sPower
sPower, headquartered in Salt Lake City with offices in San Francisco, Long Beach and New York City, is a leading independent power producer (IPP) which owns and/or operates more than 150 utility and distributed electrical generation systems across the US. With 13.0GW between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States. Federal and state governmental regulations mandate that a portion of each utility company`s energy portfolio comes from renewable sources. At the same time, consumers continue to demand sustainable energy options at competitive rates without compromising reliability.
Company details
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- Business Type:
- Manufacturer
- Industry Type:
- Energy Utilities
- Market Focus:
- Nationally (across the country)
About us
Purpose
To provide economically and environmentally responsible energy.
- Points of Differentiation
- History of delivering on what we promise – we do what we say we’ll do.
- Passionate, nimble, entrepreneurial and action-oriented.
- Strong bank and industry relationships, credibility.
Operating Strategy
Sourcing
- Disciplined and decisive.
- Organic origination, development partners, selective participation in auctions.
- Early financial gating process, term sheet exclusivity.
Due Diligence
- Land and title; permitting and environmental; interconnection; PPA; EPC.
Rigorous Investment Approval Process
- Weekly Investment Committee decisions.
Construction
- Diligent procurement, construction management, quality assurance.
Operations
- 150+ operating projects, dedicated team/systems, O&M services
Financing
- Sourcing tax equity and back leverage; experienced and trusted team.
Corporate Responsibility
Doing what is right for our community partners, our investors, our employees and our environment is fundamental to sPower’s success.
Community Partners: sPower strives to be good, responsible neighbors and wants to nurture long-term relationships with local communities that host our renewable projects. sPower’s measured approach prioritizes the needs of local communities, landowners and investors without compromising the interests of utility companies and rate payers. Sustainable Job Creators: Through our experience in building and operating renewable energy projects, sPower has learned how to carefully protect the environment while creating sustainable, local jobs.
Core Values
- Provide value-driven sustainable project solutions.
- Deliver high quality projects.
- Work as a multidisciplinary, extremely experienced team with a holistic view of energy projects.
- Commit to demonstrating honesty and transparency in all business activities.
Careers
sPower has built a cohesive team of exceptionally talented, passionate and dedicated individuals with deep functional expertise. We strive to attract outstanding professionals who share our commitment to and passion for delivering quality renewable energy solutions.
Utility Energy
sPower's Utility Energy Division is focused on generating power for electric utility companies in the United States. These major power providers are regulated by state governments, many of which mandate that a portion of each utility company's energy portfolio comes from renewable sources. To help utilities meet these renewable energy requirements, sPower develops, owns and operates generation facilities, including solar, wind, hydro and biomass projects, and sells the electricity and other environmental attributes to utilities. To accomplish this sPower:
- Invests in late-stage projects developed by greenfield developers
- Partners with technology and equipment manufacturers
- Engages in greenfield development in targeted markets and with targeted utility programs
- Provides financing for development, construction and long-term operations
- Owns and operate projects and maintains quality assests for its customers
As an experienced, full-cycle renewables developer and energy generation company, sPower believes in building strong relationships. Our seasoned team works closely with landowner partners to understand and achieve customized, individual needs. We communicate and work closely with landowners from the beginning stages of site discussions to completion of the development.
sPower is a proven leader in sustainable energy with the capabilities to expeditiously address issues – and the commitment to find the best solutions. Established relationships with county jurisdictions mean we are able to move quickly through the process of getting permits and environmental approvals; through all phases of construction; and through obtaining interconnectivity for each project.
Our renewable energy projects are designed to afford minimal disruption to the land. We are continuously searching for new, innovative and entrepreneurial ideas to achieve the mutual goal of turning unused property into a clean energy asset for partner communities.