Press release
New Fortress Energy Achieves First Fire at CELBA 2 Power Plant
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced that it has achieved first fire at its 624 MW CELBA 2
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced that it has achieved first fire at its 624 MW CELBA 2 Power Plant in northern Brazil, marking a major operational milestone toward commercial operations.\n\n\nThe first fire signifies the successful initial ignition of the plant’s gas turbines and the start of the hot commissioning process. COD for the plant is expected later this year.\n\n\nOnce operational, CELBA 2 will provide reliable power to the region through NFE’s integrated gas and power infrastructure in Barcarena.\n\n\n“First fire at CELBA 2 represents another significant achievement for our operations in Brazil,” said Jeremy Dawson, Managing Director at New Fortress Energy.\n\n\n“Our Barcarena terminal has a total of 2.2 GW of power under development, including the 624 MW CELBA 2 Power Plant and the 1.6 GW PortoCem Power Plant,” said Leandro Cunha, Managing Director at New Fortress Energy. “PortoCem is fully financed, construction is approximately 75% complete, and the project is expected to begin operations by August 2026. In addition to our existing portfolio, we are well positioned to participate in Brazil’s upcoming power auctions scheduled for March.”\n\n\nAbout New Fortress Energy Inc.\n\n\nNew Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.\n\n\nCautionary Statement Concerning Forward-Looking Statements\n\n\nThis press release contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projecte...