- Chesapeake Utilities Corporation (CPK, Financial) expands its energy infrastructure with a new $10 million pipeline project in Ohio.
- The project will be in partnership with American Electric Power (AEP) and is projected to be operational by the first half of 2027.
- This strategic expansion supports growing demands for distributed data infrastructure.
Chesapeake Utilities Corporation (CPK) has announced a strategic partnership through its Ohio subsidiary, Aspire Energy Express, LLC, with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in Central Ohio. This $10 million capital investment is set to serve a new fuel-cell facility providing on-site electric power to a data center, addressing the rising demand for distributed data infrastructure.
The infrastructure is anticipated to become operational in the first half of 2027. This development underscores Chesapeake Utilities' commitment to leveraging its core capabilities in transmission infrastructure, further accentuating its footprint in the high-growth Ohio region.
Jeff Sylvester, Senior Vice President and Chief Operating Officer of Chesapeake Utilities Corporation, remarked, "This project is a clear example of how Chesapeake Utilities Corporation continues to execute on our growth strategy by deploying capital to deliver essential infrastructure in alignment with energy demand in high-growth areas of Ohio."
Chesapeake Utilities Corporation, an entity listed on the New York Stock Exchange (CPK, Financial), is known for its diversified energy delivery, including natural gas transmission and distribution, electricity generation, and a range of other energy solutions. Aspire Energy Express, a wholly owned subsidiary established in 2020, continues to expand natural gas infrastructure throughout Ohio, offering efficient, affordable, and reliable energy solutions statewide.
