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LS Power Completes Acquisition of EMC Development Co.

LS Power Completes Acquisition of EMC Development Co.

August 07, 2019

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:

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 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Additionally, LS Power Grid has built 780+ miles of high-voltage transmission, with 350+ miles and multiple grid infrastructure projects currently under construction or development. 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 $54 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.