# Excelerate Energy Excelerate Energy is an Asset Manager based in The Woodlands, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** The Woodlands, United States - **Region:** North America - **Address:** The Woodlands, TX, United States - **Founded:** 2003 - **Assets under management:** Undisclosed - **Website:** excelerateenergy.com ## Regulatory record - **Reports private funds:** No ## About George Kaiser's family office, Kaiser-Francis Oil Company, founded Excelerate Energy in 2003 to commercialize the floating LNG terminal — a technology that had previously existed on paper but never at industrial scale. Kaiser's financial backing and long-term vision allowed Excelerate to build and deploy the world's first purpose-built FSRU, the Excelsior, in 2005, creating an entirely new category of energy infrastructure. The firm remained privately held under Kaiser's control for nearly two decades, developing a proprietary network of terminals and supply relationships across the Global South. Excelerate operates a vertically integrated model: it owns and charters its FSRU vessels while also developing, financing, and operating the onshore gas distribution infrastructure that connects to local power grids and industrial users. The fleet includes ten FSRUs as of early 2025, with the newest addition, the Excelsior, delivered in 2024. Active terminal projects span Bangladesh (Moheshkhali, Bangladesh's first LNG import terminal), Brazil (the Bahia terminal), Argentina, and the UAE. In each market, Excelerate typically holds a long-term offtake or capacity agreement with state-owned utilities, such as Petrobangla in Bangladesh, 2018) or Petrobras in Brazil. In April 2022, Excelerate completed its IPO on the NYSE under the ticker EE, with Kaiser retaining a controlling stake through various entities. The company deployed roughly $1.2 billion in total assets as of its most recent filings (per SEC filings, 2024), against revenues that fluctuate with global gas prices and seasonal demand. Excelerate has no disclosed philanthropic structures beyond Kaiser's long-established George Kaiser Family Foundation, which operates independently. In September 2023, the firm contracted with Hyundai Heavy Industries for a $330 million newbuild FSRU, signaling continued fleet expansion. Excelerate's genuine structural advantage is temporal: it can deploy a fully operational LNG import terminal in 12 to 18 months, where a land-based terminal requires five to seven years of permitting and construction. This speed-to-market capability makes Excelerate the default solution for governments facing acute energy shortfalls — the terminal arrives, connects, and begins flowing gas before a conventional environmental impact statement would be complete. No other publicly traded company offers this exact capability at this scale, positioning Excelerate as infrastructure arbiter rather than simple equipment lessor. ## Sectors - Energy Transition & Renewables - Infrastructure ## Offices - Washington, DC - Dubai - Singapore - Rio de Janeiro - Buenos Aires - Dhaka - Chittagong ## People - Steven Kobos — President and Chief Executive Officer - David Liner — Chief Operating Officer - Dana Armstrong — Chief Financial Officer ## Questions ### Who controls Excelerate Energy? George Kaiser remains the controlling shareholder through various entities tied to his family office, Kaiser-Francis Oil Company, following the company's 2022 IPO. CEO Steven Kobos runs day-to-day operations, but Kaiser's long-term capital and patience underpinned Excelerate's two decades as a private company — a timeline that allowed the FSRU model to mature without quarterly earnings pressure. ### Which markets generate the bulk of Excelerate's revenue? Bangladesh is Excelerate's single largest and longest-standing revenue contributor, where the Moheshkhali terminal has been in continuous operation since 2013 under contract with Petrobangla. Brazil, Argentina, and the UAE represent the next tier of significance, with shorter-duration or seasonal contracts in other markets like Kuwait and Pakistan historically providing supplemental income. ### What risks does the fleet face from the energy transition? The near-term risk is not decarbonization but overbuilding of land-based LNG import capacity in core markets like Bangladesh or Brazil. If a state utility shifts to a permanent onshore terminal, Excelerate's mobile asset must find a new contract or sit idle. Longer-term, the question is whether the Global South gasification story holds for 20 years or peaks in 10, as renewables-plus-storage costs continue to decline. Excelerate's management has acknowledged the transition risk in public filings but has not disclosed a diversification strategy beyond natural gas, which remains the firm's sole infrastructure play. ### Does Excelerate operate any terminals in developed Western markets? No. Excelerate has historically been absent from Europe, Japan, and South Korea, where established land-based infrastructure and regulatory regimes make floating terminals less attractive. The partial exception is the United States, where Excelerate owns the Gulf Gateway Deepwater Port, but that terminal was idled in 2012 when domestic shale gas made LNG imports economically unviable. The firm's practical focus is exclusively emerging and frontier gas markets. ## Related profiles - [Tutor Perini](https://altss.com/profile/tutor-perini-corp) - [Independence Realty Trust](https://altss.com/profile/independence-realty-trust-inc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/excelerate-energy-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology