Fortistar
Founded in 1974 as an affiliate of one of the largest worldwide insurance companies, with its headquarters in the United Kingdom, Fortistar began investing in the independent power industry in 1986. Shortly thereafter Fortistar successfully completed development of the Lockport Project, a 225 MW gas-fired cogeneration plant in Lockport, New York and the Honey Lake Project, a 30 MW biomass- fired project located in Lassen County, California. Fortistar completed, for itself and others, the acquisition of project ownership interests in approximately twenty-five transactions with an aggregate investment of $600 million and a total project cost of $4 billion. Fortistar has also developed several innovative investment programs. Fortistar became private in October 1993 and began focusing on owning independent power projects. Since then, we continue to build long term, win-win relationships, work with our partners, local communities and stakeholders.
Company details
Find locations served, office locations
- Business Type:
- Service provider
- Industry Type:
- Power Distribution
- Market Focus:
- Globally (various continents)
About Us
Today, as a community of complementary businesses that are part of the transition to a low carbon, energy economy, Fortistar has established itself as a leader in uncovering, managing and delivering investment performance in the power, transportation and industrial sectors.
Fortistar is a private investment firm that owns and operates energy related assets for a low carbon economy. Our success is built on a foundation of experienced professionals who share a deep understanding of energy related operations, financing and development.
Where We Do ItFor decades, the company has developed, invested in and managed an unparalleled portfolio of successful power and energy initiatives in the United States and Canada, including cogeneration facilities; compressed natural gas fueling stations; landfill power plants; and biomass facilities.
The Future Before UsThere is a natural tendency to be introspective. Fortistar's nature, however, is to look outwards, at it's connection to customers, investors, partners and markets. As you review our capabilities and results, consider the common thread that ties it all together: a focus on turning the human aspects of business into superior returns and tangible answers to global issues.
Methodology
Our methodology seeks ownership in power projects with well structured contractual arrangements that produce a continuing and reliable stream of cash flow.
Sustainable PerformanceFor Fortistar, there is great opportunity embodied in the ideal of the triple bottom line. Built on the three pillars, People, Planet and Performance, Fortistar has built a track record of success by:
- Using talent, passion and expertise of committed professionals – People
- Leveraging trends in power, the transition to a low carbon economy and making the most responsible use of our natural resources – Planet
- And lastly, working effectively, using best practices that drive productivity and economic outcomes – Performance
Management
Our team of in-house experts and industry advisors is large enough to manage multiple projects and small enough to react quickly to opportunities and changing market conditions.
When a project requires a specialized expertise, we supplement our personnel with outside consultants whose skills meet those needs.
It is our way of assuring that each project benefits from the industry’s finest talent in a cost efficient manner
We manage each project or group of projects as a separate business segment. A dedicated site team headed up by a senior manager is responsible for day to day management and profitability of the project or group.
Track Record
An Approach Built on Shared Insight
Over time, we have learned that success can be built on focused purpose, but it still requires hard work, experience and the ability to bring clarity to businesses with true commercial opportunity. This clarity builds on our many years of experience in structured finance and a strong focus on operational improvements
The Lessons of Compounding
Using the idea of compounding - earning interest on interest, Fortistar has applied the same principal in building success on top of prior success. Each project contributing to the efficiency and return on investment of those that follow:
Realized Value for our Investment Partners
A business model focused on well structured, contractual arrangements which generate reliable and predictable cash flows with upside opportunities through operational and contractual enhancements.