One Power Company Secures Strategic Private Investment to Accelerate Industrial Power Expansion

Surging demand for industrial power drives strong commercial pipeline for One Power’s reliable, on-site energy solutions

One Power Company (“One Power” or the “Company”), a leading developer of on-site industrial power solutions, announced today that it has secured a new round of private capital from an existing investor. This investment is the first in a series of expected future financings being pursued to accelerate One Power’s growth strategy and underscores strong institutional confidence in One Power’s mission and momentum.

The transaction follows the Company’s successful Series A round completed in May 2024 and comes as One Power expands its portfolio of behind-the-meter power infrastructure for large industrial clients.

“We’re seeing extraordinary demand for reliable, on-site industrial power,” said Jereme Kent, CEO of One Power. “This investment reflects not only the continued support from our existing partners but also our conviction that private capital is the most efficient and flexible path forward for now. We are well positioned to execute on our commercial project development pipeline and grow aggressively while maintaining our commitment to long-term value creation.”

One Power develops, owns, and operates on-site energy assets tailored to the needs of industrial users, delivering power directly at the point of use under long-term contracts. Its portfolio includes successful projects for companies such as Whirlpool Corporation, Marathon, Haviland, Ball, Martin Marietta, Valgroup, and Holcim.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any securities, and there shall not be any offer, solicitation or sale of securities mentioned in the press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such any state or jurisdiction.

About One Power

One Power is a vertically integrated industrial power company that develops, builds, owns, and operates on-site power solutions for large and emerging industrial customers. One Power’s experienced team builds and operates MW-scale, mission-critical, high-voltage power systems outside its customers’ facility walls to deliver grid and renewable, behind-the-meter power to its customers. One Power develops and delivers a range of large-scale power solutions to its industrial customers, including Megawatt Hubs, Wind for Industry®, ManagedHV®, and Net Zero projects.

Founded in 2009, One Power is a Utility 2.0 company, and believes it is the largest installer and owner of behind-the-meter wind energy in the United States. Learn more about the customer-centric power grid of the future at www.onepower.com.

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