CPV Secures 10-Year Gas Netback with EQT to Supply 2+ GW CPV Shay Energy Center
SILVER SPRING, MD – August 12, 2026 — Competitive Power Ventures (CPV), through an affiliate, and EQT Corporation (NYSE: EQT) executed a power netback gas sale agreement for the CPV Shay Energy Center, a 2,100 megawatt (MW) combined-cycle natural gas power plant in Doddridge County, West Virginia. The agreement, a 10-year commitment, is set to begin when the plant enters commercial operation. Under the terms, EQT will cover the entirety of CPV Shay’s anticipated natural gas burn of over 100 BCF per year.
“This is a strong partnership and sets the foundation for the project’s commercialization,” said Peter Podurgiel, President of CPV. “Since first announcing our plans to develop CPV Shay, we have understood the critical need for new generation that continues to increase in the PJM region. Together with EQT, we will be able to provide dispatchable generation to help support a responsible energy transition in an area with increasing power demands.”
“Partnerships like this demonstrate what’s possible when producers and power generators work together to meet America’s growing energy needs,” said EQT President and CEO, Toby Z. Rice. “We look forward to working alongside CPV to help deliver affordable, reliable energy for years to come, while advancing our shared commitment to fostering new, lower-carbon generation technologies.”
CPV Shay Energy Center is designed and will be permitted with the option to include carbon capture technology. Once complete, the project will serve as one of the cornerstone projects for CPV’s decarbonization platform.
About CPV
CPV Group LP, a partnership majority owned by OPC Energy Ltd., has 25 years of unprecedented success in the development and operation of highly efficient and low emitting electric generation and renewable projects in the United States. CPV is focused on applying its development, financial and project management expertise to advance the next generation of technologies. After bringing on 6.8 GW of natural gas, wind and solar generation since 2010 and with a current pipeline of over 10 GW of renewable and dispatchable generation projects, including utility-scale carbon capture, CPV is well positioned to help drive the nation’s decarbonization goals forward.
About OPC Energy
OPC Energy Ltd. (OPCE:Tel Aviv) is an energy company leading the Energy Transition revolution in Israel and the United States and provides electricity in an efficient, reliable and environmentally friendly manner while combining solar energy, wind and natural gas with high efficiency. In Israel, OPC is the first and leading private electricity producer, offering its customers an integrated energy solution that includes the supply of all energy needs through the company’s production sites and in the customer’s yard using natural gas and solar energy. In the U.S., the company operates through the CPV Group, which supplies electricity using efficient natural gas and wind energy, and also builds and develops Powerhouse using natural gas, natural gas with reduced emissions, as well as solar and wind energy. For more information: please visit www.opc-energy.com/en.
Media Contact
Sam Loftus
Director, Corporate Communications
Competitive Power Ventures
(617) 347-8094
sloftus@cpv.com