NRG Energy Inc. acquires portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power
Type: Acquisition · Technology: Gas, Other · Country: United States · Value: $12B · Announced: 2025-05-12
NRG Energy Inc. agreed to acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power in a cash and common stock transaction valued at approximately $12.0 billion enterprise value, expected to close in Q1 2026.
Counterparties
- LS Power Equity Advisors, LLC (Seller)
- NRG Energy, Inc (Buyer)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.