Lotus Infrastructure Partners, a private equity firm focused on energy infrastructure, has agreed to sell a portfolio of seven natural gas generation assets to Vistra Corp in a $1.9bn deal, as the utility giant positions itself to meet ballooning US electricity demand, according to a report by Reuters.
The transaction includes five combined-cycle and two combustion-turbine gas facilities totalling nearly 2,600 MW of generation capacity, strategically located across PJM, New England, New York, and California – all key competitive electricity markets.
Lotus’s divestment comes as private equity firms increasingly capitalise on the surge in power demand driven by data centres and Big Tech’s AI growth. The US Energy Information Administration projects electricity consumption to hit record highs in 2025 and 2026, fuelling investor interest in dispatchable base-load assets such as natural gas.
