In the early 2000s, JEMB Realty Corporation recognized an opportunity and, through affiliates, expanded into the energy sector, through Astoria Energy. Astoria Energy I went into service in 2006, providing 550 MW of clean, natural gas-fired energy to the New York City power grid. Astoria Energy II went into service in 2011, doubling the facility’s total output. Affiliates of JEMB Realty, as original sponsors and investors, are extremely pleased to have been part of the Astoria Energy projects from their inception, through the construction period, which required a high level of logistical organization, and into the operational phase, providing reliable power to New York City. Affiliates of JEMB Realty maintain a sizeable interest in Astoria Energy I and Astoria Energy II.