Apex CAES

Overview:

Apex is a Texas-based company created to develop, construct, own and operate compressed air energy storage (CAES) plants. CAES is a proven power storage and generation technology with unique capabilities advantageous to emerging grid and power market needs. Development and operation of our projects will adhere to Apex’s core values.

Investors:

Haddington Ventures is a Houston, Texas based private equity firm with primary focus on the midstream energy sector. Haddington makes control-oriented investments through acquisitions or greenfield development in gathering, separation, processing, treating, compression, storage, and transmission assets. The firm has over 20 years of experience developing, constructing and operating underground natural gas storage projects.

Siemens AG, supplier of the critical power block equipment, is one of the world’s leading manufacturers of large gas compressors and expanders and is currently the only provider of complete, integrated utility-scale CAES systems in the world. Siemens AG equipment has demonstrated outstanding reliability, and Siemens is among today’s most trusted power industry equipment suppliers.

Values:

The Apex team is committed to making a positive contribution to the communities in which we work. Every decision we make is measured against our core values:

Integrity – We adhere to the highest ethical standards in pursuit of our objectives

Excellence – We hold ourselves to the highest standard of excellence in everything we do

Innovation – We strive to lead the industry in project design, execution, and operations

Balance – We account for all stakeholder interests – investors, customers, employees, surrounding communities, grid operators, and regulators