Deals Counterparts

Calpine Corporation

company 1 Deal 1 Partner

Calpine Corporation is a leading independent power producer in the United States, operating a fleet of over 25 GW of natural gas-fired and geothermal power plants. The company provides electricity to utilities, municipalities, and industrial customers across North America, focusing on reliable and efficient power generation.

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Founded 1984 Parent: Energy Capital Partners (and consortium including Access Industries and APG)
Independent Power ProducerOperatorDeveloperInvestor

Strategic Overview

  • Focus on highly efficient natural gas combined-cycle technology for reliable baseload and dispatchable power.
  • Significant investment and expertise in geothermal energy, operating the world's largest geothermal complex.
  • Strategic expansion into energy storage solutions to enhance grid flexibility and complement existing generation.
  • Serves competitive wholesale power markets across various regions of the United States.

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Investment Focus

Technologies
Data Center1
Geography
United States1

Key People

Thad Hill
President & CEO
Zamir Rauf
CFO

Track Record

25,000
MW Total
40
Years Active
Notable projects: The Geysers Geothermal Complex, Freestone Energy Center, Panda Sherman Power Project

Detailed Analysis

Technologies
Natural GasGeothermalBattery StorageSolar PVOnshore Wind
Sectors
UtilitiesEnergy Transition
Geographies
United StatesNorth America
Deal Stage
OperatingBrownfieldGreenfield

Subsidiaries

Calpine Energy SolutionsCalpine Retail Holdings, LLC

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