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NRG Energy Completes Acquisition of 13 GW of Power Generation and C&I VPP Portfolio from LS Power

  • NRG Energy completed its acquisition of a portfolio of generation assets and CPower from LS Power.
  • The transaction includes 18 natural-gas-fired facilities with approximately 13 GW of capacity plus CPower's commercial & industrial virtual power plant platform.
  • NRG's total generation fleet now reaches approximately 25 GW, effectively doubling its previous capacity.
  • The deal enhances NRG's ability to provide affordable energy & grid reliability for residential, commercial, & large load customers amid rising energy demand.
  • CEO Larry Coben stated the acquisition allows NRG to respond to the power demand supercycle & serve its eight million daily customers with a broader range of solutions.