Solaris Energy Infrastructure Inc Dossier
Qualitative Analysis
Business overview
Solaris Energy Infrastructure, Inc. (NYSE: SEI), formerly known as Solaris Oilfield Infrastructure, Inc. (rebranded in September 2024), provides mobile, scalable, and modular equipment-based solutions for distributed power generation and raw material logistics. The company operates through two primary segments: Solaris Power Solutions and Solaris Logistics Solutions. Following its strategic pivot initiated by the acquisition of Mobile Energy Rentals (MER) in 2024 and further accelerated by the acquisition of Focus Genco Cayman Ltd. (Genco) in March 2026, SEI has transitioned from a traditional oilfield services provider into a high-growth energy infrastructure player. It now deploys natural gas-powered mobile turbines to provide behind-the-meter (BTM) power solutions for data centers, technology customers, and industrial operations.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Expanding total power generation capacity to 3.2 GW by 2029, with over 2 GW secured under long-term contracts with leading technology companies.
Expected impact: Expected to drive pro forma Adjusted EBITDA to $950 million–$1,000 million at full deployment, with a 40%+ Adjusted EBITDA CAGR from 2025 to 2029.
Enhancing project scope to include additional balance of plant equipment such as transformers, switchgear, batteries, and natural gas infrastructure.
Expected impact: Significantly increases project investment and returns, deepening integration with hyperscaler customers.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquisition of Genco Power Solutions and 30 turbine delivery slots to add approximately 900 MW of natural gas-fueled turbine capacity between 2026 and 2029, growing pro forma fleet capacity to 3,100 MW.
Financial impact: At closing, paid approximately $240 million in cash, issued 4 million Class A shares (valued at ~$215 million), and assumed $165 million of indebtedness. Expected to drive earnings power of over $1 billion in Adjusted EBITDA pro forma.
Acquisition of a specialty provider of complex and fast-turnaround electrical control and distribution equipment to internalize key capabilities related to distribution and voltage regulation of mission-critical power loads.
Financial impact: Strengthens the Power-as-a-Service offering and expands the total addressable market across hospitality, healthcare, data centers, utilities, and energy.
Strategic Partnerships
A 50.1%/49.9% joint venture formed to own approximately 900 MW of primary power generation capacity assets at an AI data center campus for a leading technology customer.
Terms: Solaris contributed approximately $86.4 million in non-cash assets versus $86 million in cash from CTC. The JV has a $550 million committed non-recourse debt facility.