Castleton Commodities International LLC (CCI) - Company Research Report
Company Overview
- Name: Castleton Commodities International LLC (CCI)
- Mission: To unlock value in energy markets through superior fundamental research, innovative logistical solutions, exceptional people, and disciplined capital deployment.
- Founding: Founded in 1997 as a subsidiary of the Louis Dreyfus Group. It became Louis Dreyfus Highbridge Energy LLC in 2006 and was renamed Castleton Commodities International LLC in 2012 after being acquired by a group of private investors and management.
- Key People:
- William C. Reed II, Chief Executive Officer
- Nicholas P. Haslett, President
- Ahmet Atamen, Senior Managing Director, Chief Risk Officer
- Richard Dolcetti, Managing Director, Chief Financial Officer
- Lauren Haymond, Managing Director, Global Head of Talent Strategy
- Zal S. Masani, Senior Managing Director, Head of CCI Europe, Global Head of Oil and Head of European Gas and Power
- Arie Pilo, Senior Managing Director, Global Head of Principal Investments
- Robert Ruckman, Senior Managing Director, Head of North American Gas & Power
- Robert D. Short, Managing Director, Chief Information Officer
- John V. Tesoriero, Senior Managing Director, General Counsel, and Corporate Secretary
- Headquarters: Stamford, Connecticut, USA
- Number of Employees: Over 500
- Revenue: No information is available
- What the Company is Known For: CCI is a leading global energy commodities merchant and infrastructure asset investor known for its expertise in energy merchant trading and strategic infrastructure asset investing.
Products
Overview
CCI operates in various segments of the energy market including natural gas, power, and oil, utilizing an integrated merchant and asset platform to capture emerging opportunities.
Merchant Trading
- Description: CCI deploys capital on a proprietary basis in physical and financial energy markets utilizing a data-driven approach.
- Key Features:
- Proprietary analytics to identify trading opportunities
- Integration across risk management and investment platforms
Infrastructure Assets
- Description: Strategic investment in and development of energy infrastructure assets.
- Key Features:
- Investing in gas-fired power plants
- Battery energy storage systems
- Oil and gas infrastructure
Natural Gas
- Description: Leaders in identifying opportunities in global natural gas markets.
- Key Features:
- Extensive network of storage and transportation assets
- Advanced research capabilities
- Producer services for balancing and optimization
Power
- Description: Trading and investing in global power markets.
- Key Features:
- Power asset optimization
- Investment in regional power markets across multiple cycles
Oil
- Description: Engaged in global oil markets with a comprehensive approach across the oil value chain.
- Key Features:
- Ethanol and biodiesel marketing
- Crude oil and refined product trading
- Light ends and middle distillates management
Recent Developments
- Credit Facilities: On Dec 3, 2024, CCI closed credit facilities totaling $2.1 billion, including a $1.9 billion secured borrowing base facility and a $200 million unsecured revolving credit facility. This facility supports CCI's financial growth, demonstrating confidence from banking partners.
- Key Acquisitions:
- Hunlock Creek Energy Center (Nov 19, 2024): CCI acquired a 169-megawatt natural gas-fired power plant in Pennsylvania. This acquisition aims to expand their power portfolio and optimize energy storage with future plans in data center development and additional gas-fired capacity.
- S4 Energy’s Entry into Germany (Nov 12, 2024): S4 Energy, a subsidiary of CCI, acquired a 310 MW battery energy storage portfolio in Germany. This strategic move underscores CCI’s commitment to strengthening its BESS platform in Europe to support Germany's renewable energy targets.
- Partnerships & Strategic Moves:
- Germany Battery Storage Sector: Through its subsidiary S4 Energy, CCI made significant strides in the European battery energy storage market by acquiring assets from Terra One Climate Solutions GmbH, reinforcing their role in facilitating Germany’s energy transition targets.
- Previous Investments: CCI has consistently expanded its energy portfolio, including investments in battery storage, natural gas, and renewable energy across strategic geographical regions like the US and Europe.
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This report summarizes available data from Castleton Commodities International LLC, emphasizing its strategic role and operations within the global energy markets, enabling stakeholders to analyze CCI's competitive positioning and growth trajectory.
