Solaris Energy Infrastructure, Inc. announced on September 22, 2026, that its subsidiary intends to offer $1.0 billion in aggregate principal amount of Senior Notes due 2032 in a private placement. The offering is structured under Rule 144A and Regulation S of the Securities Act of 1933. The company stated that the net proceeds from the sale will be used for general corporate purposes, growth capital expenditures, and to pay fees and expenses related to the offering.
The filing details the company’s strategic shift toward its Power Solutions segment. As of the second quarter of 2026, the Power Solutions segment generated approximately 80% of the company's total segment Adjusted EBITDA. The company projects that upon full deployment of its power generation fleet by the end of 2029, this segment will contribute more than 90% of total segment Adjusted EBITDA.
Solaris highlighted significant contracts and recent acquisitions to support this growth. The company has entered into three major agreements to provide power generation capacity for data center customers in the artificial intelligence sector. These include a 900 MW agreement with Stateline Power, LLC, a 660 MW agreement with Hatchbo, LLC, and a 640 MW agreement with an affiliate of an investment-grade technology company.
In addition to these contracts, Solaris has completed several acquisitions to expand its capabilities. On September 1, 2026, the company acquired Omega Foundation Services LLC for approximately $101 million in cash, the assumption of $28 million in debt, and the issuance of 3.6 million shares of Class A common stock. On July 1, 2026, the company acquired Global Energy Services Alliance, Inc. for approximately $52.4 million in cash and the issuance of 2.9 million shares. In March 2026, the company acquired Genco Power Solutions, adding approximately 400 MW of incremental generation capacity.
The company also disclosed firm equipment orders with original equipment manufacturers for power generation capacity scheduled to reach more than 3,300 MW by the end of 2029, a significant increase from the approximately 950 MW operated on average during the second quarter of 2026.
