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LS Power Completes Acquisition of CPower Energy Management

LS Power Completes Acquisition of CPower Energy Management

December 21, 2018

NEW YORK, NY & BALTIMORE, MD — LS Power, today announced that it has completed its previously announced acquisition of Enerwise Global Technologies, Inc. (trade name “CPower”) for a private fund it manages. CPower is a leader in Demand Response and Distributed Energy Resources in North America and will now operate as a stand-alone entity under the LS Power umbrella of companies. Financial terms were not disclosed.

CPower is a demand-side energy management company that helps organizations save on energy costs, earn revenue through energy curtailment, increase grid reliability and achieve sustainability goals. This acquisition underscores LS Power’s ongoing focus on deploying its considerable power industry expertise in critical and growing sectors of the market.

As a result of this transaction, CPower is positioned to more quickly advance its growth strategies while maintaining its industry leadership position and best-in-class customer service, furthering its customers’ ability to monetize new energy technologies across all power markets.

About CPower:
Founded in 2014, CPower is a leading demand-side energy management solutions provider that helps commercial, industrial and government organizations in the U.S. energy markets save on energy costs, earn revenue through energy curtailment, enhance their sustainability efforts, and contribute to a balanced, reliable grid. CPower create customized energy strategies designed to help customers achieve success through demand response and demand management programs including automated curtailment, storage, and energy efficiency monetization. For more information, please visit www.CPowerEnergyManagement.com

About LS Power:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired over 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through LS Power Grid, the firm has built and operates approximately 680 miles of high-voltage transmission and has another 200+ miles and multiple grid infrastructure projects currently under construction or development. Across its efforts, LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $53 billion in debt and equity capital to support North American infrastructure.