LS Power, a recognized leader in the North American energy infrastructure sector, announces the creation of Lightning Power, an independent power producer (IPP) dedicated to the generation of energy from natural gas.
This new structure brings together 18 power plants, offering a total installed capacity of 11 GW, mainly located in the PJM, ISO-NE and NYISO markets, covering a key region of the northeastern United States.
The strategy behind Lightning Power is based on the need to respond quickly to fluctuations in the energy market.
With demand accelerating due to the growth of data centers, increasing electrification and the return of industrial production to American soil, Lightning Power is positioning itself as an indispensable asset in guaranteeing a stable and reliable power supply.
The choice of natural gas as the main source meets an urgent need for flexibility and rapid start-up capacity, essential for balancing supply and demand on energy networks.
Strategic asset consolidation
LS Power has methodically consolidated Lightning Power’s assets to form a diversified portfolio of natural gas-fired power plants.
This strategic combination maximizes operational efficiency while meeting the economic imperatives of today’s energy sector.
Lightning Power’s assets, characterized by their cost-competitiveness and performance, are essential to support a progressive energy transition while ensuring continuity and security of supply.
Since its creation in 1990, LS Power has demonstrated its expertise in the development and management of large-scale energy assets.
Lightning Power is part of this continuity, reinforcing the company’s ability to provide reliable power to support the country’s critical infrastructure.
LS Power’s diversified approach, combining renewable and thermal energy, ensures optimal coverage of current and future energy needs.
Solid financial foundations to support growth
In parallel with the creation of Lightning Power, LS Power raised $3.25 billion through debt financing, backed by strong credit ratings.
A $600 million revolving line of credit was also put in place, guaranteeing the financial flexibility required to meet immediate and future operational needs.
This fund-raising reinforces Lightning Power’s ability to invest in additional infrastructure and position itself favorably in a constantly evolving market.
Lightning Power’s business model is based on efficient, low-cost assets, supported by rigorous financial management.
This framework ensures not only short-term profitability but also long-term sustainability, in an environment where energy demand continues to grow.
LS Power, through Lightning Power, is thus asserting its leadership position in a sector where reliability and responsiveness are major issues.
