Solaris Energy Infrastructure Inc. (NYSE: SEI) completed two transactions that will add approximately 900 megawatts of natural gas-fueled turbine capacity between 2026 and 2029, the company announced. The Houston-based power generation company will operate approximately 3,100 MW of total capacity by the end of 2029.

The company acquired Genco Power Solutions on March 16, 2026, adding 400 MW of power generation capacity through 2028, including 100 MW of currently operated capacity. Solaris also purchased 30 turbine delivery slots on March 13, 2026, providing approximately 500 MW of capacity between early 2027 and 2029.

At closing, Solaris paid approximately $240 million in cash, issued 4 million Class A shares valued at $215 million, and assumed $165 million in debt. The company expects additional payments of approximately $935 million over the next three and a half years, primarily for capital expenditure progress payments to equipment manufacturers.

Solaris closed a new $300 million credit facility provided by Goldman Sachs & Co and Santander. The company stated it is evaluating additional financing options for a more permanent capital structure.

"Demand for our power generation solutions continues to outpace our committed and on-order capacity," said Bill Zartler, Chairman and Co-Chief Executive Officer, and Amanda Brock, Co-Chief Executive Officer, in a joint statement.

Chief Financial Officer Stephan Tompsett said the financing provides substantial liquidity to support near-term cash requirements and ongoing operations while the company explores other credit and capital markets options.

Solaris delivers power generation and distribution solutions to clients in data center, energy, and other commercial and industrial sectors.