gas in excess of 1.75 Bcf/day.For more information, visit www.trinitygasstorage.com, or contact:Trinity Gas Storage, LLCMatt HurleyChief Commercial Officer(713) 243-3592 mhurley@trinitygasstorage.com About Transition Equity Partners, LLC Transition Equity Partners ("TEP") is a private equity firm based in Chicago investing in companies that are facilitating the multi-decade process of transitioning to cleaner, more efficient and more reliable energy infrastructure. TEP is led by Pat Eilers, Michael Allison and Craig Payne, who have all deep expertise investing in world class development projects in the energy transition industry.For more information, visit www.transitionequity.com, or contact:Transition Equity Partners, LLCCraig PaynePartner and Chief Operating Officer cpayne@transitionequity.comSOURCE Trinity Gas Storage, LLC

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