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Liberty Energy Inc. has acquired distributed power systems developer IMG Energy Solutions for an undisclosed sum as the oilfield services company continues to enhance its mobile power business, Liberty Power Innovation (LPI).
The deal comes as Liberty focusing on power generation for a range of purposes from data centers to oilfield electrification.
IMG offers a self-contained modular power block design that requires minimal balance of plant equipment and provides quick adaptation to site-specific requirements without extensive re-engineering and reconfiguration, Liberty said in a March 5 press release. That ensures “scheduled completion, optimized life cycle economics, and rapid deployment across a wide variety of customers and applications.”
Liberty said IMG adds integrated capabilities across engineering design and development, construction management, enhanced software and monitoring systems and operations and marketing.
The acquisition strengthens LPI’s power offering by incorporating IMG’s advanced engineering designs, software control systems, utility interconnection experience (PJM) and power marketing expertise.
“IMG’s cutting-edge modular power product design enables rapid deployment for microgrids, uniquely positioned to meet resiliency expectations for data centers and other applications,” Liberty said in a press release. “With over a decade of proven power system deployment and operations experience, the company’s 4th generation design expands on previous successes, offering a high reliability, scalable, standardized power block configuration.”
IMG’s cloud-based centralized operations platform for remote monitoring and control includes systems integration, automation, instrumentation and electrical design. The network operating center enables 24/7 power dispatch, remote monitoring and asset management, ensuring optimal plant performance and long-term reliability, according to Liberty.
"The acquisition of IMG cultivates bench strength across LPI, representing a significant step forward. It accelerates our engineering design and construction capabilities, augments our systems controls, and enables the immediate participation in PJM market activities," said Liberty CEO Ron Gusek. "By bringing IMG into the Liberty family, LPI is well positioned to deliver low emissions, capital efficient energy solutions with a fully integrated power solution across the value chain.”
IMG infrastructure projects include an independent microgrid at Pittsburgh International Airport (PIT). The also company owns a utility-scale solar array at PIT and operates both the solar and natural gas thermal facilities, ensuring 100% onsite power under a long-term service agreement.
In December 2023, IMG completed the sale of six 21 megawatts (127 MW) of natural gas power plants in Northeast Pennsylvania to Tenaska. The divested facilities featured advanced gas reciprocating engine technology, designed for fast-start flexibility and high reliability in the PJM market. The sale further highlights IMG’s ability to execute high-quality power projects, reinforcing its industry expertise.
“The IMG team is excited to join forces with Liberty, which has a long history of successful deployment of capital into the energy space with innovative, world class customer-centric product solutions. We look forward to leveraging our collective experiences to further the successes of our customers,” said IMG CEO Mike Brady.
FTI Capital Advisors LLC served as the financial adviser to IMG Energy Services.
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