Energy Capital Partners (ECP), the Summit-headquartered investment powerhouse specializing in the energy transition, announced a definitive agreement to acquire EnergySolutions, a global leader in nuclear lifecycle services.
The transaction, which returns EnergySolutions to ECP’s portfolio after a period of ownership by TriArtisan Capital Advisors, underscores a massive strategic pivot toward nuclear energy. As New Jersey and the broader U.S. grapple with surging electricity demand from data centers and manufacturing, ECP is positioning itself at the center of the nuclear “renaissance.”
While EnergySolutions is headquartered in Salt Lake City, its impact is felt across the global nuclear landscape—including the Tri-State area’s critical energy infrastructure. The company provides end-to-end solutions for the nuclear sector, including:
- Radiological waste management: Safe transportation and disposal of materials.
- Decommissioning & remediation: Managing the complex transition of aging plants.
- Recycling: Innovative solutions for radiological material processing.
“ECP’s decision to acquire the business again comes at a time of transformational change,” Drew Brown, partner at ECP said. “We see tremendous potential for its platform as the role of nuclear energy in meeting the rising need for reliable, baseload power continues to grow.”
Based in Summit, ECP has established itself as one of the most influential private equity firms in the Garden State’s “Wealth Belt.” Since its founding in 2005, the firm has secured more than $36 billion in capital commitments.
This latest acquisition aligns with New Jersey’s own energy priorities. With the state home to the Salem and Hope Creek nuclear generating stations—which provide roughly 40% of New Jersey’s electricity—the services provided by EnergySolutions are increasingly vital. As utilities across the country seek to extend reactor licenses rather than retire them, the demand for specialized nuclear maintenance and waste services has hit an all-time high.
The deal reflects a broader national shift. Bipartisan support for nuclear power has surged as a means to achieve energy security and carbon neutrality. ECP noted that previously shuttered plants are being brought back online and a “newbuild” market is emerging to satisfy the massive electricity needs of AI data centers and LNG facilities.
Ken Robuck, president and CEO of EnergySolutions, expressed optimism about the reunion with the Summit-based firm: “We believe this transaction will accelerate our long-term strategy and growth… and we’re excited to work with ECP again.”
The acquisition is expected to close later in 2026, subject to customary regulatory approvals.
Advisors on the Deal:
- For EnergySolutions: Morgan Stanley & Co. LLC, RBC Capital Markets, and Ropes & Gray.
- For ECP: Latham & Watkins LLP.
