Currently, Quantum Energy Partners is preparing to launch their newly developed company that will help develop power plants throughout the United States (Peters). Quantum Energy Partners is a leading provider in the global energy industry, and their new company should be just as influential. The new company will be named Quantum Utility Generation LLC, and QEP has gathered about one billion dollars through various resources to start the company (Peters). A considerable amount has been provided by investors signaling a strong belief that this company will thrive. The new company will be run by Larry Kellerman, former president of a power-plant generation subsidiary, and a team of other highly qualified professionals.
Within the next five years QUG should be making a significant impact in the oil industry and they will be getting a quick start by naming their first deal by the end of 2010. QUG is taking advantage of the opportunity to acquire failing energy companies because the prices for buying energy companies are currently very low due to a depressed market. However, the company is more focused on long-term supply needs and getting the energy market back in a better position (Peters). Kellerman believes the company will benefit from the need of new power supplies as coal companies continue to be shut down due to environmental regulations (Peters). This factor could ultimately lead to a huge shift in the energy market in our country.
http://online.wsj.com/article/SB10001424052748704129204575506000363635496.html?mod=WSJ_Energy_leftHeadlines
-Ashley Luddy
QUG seems like a very reliable company and growing at that. It is very interesting when mentioned that "QUG is taking advantage of the opportunity to acquire failing energy companies for buying different energy companies because they are currently in a depressed market". Just like many other growing energy companies, QUG seems to be relying on a "green" types of products. And they are relying on coal industries to shut down so they can thrive themselves.
ReplyDelete-Michael Sheinfeld