Newport Beach–based company committed to rebuilding America's sovereign capabilities, eliminating single-point foreign dependencies and structural infrastructure deficits, and aligning with federal industrial policy through public-private partnerships.

Special Project Delivery LLC (SPD), a privately held infrastructure developer founded in 2019, today profiled the platform it has assembled at the intersection of national security, critical-resource resilience, and large-scale public-infrastructure finance. SPD's pipeline spans complementary portfolios: (1) critical-minerals and energy positions aligned with Project Vault — the recent $12 billion public-private partnership announced by the U.S. Export-Import Bank — and also with U.S. Department of Defense and Energy industrial-policy priorities; and (2) a parallel Western U.S. water-infrastructure portfolio representing over $2 billion of aggregate development capital.

“Winning the 21st century requires that we onshore the production of our own critical minerals, provide the energy to power the AI Industrial Revolution, and modernize aging electric grids and water supply infrastructure. SPD takes on projects aimed directly at these structural deficits. Our team is the catalyst that drives projects through to shovel-ready success, and beyond.”

— Paul Singarella, Co-Founder and CEO

A Two-Pillar Platform

Critical Minerals and Energy. SPD holds direct equity and development positions in critical-minerals recovery, energy storage, and integrated geothermal-and-materials assets. The platform is advancing initiatives to recover rare earth elements from underutilized domestic feedstock, including legacy coal ash, using extraction approaches validated by U.S. defense-research partners. Each asset is positioned for monetization through strategic partnership, public listing, or recapitalization on a 12-to-36-month horizon.

Western U.S. Water Resilience. SPD's water pipeline comprises a unified template across multiple host utilities and multiple characterized projects — brackish-water desalination, groundwater banking, large-scale water conveyance, and clean-water technologies — representing over $2 billion of aggregate development capital. Each project is structured as a public-utility-owned asset financed through tax-exempt municipal revenue bonds and institutional capital partners, with SPD serving as fee developer and long-term asset manager retaining residual equity participation.

Capital Architecture and Federal Alignment

SPD's platform is supported by a layered capital architecture. At the platform level, three institutional financial partners — two investment banks and one private equity firm — are committed across all purposes. At the pillar level, institutional partners include two of the largest U.S. utilities and the U.S. Departments of Energy and Defense on the critical-minerals and energy platform, and Lawrence Berkeley National Laboratory on the water platform.

The platform is positioned across the principal federal industrial-policy and infrastructure-finance programs, including the Defense Production Act, the DOE Loan Programs Office, Section 48C Investment Tax Credits, the Water Infrastructure Finance and Innovation Act, and Project Vault.

Leadership

Paul Singarella, Co-Founder and Chief Executive Officer, is a former Latham & Watkins partner with a national practice in water, technology, and energy law. An engineer, scientist, and contractor, trained at the Massachusetts Institute of Technology, he leads SPD's platform strategy and accretion, federal- and state-program engagement, and technology innovation.

John Dewey, Co-Founder and Chief Financial Officer, has spent over 35 years in California real estate and infrastructure development, with cumulative project responsibility exceeding $2 billion of capital investment. His expertise spans complex entitlements, project finance, and the structuring of public-private partnerships and tax-exempt municipal financings. He leads SPD's capital strategy, project finance, and investor relations.

Claudia O'Brien, Strategic Advisor, is a former Latham & Watkins partner widely recognized for her command of the law governing the coal and utility industries. She advises SPD on regulatory strategy, federal critical-minerals program engagement, and the multi-agency permitting that anchors the development pipeline.

About Special Project Delivery LLC

SPD is a privately held infrastructure development platform with two complementary business lines: (i) direct equity and development positions in critical minerals, grid-flexibility energy storage, and integrated geothermal-and-materials assets; and (ii) fee-developer and asset-manager positions in Western U.S. water infrastructure. SPD's aggregate pipeline includes over $2 billion of development capital across the water platform alone, with a critical-minerals and energy book positioned for monetization through strategic partnership, public listing, or recapitalization. SPD, headquartered in Newport Beach, California, was formed in 2019.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding SPD's pipeline, capital architecture, federal-program participation, and monetization timing. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. SPD undertakes no obligation to update any forward-looking statement except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260513749699/en/

SPD, a private platform: Critical Minerals, National Security, AI Energy Efficiency, Drones, Robotics & Water Supply