Global Development
Expertise in developing, financing, and executing renewable energy projects across multiple markets.
Introduction
An Integrated Platform at the Intersection of Renewable Energy, Flexible Power, and Grid Infrastructure
Noortech, in partnership with Catalyst Energy Partners, is building a focused integrated energy platform that develops, acquires, owns, optimizes, and supports large-scale renewable and flexible power infrastructure assets across the MENA region. The venture operates at the intersection of renewable generation, flexible power, grid infrastructure, and technical advisory — supporting the accelerating global energy transition by delivering reliable, competitive, and increasingly decarbonized power solutions to industrial, commercial, utility, and institutional customers.
Noortech/Catalyst's strategy is centered on building diversified, utility-scale power portfolios while also providing the technical, engineering, permitting, structuring, and financing expertise required to accelerate project development and execution.
Platform Pillars
- Development and ownership of renewable energy assets.
- Optimization of existing infrastructure and interconnection points.
- Integration of storage and flexible power to support grid stability.
- Provision of technical, engineering, and financial advisory services.
Background & Partnership
Local Expertise Backed by Global Capabilities
Founded in 1997, Noortech is a Saudi-based electrical services company with experience in solar PV deployment across commercial and industrial clients. The business is now transitioning into a next-generation energy platform, leveraging its local execution capability, established client relationships, and technical delivery track record.
This transformation is accelerated through a partnership with Catalyst Energy Partners, founded in 2021 and headquartered in Dallas, Texas, by Matt Cheney and Steve Malnight — both highly experienced leaders in energy development and operations. Catalyst provides global development expertise, access to capital markets, and advanced structuring and financing capability.
Catalyst specializes in acquiring and enhancing thermal power assets by integrating renewable generation and storage solutions. In 2024, it formed a strategic partnership with JERA Nex — backed by JERA, the largest power producer in Japan — to jointly develop, build, own, and operate clean energy assets globally. This relationship is strategically important for Noortech, as it creates a pathway into a global energy ecosystem, particularly in the MENA region where international players often lack strong local execution capabilities.
1997
Noortech founded as a Saudi-based electrical services company.
2021
Catalyst Energy Partners established in Dallas, Texas, by Matt Cheney and Steve Malnight.
2024
Catalyst's strategic partnership with JERA Nex — backed by Japan's largest power producer — for global clean energy asset development.
2035
JERA Nex targeting 20 GW of wind, solar, and battery storage capacity across Europe, Asia, and North America.
Catalyst Energy Partners
Leveraging Existing Infrastructure to Accelerate Clean Energy Deployment
Catalyst focuses on accelerating renewable energy deployment through optimized use of existing grid infrastructure — reducing both development timelines and environmental impact. The firm specializes in acquiring and enhancing thermal power assets by integrating renewable generation and storage solutions, maximizing the value of existing grid connections.
Asset Optimization
Repurposing existing power plants and interconnection points to maximize value and reduce connection risks.
Capital & Partnerships
Financing structuring capabilities and partnerships with global energy investors and institutions.
Core Activities
From Development to Operation and Optimization
Noortech/Catalyst builds integrated capabilities covering the full lifecycle of energy assets and infrastructure.
Renewable Energy Project Development & Ownership
Developing, financing, acquiring, and operating utility-scale renewable energy assets in high-growth energy markets.
- Utility-scale solar PV farms
- Onshore wind projects
- Offshore wind developments
- Grid-scale battery energy storage systems
- Hybrid renewable energy systems
- Grid-connected infrastructure
Through disciplined portfolio construction and strategic market selection, the company aims to build long-duration contracted renewable generation capacity capable of supplying large volumes of low-carbon electricity to regional and international customers.
Infrastructure Optimization
- Leveraging interconnection points
- Addressing grid challenges
- Unlocking value of underutilized assets
- Accelerating storage and flexible energy deployment
Flexible Energy & Grid Stability
Operating and developing flexible infrastructure that supports renewable-dependent systems and provides reliable power around the clock.
- Flexible gas plants
- Thermal generation assets
- Battery storage systems
- Hybrid projects
- Dispatchable balancing infrastructure
This integrated approach contributes to the availability of reliable, 24/7 electricity solutions rather than intermittent renewable-only supply, improving grid stability and long-term portfolio performance.
Advisory Services
Technical, Engineering & Strategic Support Across the Full Project Lifecycle
Noortech/Catalyst provides technical and strategic services covering planning, development, engineering, licensing, interconnection, compliance, and governance — enabling it to act as both an execution partner and strategic advisor.
Energy & Utilities Consulting
Grid Engineering & Transmission
Renewable Energy Project Development
Environmental Services & Permitting
Engineering & Infrastructure
Owner's Engineering
Grid & Interconnection Studies
Digital Transformation & Grid Modernization
Sustainability & ESG Governance
Environmental Compliance
Business & Finance
Capital Formation and Project Structuring
Noortech/Catalyst provides advanced expertise in project structuring and financing to support development, acquisition, and long-term growth of investment portfolios.
Capital Structuring
Designing appropriate financing structures suited to project nature and risk profile.
Project Finance
Supporting long-term financing models for energy assets and infrastructure.
Strategic Partnerships
Developing collaboration models with developers, investors, and capital providers.
Co-Development Structures
Flexible co-development structures to accelerate project execution with strategic partners.
Investment Syndication
Syndicating investment opportunities across a network of institutional and infrastructure investors.
Infrastructure Investor Coordination
Coordinating opportunities with infrastructure investors and major financial institutions.
Through strategic partnerships and capital formation, the company mobilizes capital efficiently while scaling access to renewable energy and power infrastructure opportunities.
Clients & Partners
A Broad Ecosystem of Partners and Clients
Utility Companies
Infrastructure Investors
Renewable Energy Developers
Governments & Public Entities
Industrial Clients
Energy Transition Platforms
Institutional Capital Providers
Featured Project
Red Top Solar Development
A Catalyst Energy Partners project — demonstrating Noortech/Catalyst's integrated approach to large-scale renewable energy development and infrastructure optimization.
Project Overview
Red Top is a utility-scale solar photovoltaic development located in Graham, TX, within the ERCOT market. Phase I delivers 200 MW AC of solar generation, with a clear expansion pathway to approximately 1 GW through Red Top II — incorporating solar, battery energy storage (BESS), and a co-located data center campus.
The project is adjacent to a 625 MW peaking gas plant owned by Vistra, enabling grid optimization and infrastructure co-use. Full Interconnection Study (FIS) is complete with draft Interconnection Agreement in hand.
⬇ Download Project OverviewProject Metrics
- Location: Graham, TX — ERCOT West/North Hub
- Phase I Capacity: 200 MW AC / 248 MW DC
- Expansion: ~1 GW (Solar + BESS + Data Center)
- Land: 7,800 acres under long-term lease
- Net Capacity Factor: 30% (bifacial modules)
- Interconnection: FIS complete, IA in hand
- Expected NTP: Q3/Q4 2026
- Expected COD: Q3 2028
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Grid Infrastructure
New substation within the Graham SES 138 kV line. Network upgrade cost ~$13.5M. Stability and short circuit studies completed with no issues confirmed by Oncor.
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Development Status
Phase I ESA complete with no material issues. No mineral rights waivers needed. Permitting on track for NTP. Energization scheduled with Oncor for May 2028.
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Expansion Opportunity
Red Top II offers 800 MW Solar + BESS + co-located data center. Site provides water, fiber, reliable power and excess land — key requirements for hyperscale data center tenants.
Utility-Scale Solar PV
Battery Energy Storage
Data Center Co-location
Grid Optimization
ERCOT Market
Infrastructure Co-use
Strategic Direction
A Scalable Low-Carbon Electricity Platform
Global electricity demand is entering a multi-decade structural growth cycle, driven by artificial intelligence and data centers, sector electrification, electric vehicles, industrial decarbonization, energy security, and climate transition policies.
As a result, Noortech/Catalyst is positioning itself not only as a renewable developer or technical advisor, but as a fully integrated low-carbon electricity and infrastructure platform. Its long-term strategy is to combine asset ownership, technical execution, grid optimization, transaction expertise, and energy supply capabilities to deliver reliable, scalable, and commercially optimized power solutions across regional markets.
AI & Data Centers
Sector Electrification
Electric Vehicle Adoption
Industrial Decarbonization
Energy Security Priorities
Global Climate Policies
Team Members
Leadership Combining Local and Global Expertise
Matt Cheney
Executive Board Member & CEO of CatalystFounded and led major renewable energy companies and funds, successfully structuring and financing over 6 GW of solar and wind projects globally. Holds a Bachelor's from American University and a Master's from Johns Hopkins SAIS.
Read More ↗Hani Bakr
Managing Director — Strategy & InvestmentsOver 30 years of experience in Saudi Arabia across banking, financial services, real estate, international business, compliance, and operations. Leads Noortech's transformation into an advanced energy platform combining execution, financial structuring, and advisory.
Read More ↗Waleed Bakr
Managing Director — EngineeringOver three decades in electrical engineering, project execution, and executive leadership. Holds a Master's in Finance from Regent's University London and a Master's in Electrical Engineering from Pennsylvania State University.
Read More ↗Richard Scott
Sector Advisor22 years of experience in onshore and offshore renewables across five continents. VP Operations at JERA Nex, responsible for delivering the company's global onshore renewables portfolio.
Read More ↗Waleed Meer
Financial ControllerOver 16 years in financial management, auditing, compliance, and internal controls, with expertise in ERP systems and financial reporting. Holds a CPA certification and an MBA, with advanced standing in the ACCA professional qualification.
Read More ↗Hani Al-Waqadani
Administration & Compliance ManagerLeads administration, compliance, governance, policy and procedure development, risk management, and audit readiness — supporting the company's organized and regulatory-compliant growth.
Read More ↗Waleed Adly
Solar Energy Assistant EngineerSpecialist in photovoltaic solar energy systems with over five years of experience in distributed energy projects, from design and simulation to implementation, commissioning, and final handover.
Read More ↗Thamer Al-Mataen
Technical AssistantSupports renewable energy projects in site assessment, data collection, technical documentation, and design-field alignment, with certifications in solar system installation, safety, and risk management.
Read More ↗
Contact Us
Let's Discuss Renewable Energy and Infrastructure Opportunities
The Noortech/Catalyst team is happy to explore development, investment, technical, and financial advisory opportunities in the energy sector.