EthosEnergy’s Ana Amicarella Talks Acquisitions, Growth, and Market Opportunities

Since May 2025, numerous companies have enlisted EthosEnergy’s maintenance, repair, overhaul, and operations services as the industry prepares for exponential power demand. Customers in Rhode Island, the Dominican Republic, Iraq, Saudi Arabia, and other locations are relying on EthosEnergy to extend the lifetime of their power assets, especially in light of increasing turbine-lead times.

For example, EthosEnergy signed a multi-year operations and maintenance agreement with the Rhode Island State Energy Center, a two-by-one combined-cycle gas turbine power plant in Providence, Rhode Island.The facility, commissioned in 2002 with a nominal output of 596 MW, is powered by two SGT6-5000F gas turbines and one GE D11 steam turbine.

The company also acquired Turbine Services, Ltd., a 50-year-old New York-based manufacturer and supplier of aftermarket parts for heavy-duty gas and steam turbines.

Ana Amicarella, CEO of EthosEnergy, joined Turbomachinery International to discuss her company’s role in this evolving energy landscape and more, including its acquisition by One Equity Partners (OEP), remote monitoring and control, LNG, and growth drivers. Amicarella said that EthosEnergy will continue servicing customer assets, with new acquisitions and growth strategies bolstering this market role.

TURBO: How has the acquisition by OEP helped EthosEnergy?

Amicarella: It’s been a wonderful experience. They are very intelligent people, quick with decision making, supportive of us, and have a very inquisitive culture. They’re interested in how we move things forward and how we make ourselves better. It’s been a terrific partnership so far.

TURBO: Are there any changes to EthosEnergy’s strategic approach, growth drivers, etc.?

Amicarella: Due to the acquisition appetite of our new shareholders, we’ve had an opportunity to re-evaluate our strategy. We’re looking at the entire portfolio and what things could be added. The last acquisition we made gives you an idea of the speed we’re moving. This is a perfect opportunity for us to review what makes sense for the portfolio and what doesn’t. It allows us to align with the market and focus on what we’re good at.