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LS Power Completes Acquisition of EMC Development Co.

LS Power Completes Acquisition of EMC Development Co.

In July 2019, LS Power acquired EMC Development Company (trade name Electric Market Connection, ”EMC”) through its CPower portfolio company.

EMC, based in Columbia, Maryland, is the largest non-utility energy efficiency (“EE”) aggregator in PJM. EMC manages ~315 MW of EE resources, with ~80% located in premium, non-RTO capacity zones (EMAAC, PSEG, MAAC). Through the acquisition of EMC, CPower will become the largest EE provider in PJM, more than doubling its existing EE MW under management to ~515 MW. As a result of this transaction, there are enhanced growth opportunities for the combined entity across energy efficiency, demand response and distributed energy service offerings.

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:

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 42,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and over 660 miles of high voltage transmission. Additionally, LS Power actively invests in businesses and platforms focused on distributed energy resources, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $45 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.