Chesapeake Utilities Corporation Expands Energy Infrastructure in Ohio to Support New Data Center
Chesapeake Utilities Corporation (NYSE:CPK) has announced a strategic infrastructure expansion through its Ohio subsidiary, Aspire Energy Express, LLC. The company has partnered with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in central Ohio.
The project, representing a $10 million capital investment, will serve a new fuel-cell facility providing on-site electric power to a data center. The infrastructure is expected to be operational in the first half of 2027, supporting the growing demand for distributed data infrastructure and AEP's commitment to providing power solutions for customers.
Chesapeake Utilities Corporation (NYSE:CPK) ha annunciato un'espansione strategica delle infrastrutture tramite la sua filiale dell'Ohio, Aspire Energy Express, LLC. L'azienda ha collaborato con American Electric Power (AEP) per costruire e gestire un gasdotto intrastatale di gas naturale nel centro dell'Ohio.
Il progetto, che rappresenta un investimento di capitale di 10 milioni di dollari, servirà una nuova struttura a celle a combustibile che fornirà energia elettrica in loco a un data center. Si prevede che l'infrastruttura sarà operativa nella prima metà del 2027, supportando la crescente domanda di infrastrutture dati distribuite e l'impegno di AEP nel fornire soluzioni energetiche ai clienti.
Chesapeake Utilities Corporation (NYSE:CPK) ha anunciado una expansión estratégica de infraestructura a través de su subsidiaria en Ohio, Aspire Energy Express, LLC. La compañía se ha asociado con American Electric Power (AEP) para construir y operar un gasoducto intrastatal de gas natural en el centro de Ohio.
El proyecto, que representa una inversión de capital de 10 millones de dólares, abastecerá una nueva instalación de celdas de combustible que proporcionará energía eléctrica in situ a un centro de datos. Se espera que la infraestructura esté operativa en la primera mitad de 2027, apoyando la creciente demanda de infraestructura de datos distribuida y el compromiso de AEP de ofrecer soluciones energéticas a sus clientes.
체사피크 유틸리티스 코퍼레이션(NYSE:CPK)은 오하이오 자회사인 Aspire Energy Express, LLC를 통해 전략적 인프라 확장을 발표했습니다. 회사는 아메리칸 일렉트릭 파워(AEP)와 협력하여 오하이오 중부에 주내 천연 가스 파이프라인을 건설하고 운영할 예정입니다.
이 프로젝트는 1,000만 달러의 자본 투자에 해당하며, 데이터 센터에 현장 전력을 공급하는 새로운 연료전지 시설에 서비스를 제공할 것입니다. 인프라는 2027년 상반기에 가동될 예정이며, 분산 데이터 인프라에 대한 증가하는 수요와 고객에게 전력 솔루션을 제공하려는 AEP의 의지를 지원합니다.
Chesapeake Utilities Corporation (NYSE:CPK) a annoncé une expansion stratégique de ses infrastructures via sa filiale dans l'Ohio, Aspire Energy Express, LLC. L'entreprise s'est associée à American Electric Power (AEP) pour construire et exploiter un gazoduc intrastatal de gaz naturel dans le centre de l'Ohio.
Ce projet, représentant un investissement en capital de 10 millions de dollars, desservira une nouvelle installation à piles à combustible fournissant de l'électricité sur site à un centre de données. L'infrastructure devrait être opérationnelle au cours de la première moitié de 2027, soutenant la demande croissante pour une infrastructure de données décentralisée et l'engagement d'AEP à fournir des solutions énergétiques à ses clients.
Chesapeake Utilities Corporation (NYSE:CPK) hat eine strategische Infrastrukturerweiterung über seine Tochtergesellschaft in Ohio, Aspire Energy Express, LLC, angekündigt. Das Unternehmen arbeitet mit American Electric Power (AEP) zusammen, um eine innerstaatliche Erdgasleitung im zentralen Ohio zu errichten und zu betreiben.
Das Projekt, das eine Kapitalinvestition von 10 Millionen US-Dollar darstellt, wird eine neue Brennstoffzellenanlage versorgen, die vor Ort Strom für ein Rechenzentrum bereitstellt. Die Infrastruktur soll in der ersten Hälfte des Jahres 2027 betriebsbereit sein und die wachsende Nachfrage nach verteilter Dateninfrastruktur sowie das Engagement von AEP zur Bereitstellung von Energielösungen für Kunden unterstützen.
- New $10 million capital investment project in high-growth Ohio region
- Strategic expansion into data center infrastructure market
- Partnership with major utility company American Electric Power
- Project leverages company's core capabilities in transmission infrastructure
- Long implementation timeline with operations starting in 2027
As demand for distributed data infrastructure continues to rise, investments in data centers have accelerated. AEP is playing a leading role in supporting these developments by providing solutions to customers to meet their increasing power requirements.
Chesapeake Utilities operates multiple energy infrastructure subsidiaries throughout its footprint, enabling the transmission and distribution of natural gas to end-use residential, commercial and industrial customers. The new Aspire Energy Express transmission infrastructure represents a capital investment of approximately
"This project is a clear example of how Chesapeake Utilities Corporation continues to execute on our growth strategy by leveraging our core capabilities — new business development, transmission project construction and customer-focused energy solutions," said Jeff Sylvester, senior vice president and chief operating officer of Chesapeake Utilities Corporation. "Through our work with AEP, we're deploying capital to deliver infrastructure needed to support energy demand in high-growth regions of
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange (NYSE:CPK). Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. For more information, visit www.chpk.com.
About Aspire Energy Express
Founded in 2020, Aspire Energy Express, LLC (AEX), a wholly owned subsidiary of Chesapeake Utilities Corporation, is an intrastate pipeline company operating in
Media Contact
Alexander Nye
Director, Strategic Communications
727.754.0136
ANye@chpk.com
Investor Contact
Lucia M. Dempsey
Head of Investor Relations
347.804.9067
ldempsey@chpk.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-expands-energy-infrastructure-in-ohio-to-support-new-data-center-302499665.html
SOURCE Chesapeake Utilities Corporation
FAQ
What is the value of Chesapeake Utilities' (CPK) new Ohio pipeline project?
When will CPK's new Ohio pipeline project be operational?
Who is Chesapeake Utilities partnering with for the Ohio data center project?
What is the purpose of CPK's new Ohio pipeline?
Which Chesapeake Utilities subsidiary is handling the Ohio pipeline project?
