NGP Energy Technology Partners Announces $348 Million Fund Closing for NGP Energy Technology Partners II, Exceeding $300 Million Target

WASHINGTON--(Business Wire)--
NGP Energy Technology Partners ("NGP ETP") announced that NGP Energy Technology
Partners II, L.P. ("NGP ETP II") held a final closing on June 5, 2009 with total
commitments of $348 million. NGP ETP closed its first fund, NGP Energy
Technology Partners, L.P. ("Fund I"), in December 2005 with $148 million of
capital. NGP ETP is affiliated with NGP Energy Capital Management ("NGP ECM"), a
$9.6 billion firm that invests in all sectors of the energy industry. With $496
million in aggregate commitments, NGP ETP is one of the largest investors in the
energy technology industry in the United States.

NGP ETP invests between $5 million and $25 million of growth capital in
companies that provide technology-related products and services to the oil &
gas, power, alternative energy and energy efficiency sectors. The principals of
NGP ETP are among the most experienced energy technology investors in the United
States, having begun investing in the sector in 1997. NGP ETP is one of the
first investors in the United States to focus on late stage, private equity
investment opportunities in energy technology and has a strong track record of
working with its portfolio companies to create value and establish strategic
partnerships. Annual revenue for the 12 companies in Fund I exceeds $300
million. NGP ETP has invested in a diverse portfolio of companies that include
TPI Composites, a leading U.S. wind blade manufacturer; groSolar, one of the
country`s largest solar integrators; and Satcon Technology Corporation, a
leading provider of power electronics to the renewable and distributed energy
markets worldwide.

Philip J. Deutch, Managing Partner of NGP ETP, said: "We are very pleased that
commitments to NGP ETP II exceeded our target of $300 million. Our ability to
raise $348 million in this challenging economic environment is a testament to
the performance of Fund I as well as the loyalty and support of our existing
partners and new investors. We believe that the current market environment
offers very attractive investment opportunities for experienced and disciplined
energy technology investors who have capital to invest."

Kenneth A. Hersh, Chief Executive Officer of NGP ECM, said: "For over 20 years,
NGP ECM has invested in energy opportunities using fundamental investment
analysis to pursue attractive risk-reward opportunities. NGP ETP II continues
that strategy and demonstrates the power of the NGP ECM platform."

The senior members of the NGP ETP investment team include Philip Deutch, Chris
Sorrells, Jason Hicks, Michael LeBourgeois, Brad Barton, and Rodd Macklin. The
firm is headquartered in Washington, D.C. and has offices in Irving, TX and New
Orleans, LA.

NGP Energy Technology Partners
NGP Energy Technology Partners ("NGP ETP"), established in 2005, is a
Washington, D.C.-based private equity firm investing growth capital in companies
that provide technology-related products and services to the oil & gas, power,
alternative energy and energy efficiency sectors. The firm, with $496 million in
capital under management, is managed by investment professionals with extensive
experience investing in virtually all types of energy technologies and a strong
track record of helping companies grow, create value, and establish strategic
partnerships. NGP ETP is affiliated with NGP Energy Capital Management, a $9.6
billion firm that invests in all sectors of the energy industry.

For Information: www.ngpetp.com

NGP Energy Capital Management
NGP Energy Capital Management, founded in 1988, is the premier investment
franchise in the energy industry. The firm`s $9.6 billion investment platform
includes the $6.9 billion Natural Gas Partners ("NGP") family of private equity
funds that invest in oil and gas production, midstream and oilfield service
companies plus $350 million of co-investment funds that invest in direct oil and
gas property interests alongside NGP`s portfolio companies. In addition to the
NGP funds, NGP ECM`s investment platform includes NGP Capital Resources Company
(NASDAQ:"NGPC"), a $450 million publicly-traded business development company
that focuses on providing senior debt and mezzanine capital to the energy
industry; NGP Energy Technology Partners; and NGP Midstream & Resources, L.P., a
$1.4 billion fund that makes direct investments in energy infrastructure and all
facets of the mining, minerals and related power sectors.

For Information: www.ngpenergycapital.com

NGP Energy Technology Partners
Philip J. Deutch
Managing Partner
202-536-3920
Fax: 202-536-3921
inquiries@ngpetp.com

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