Cypress Creek Energy

About Cypress Creek Energy

Founded in 2014, Cypress Creek Energy is one of the largest independent, fully integrated energy platforms in North America. The Company develops, owns, and operates utility-scale generation and energy storage assets, with an owned portfolio of approximately 4.3 GW across over 200 locations, and a strong development track record, having commercialized over 15 GW since inception. Cypress Creek Energy is well-positioned for future growth and to lead the US clean energy transition in partnership with EQT.

Cypress Creek Energy has strong barriers to entry supported by scale, operational and development expertise, policy leadership, a vertically integrated approach, and overall market reputation. The Company has an expansive national footprint with approximately 400 employees managed by a best-in-class, highly regarded leadership team with decades of development and operating experience. Cypress Creek Energy is a mission-driven company focused on delivering cost-competitive, reliable energy solutions and powering a sustainable future, one project at a time.

Market Trends and Drivers

Persistent power supply shortages amid rapidly growing U.S. electricity demand continue to drive expansion across the energy sector, with new and diverse generation sources increasingly positioned as the fastest and most cost-effective solutions. The share of clean energy generation in the U.S. power mix continues to rise swiftly and is expected to outpace conventional sources, driven by ongoing technology cost declines, speed-to-power advantages, and strong corporate offtake demand for reliable, scalable energy solutions. As load growth accelerates across data centers, electrification, and industrial users, a diverse mix of generation and storage technologies — including renewables, dispatchable power, and flexible capacity — is playing an increasingly central role in meeting near- and long-term power needs.

Investment Potential

Cypress Creek Energy is highly thematic to the EQT franchise, facilitating EQT’s direct participation in the broader US clean energy transition through diversified power generation. The goal of this partnership is to continue to help the Company grow and expand its positive impact on society. Key value creation opportunities include efficiently executing on the development pipeline, growing the operations and maintenance businesses, digitizing the organization to improve efficiencies and support scalability, strengthening leading ESG focus, and expanding the broader platform through new geographies, generation technologies, and adjacencies.