Investment will be doubled to provide $10,000 for community projects
Woodsfield, OH – Long Ridge Energy Terminal (“Long Ridge”) has committed $5,000 to support local projects benefitting the community through the Monroe County Community Foundation (MCCF).
With the establishment of the Long Ridge Energy Community Fund for Monroe County, a named unrestricted fund supporting MCCF, the company creates a gift toward MCCF’s Endow 200 Campaign that is matched dollar-for-dollar, effectively providing $10,000 in funding.
“We are pleased to partner with the Monroe County Community Foundation and invest in projects that will benefit the community, our employees, and their neighbors,” said Bo Wholey, President, Long Ridge. “We encourage others to do to the same. This is a great opportunity to double your impact and help MCCF continue to do great work.”
Long Ridge, a subsidiary unit of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) and an affiliate managed by GCM Grosvenor (NASDAQ: GCMG), announced a successful first step to transition Long Ridge’s power plant toward carbon-free hydrogen: following the start of commercial operation achieved in October 2021, the plant conducted a successful demonstration using a hydrogen-blended fuel in GE’s HA gas turbine at Long Ridge’s 485 MW combined-cycle power plant located in Hannibal, Ohio. The hydrogen blending test was completed on March 30, 2022, at the facility using hydrogen produced as by-product from a nearby industrial facility.
MCCF is a nonprofit organization designed for the benefit of Monroe County, its people, and communities. It is part of the family of county-based funds at the Foundation for Appalachian Ohio (FAO), a regional community foundation serving the 32 counties of Appalachian Ohio.
This dollar-for-dollar match opportunity is available through FAO, supporting the MCCF endowment. MCCF’s Endow 200 Campaign seeks to identify 200 donors who each will pledge to give donations over a five-year period. FAO will match those commitments, increasing their impact by creating more opportunities in Monroe County.
“Long Ridge is helping the Monroe County Community Foundation meet the greatest needs across the county by expanding the resources available for local grants each year,” said Nikki Lude of the MCCF Committee. “We are grateful for this donation. The timing is perfect because donations made now to MCCF are being matched dollar-for-dollar by FAO.”
About the Monroe County Community Foundation
The Monroe County Community Foundation (MCCF) was established in 2014 to ensure permanent support for the citizens and communities of Monroe County. A local community fund of the Foundation for Appalachian Ohio, MCCF works to inspire and support philanthropy. To learn more, visit www.AppalachianOhio.org/Monroe.
About Long Ridge Energy Terminal
The Long Ridge Energy Terminal is the Appalachian Basin’s leading multimodal energy terminal with a 485 MW power plant, nearly 300 acres of flat land, two barge docks on the Ohio River, a unit-train-capable loop track and direct access to Ohio Route 7. Long Ridge is owned by a subsidiary of Fortress Transportation and Infrastructure Investors LLC, which trades on the New York Stock Exchange under the ticker FTAI and an affiliate managed by GCM Grosvenor. For more information on Long Ridge, please visit www.longridgeenergy.com.
About the Foundation for Appalachian Ohio
The Foundation for Appalachian Ohio (FAO) is a regional community foundation serving the 32 counties of Appalachian Ohio. A 501(c)(3) public charity, the Foundation creates opportunities for Appalachian Ohio’s citizens and communities by inspiring and supporting philanthropy. For more information information about FAO, visit www.AppalachianOhio.org and follow FAO on Facebook and Instagram.