HANNIBAL, Ohio -- Long Ridge Energy Terminal (“Long Ridge”), located in Hannibal, Ohio, announced plans to transition its 485 MW combined-cycle power plant to run on carbon-free hydrogen. In collaboration with New Fortress Energy (“NFE”) and GE, Long Ridge intends to begin providing carbon-free power to customers as early as next year by blending hydrogen in the gas stream and transition the plant to be capable of burning 100% green hydrogen over the next decade. With commercial operations planned for November 2021, Long Ridge will be the first purpose-built hydrogen-burning power plant in the United States and the first worldwide to blend hydrogen in a GE H-class gas turbine. The plant utilizes a GE 7HA.02 combustion turbine, which can burn between 15-20% hydrogen by volume in the gas stream initially, with the capability to transition to 100% hydrogen over time. Long Ridge has engaged Black & Veatch to assist with developing plans for the plant integration for hydrogen blending and to ensure safe and reliable industrial practices. “We are thrilled to work with the Long Ridge and New Fortress Energy teams on this first-of-its kind GE HA-powered project that will drive a cleaner energy future by utilizing hydrogen to ultimately produce carbon-free power,” said Scott Strazik, CEO of GE Gas Power. “As one of the leaders in decarbonization in the gas turbine industry and the OEM with the most fleet experience in using alternative low heating value fuels including hydrogen, we look forward to applying more than 80 years of experience to help Long Ridge achieve its goal of providing reliable, affordable, and lower-carbon power to its customers.” To support a green hydrogen transition, Long Ridge is teaming with NFE’s new division, Zero, which is focused on investing in and deploying emerging hydrogen production technologies to meet zero emissions targets. NFE’s Zero division will support Long Ridge’s carbon-free power transition as it scales up novel technologies that can produce low-cost hydrogen. “Long Ridge has many advantages in the pursuit of green hydrogen and zero-carbon power and this partnership allows us to get firsthand knowledge and experience blending hydrogen and natural gas in GE turbines,” said Wes Edens, CEO and Chairman of New Fortress Energy. “Our singular focus has been to identify and support clean technologies that can eventually produce hydrogen at commercially attractive prices. As we continue to make progress in our efforts and advance proof of concept projects, this experience will bring tremendous value.” “As the cost of carbon free fuels continues to drop, the Long Ridge Energy Terminal is ideally positioned to become a leader in deploying utility-scale green hydrogen solutions and clean energy storage,” said Joe Adams, CEO of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI). Long Ridge is a subsidiary of FTAI. For initial testing of hydrogen blending, Long Ridge has access to nearby industrial byproduct hydrogen. For the production of green hydrogen with electrolysis, Long Ridge has access to water from the Ohio River. Over time, below ground salt formations can be used for large-scale hydrogen storage. “With one of the most efficient power plants in the United States, Long Ridge continues to innovate by being among the first to provide reliable, resilient, on-demand power fueled by hydrogen,” said Matthew Rinklin, Managing Director at GCM Grosvenor, which owns a 49.9% equity interest in Long Ridge. Combined with Long Ridge’s proximity to large scale storage, the plant will be capable of supporting a balanced and diverse power generation portfolio in the future; from energy storage capable of accommodating seasonal fluctuations from renewable energy, to cost effective, dispatchable intermediate and baseload power. The parties will work together to finalize the terms of their commercial arrangements. 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 under construction, 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 New Fortress Energy Inc. New Fortress Energy (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Long Ridge Energy Terminal Partners with New Fortress Energy and GE to Transition Power Plant to Zero-Carbon Hydrogen