LS Power Company Profile

Background

Founded in 1990, LS Power is a family- and employee-owned development, investment, and operating company specializing in the North American power and energy infrastructure sector. The company focuses on providing innovative, industry-leading, and cost-efficient solutions to complex energy problems, aiming to create a cleaner, more reliable, and affordable energy future.

Key Strategic Focus

LS Power's strategic focus encompasses:

Power Generation: Developing and operating a diverse portfolio of energy generation assets, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage facilities.

Transmission Infrastructure: Designing, building, owning, and operating high-voltage transmission systems to strengthen the U.S. electric grid and efficiently connect communities with diverse electricity sources.

Energy Transition Solutions: Investing in and scaling businesses that support the energy transition, such as electric vehicle charging, demand response, microgrids, renewable fuels, and waste-to-energy platforms.

Technological Innovation: Leveraging advanced technologies and methodologies to enhance energy efficiency, reliability, and sustainability across its operations.

Financials and Funding

Since its inception, LS Power has raised over $76 billion in debt and equity capital to support North American infrastructure projects. In 2025, the company sold a 13 GW gas generation portfolio and CPower Energy to NRG Energy for $12 billion in cash and common stock, marking a significant milestone in its financial strategy.

Pipeline Development

LS Power's pipeline includes:

Gateway Energy Storage: A 250 MW battery facility in San Diego, California, operational since August 2020.

Vista Energy Storage: A 40 MW battery facility in Vista, California, operational since July 2018.

Ravenswood Energy Storage: A 316 MW battery facility in Queens, New York, planned for development on the site of the existing Ravenswood Generating Station.

Diablo Energy Storage: A 200 MW battery facility in Pittsburg, California, under development.

LeConte Energy Storage: A 125 MW battery facility in Calexico, California, under development.

Lava Ridge Wind Farm: A proposed wind project in Idaho, developed through the subsidiary Magic Valley Energy.

Attentive Energy One: A proposed offshore wind project off the coast of New York and New Jersey, developed in collaboration with TotalEnergies and Corio Generation.

Technological Platform and Innovation

LS Power distinguishes itself through:

Proprietary Technologies: Development and operation of large-scale energy storage solutions, including both pumped storage hydropower and lithium-ion battery storage facilities.

Scientific Methods: Utilization of advanced energy management systems and grid optimization algorithms to enhance the efficiency and reliability of energy distribution.

AI-Driven Capabilities: Implementation of artificial intelligence and machine learning techniques to predict energy demand, optimize storage utilization, and improve grid stability.

Leadership Team

Paul Segal: Chief Executive Officer.

Darpan Kapadia: Chief Operating Officer.

David Nanus: President, LS Power Equity Advisors.

Paul Thessen: President, LS Power Development.

Nate Hanson: President, LS Power Generation.

John King: Executive Vice President, Project Development.

Richard Roloff: Chief Financial Officer.

John Staikos: General Counsel.

James Bartlett: Vice Chairman.

Joseph Esteves: Vice Chairman.

Ron Fischer: Senior Legal Advisor.

Tom Teles: Executive Vice President & Head of Strategy.

Competitor Profile

Market Insights and Dynamics

The energy infrastructure sector is experiencing significant growth, driven by increasing demand for clean and reliable energy sources. The global power cable market, valued at around $150 billion in 2024, exemplifies this expansion, with numerous companies competing on cost and innovation.

Competitor Analysis

Key competitors in the energy infrastructure sector include:

NRG Energy: A leading integrated power company in the U.S., offering a diverse portfolio of power generation and retail electricity services.

NextEra Energy: A clean energy company with a focus on renewable energy projects and energy storage solutions.

Duke Energy: An electric power holding company with operations in the U.S., focusing on regulated utilities and renewable energy investments.

Southern Company: A gas and electric utility holding company serving the southeastern U.S., with investments in renewable energy and energy storage.

Strategic Collaborations and Partnerships

LS Power has engaged in significant collaborations, including the sale of a 13 GW gas generation portfolio and CPower Energy to NRG Energy for $12 billion in cash and common stock, enhancing its financial position and strategic focus.

Operational Insights

LS Power's strategic considerations include maintaining a competitive edge through continuous innovation, managing pricing pressures, and navigating the complex regulatory landscape of the energy sector. The company's diverse portfolio and focus on renewable energy and energy storage position it favorably in the evolving market.

Strategic Opportunities and Future Directions

LS Power's strategic roadmap involves expanding its renewable energy and energy storage projects, enhancing grid reliability, and investing in technologies that support the energy transition. The company's strengths in large-scale energy storage and transmission infrastructure provide a solid foundation for achieving these objectives.