Transaction doubles NRG’s generation capacity and demand-side capabilities to better serve homes and businesses amid rising energy needs.
NRG Energy, Inc. today announced that it has completed the acquisition of a portfolio of generation assets and CPower from LS Power. The transaction strengthens NRG’s platform to deliver reliable and affordable energy and flexible demand solutions as load growth continues.
The acquisition includes 18 natural-gas-fired generation facilities totaling approximately 13 GW of capacity, along with CPower’s commercial and industrial virtual power plant (C&I VPP) platform. Together, the assets double NRG’s generation fleet, enabling the Company to better provide affordability and grid reliability across its core markets.
“Today, we are doubling down on power generation to respond to the incredible power demand supercycle,” said Larry Coben, NRG Chair & Chief Executive Officer. “This transaction builds on our leading platform and enables NRG to offer an ever-broader range of affordable, resilient solutions for customers of all sizes, from data centers to households. We are putting scale and reliability to work to deliver for the eight million customers we serve every day.”
With the transaction complete, NRG’s generation fleet now totals approximately 25 GW, supported by expanded demand response and VPP capabilities. This combination further strengthens NRG’s ability to serve residential, commercial, and large load customers with dependable power and innovative energy solutions.
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