Global Infrastructure SherpaCalpine
Calpine Corporation is a leading independent power producer (IPP) in the United States, operating a diverse fleet of natural gas-fired, geothermal, and renewable energy power plants. The company focuses on providing reliable, cost-effective, and environmentally responsible electricity to wholesale and retail customers, including utilities, municipalities, and large commercial and industrial users, with a strategic emphasis on energy transition and grid reliability.
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Independent Power Producer (IPP)OperatorDeveloperAsset Manager
Strategic Overview
- Calpine is strategically positioned to support grid reliability and decarbonization efforts in key U.S. markets.
- The company is expanding its portfolio beyond traditional natural gas and geothermal to include significant investments in battery storage and renewable energy integration.
- Calpine actively provides energy solutions for large commercial and industrial customers, including data centers, emphasizing flexible and reliable power supply.
Deal History (1)
Deal Activity from Public Sources
Calpine announced plans to develop the Nova Power Bank, a 600 MW battery storage project in California.
Calpine announced the expansion of its Geysers geothermal facility with a new 46 MW unit (Geysers Unit 19).
Calpine announced a long-term power purchase agreement (PPA) with Microsoft for renewable energy from its portfolio.
Calpine announced the commercial operation of its Santa Ana Energy Center, a 275 MW combined-cycle natural gas plant in California.
Investment Focus
Technologies
Other1
Geography
US1
Key People
Thad Hill
Chief Executive Officer
Zamir Rauf
Chief Financial Officer
W. Andrew Schroeder
Chief Operating Officer
Todd Thornton
Executive Vice President, Commercial Operations
Caleb Stephenson
Executive Vice President, Power Operations
Track Record
25,000
MW Total
40
Years Active
Notable projects: The Geysers Geothermal Complex, Sutter Energy Center, Panda Sherman Power Project
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage