May 6, 2025
Mikaila Adams, Oil and Gas Journal
“In March, Williams acquired a 15% equity stake in Cogentirx, an independent power producer, for about $150 million in cash. The privately held company holds interests in 11 natural gas power plants. In the earnings release, Armstrong said the company expects the deal will enhance its market intelligence and give the company ‘line of sight to how [Williams] can better serve the growing power markets with gas supply.’
The company also noted commitment, through subsidiary Will-Power, to the $1.6-billion Socrates project (behind-the-meter power generation plants) in New Albany, Ohio. The project includes building two power generation plants powered by natural gas with total committed generation capacity of 400 Mw.”