CPower

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Energy

Location United States

Business Description

CPower Energy, headquartered in Baltimore, Maryland, operates a commercial and industrial (C&I) virtual power plant platform that enrolls businesses in demand response and energy flexibility programs across all deregulated U.S. electricity markets.

CPower manages 6.7 gigawatts of distributed energy resource (DER) capacity at more than 27,000 customer sites nationally, and has delivered $1.4 billion in grid revenue to enrolled customers since 2015. That portfolio spans data centers, crypto mining operations, healthcare systems, universities, retailers, real estate portfolios, and industrial manufacturers. CPower enrolls facilities in demand response programs administered by regional ISOs and RTOs including PJM, MISO, NYISO, ERCOT, and CAISO, designing automated curtailment strategies calibrated to each sector's operational schedules and profitability thresholds.

CPower CONNECT, CPower's proprietary software platform, provides customers with a centralized interface to view enrolled assets, track earnings, and monitor compliance across multiple programs simultaneously. Beyond demand-only curtailment, CPower also aggregates behind-the-meter battery storage and backup generator capacity into its VPP portfolio, dispatching those resources alongside load curtailment during grid stress events. The Connecticut Green Bank recognized CPower as an Energy Storage Solutions Top Performer for two consecutive years.

Crypto mining is an actively marketed vertical. CPower won an Environment + Energy Leader Project of the Year award for its demand response program with Digihost, in which the miner avoided approximately 150 metric tons of marginal CO2 through 29 hours of grid curtailment. CPower has also published a case study with Blockfusion, another mining operator. Because mining hardware can shed megawatts within seconds and resume at full draw almost immediately, CPower positions miners as premium demand response assets to ISOs: response profiles most commercial customers cannot replicate. CPower has also partnered with EnergyHub on a residential VPP for Ameren customers, extending its aggregation model beyond C&I.

CPower traces its corporate lineage to Enerwise Global Technologies, which operated under the CPower trade name after H.I.G. Capital acquired the business. LS Power completed its acquisition of CPower in December 2018. Under LS Power, managed capacity expanded from 4.3 GW across roughly 11,000 sites in 2021 to 6.3 GW at more than 17,000 sites in 2023, before reaching the current 6.7 GW / 27,000-site footprint. In January 2026, NRG Energy announced a roughly $12 billion transaction with LS Power that bundled CPower alongside approximately 13 GW of natural-gas-fired generation; NRG subsequently completed the deal and stated that CPower's programs and brand would continue unchanged.

CPower's enrolled customers collectively delivered more than 12,000 MWh of grid support during record summer peak conditions. CPower has reported that its customers' participation reduced 375,000 metric tons of CO2 in a single year by displacing peaker plant output, with overall load relief across its VPP portfolio reported to have more than doubled to 38 GWh.

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