Fieldstone has been working since 2012 with Powersite LLC, an innovative Houston-based developer of innovative, environmentally-friendly combined cycle gas turbine power plants. The Powersite plant design includes gas turbines from Rolls Royce, steam turbines from Siemens and advanced boilers from IST.
Fieldstone is a co-investor with and exclusive financial advisor to Powersite in several power plant locations, to initially serve the ERCOT power grid. Each will have a nameplate capacity of over 380 MW, capable of serving efficiently as both a base load and peak load power generator. Fieldstone is assisting in the development of these plants, including sponsoring and participating in the development capital round and arranging the required long-term debt and equity financing.