Guzman Energy
Guzman Energy is a Denver-based, FERC-authorized wholesale power provider supplying electric cooperatives, municipalities, tribal nations, healthcare systems, and large C&I customers under long-term fixed-rate contracts across the Western and Southeastern United States.
- Company typePrivate
- Founded2013
- HeadquartersDenver, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Guzman Energy does
Guzman Energy is a private wholesale power provider founded in 2013 and headquartered in Denver, Colorado. The company procures and supplies electricity on a wholesale basis to electric cooperatives, municipalities, tribal nations, healthcare systems, and large commercial/industrial customers in the Western and Southeastern United States, with a customer roster of approximately 15 wholesale accounts as of 2024. Its core offering combines capacity, energy, transmission management, and renewable energy credit (REC) administration delivered under fixed-rate contracts that typically run 15-20 years. The company holds Federal Energy Regulatory Commission (FERC) Market Based Rate authority, which permits it to buy and sell power at competitive market prices and underwrite resource adequacy obligations for customers.
Guzman does not own generation assets outright; instead, it secures long-term offtake from renewable and conventional developers and integrates supply, scheduling, and transmission rights into a unified portfolio. The company operates an internal trading platform called Aegis for market submissions, real-time trading, transmission optimization, and data capture, and uses PLEXOS for contract structuring, pricing, and resource planning. Renewable supply partners include BlackRock-owned National Renewable Solutions (Shallow Basket, 190 MW), Brookfield-owned Luminace (Amalia II, 8.75 MW solar + 17.5 MWh storage), NextEra Energy Resources (Bronco Plains II, 200 MW wind), and Alluvial Power (Garnet Mesa, 80 MW agrivoltaic). Operational offices are located in Denver and Birmingham, Alabama.
Guzman generates revenue primarily through long-term fixed-price wholesale supply contracts, supplemented by transaction-based REC sales and professional services such as financial transmission rights trading. The company has raised approximately $130 million of equity from Vision Ridge Capital Partners and Zoma Capital, and secured an $80 million revolving credit facility from BciCapital in July 2025. Management is led by co-founders Christopher Miller (CEO) and Leo Guzman, with John Foster serving as Executive Chairman and Michael Ott as CFO.
Guzman Energy firmographics
Firmographics- Name
- Guzman Energy
- Legal name
- Guzman Energy
- Website
- https://guzmanenergy.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Guzman Energy is a Denver-based, FERC-authorized wholesale power provider supplying electric cooperatives, municipalities, tribal nations, healthcare systems, and large C&I customers under long-term fixed-rate contracts across the Western and Southeastern United States.
- Ownership category
- akta.pro rank
Guzman Energy industry classification
Industry- Product category
- Wholesale Power Supply
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Utilities (22)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE)
- akta.pro secondary industries
- Supplier Tendering / RFP Management & Contract Negotiation Services (EUAGAEAE), Market Access & Exchange Participation (ISO/RTO Registration, Memberships, Trading Enablement) (EUAMAMAB)
Keywords
Where Guzman Energy is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Guzman Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Wholesale Power Supply: Guzman Energy provides wholesale power supply services including capacity, energy, transmission management, and renewable attributes to cooperatives, municipalities, companies, and tribes. Revenue is generated through long-term fixed-rate contracts, typically 15-20 years in duration. The company does not own generation facilities outright but secures long-term rights to wind and solar energy through strategic power purchase agreements.
- Renewable Energy Credits (RECs) Management: As part of ongoing power supply portfolio management, qualifying power generation resources produce renewable energy credits. RECs can be retired on behalf of wholesale customers to satisfy contractual or regulatory obligations. Remaining RECs with full ownership and reporting rights can be transferred to third parties through bilateral sales.
- Transmission Management Services: The company provides transmission management and congestion risk management services, including financial transmission rights (FTR) trading across multiple markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Long-term fixed-rate wholesale power contracts (15-20 years) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Guzman Energy product offering
Product offeringCore offering
Guzman Energy delivers wholesale electricity supply to electric cooperatives, municipalities, tribal nations, healthcare systems, and large commercial/industrial customers through customized fixed-rate long-term contracts (typically 15–20 years). The offering bundles capacity, energy, transmission management, and renewable energy credit (REC) management into a single full-service wholesale power solution that enables customers to exit legacy generation-and-transmission suppliers and develop local renewable generation. Revenue is generated primarily through recurring wholesale supply fees, with ancillary services in energy scheduling, dispatch optimization, real-time trading, and REC monetization.
Product overview
Guzman Energy operates as a wholesale power provider offering a unified suite of services rather than discrete software products. The core offering centers on wholesale power supply and energy management services, including capacity, energy, transmission management, and renewable attributes through customized power purchase agreements. The company serves as a full-service partner providing fixed-rate contracts, power scheduling, dispatch optimization, and REC management. While Guzman Energy does not manufacture physical products, it leverages its Aegis internal platform for trading operations and partners with renewable energy developers to deliver power to communities across North America.
Differentiator
Problem solved
Functional benefit
Products and services
- Wholesale Power Supply Customized electricity supply for cooperatives, municipalities, companies, and tribes, bundling capacity, energy, transmission management, and renewable attributes under fixed-rate long-term contracts (15–20 years) delivered across multiple U.S. ISO/RTO markets.
- Power Purchase Agreements (PPAs) Long-term contracts for purchasing power generation from renewable and conventional energy projects, enabling fixed-rate structures, price certainty, and renewable attribute bundling for wholesale customers.
- Energy Management Services Day-ahead scheduling, dispatch optimization, real-time trading, and multi-market integration services delivered to wholesale customers across multiple U.S. power markets and transmission systems.
- Renewable Energy Credit (REC) Management Management of renewable energy credits produced by qualifying generation resources, including retirement on behalf of wholesale customers to satisfy contractual or regulatory obligations and bilateral transfer of remaining RECs to third parties.
- Transmission Management Services managing transmission system access, congestion risk, and financial transmission rights (FTR) trading across multiple U.S. power markets on behalf of wholesale customers.
Quantifiable outcome
- Kit Carson Electric Cooperative saved an estimated $150-170 million over the Guzman Energy contract lifetime
- +4 more outcomes
Companies that use Guzman Energy
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Guzman Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Guzman Energy partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major, core and flagship.
- Alluvial PowermajorAlluvial Power developed, owns, and operates the 80 MW Garnet Mesa agrivoltaic solar project in Delta County, Colorado. The project provides power to DMEA and Guzman Energy. Alluvial has significant expertise in energy development, technical engineering, EPC management, and wholesale power procurement.
- NextEra Energy ResourcesmajorNextEra developed, operates, and owns the 200 MW Bronco Plains II Energy Center wind facility in Kit Carson County, Colorado. Guzman Energy and Holy Cross Energy share offtake of renewable power generated by the facility.
- LuminacemajorLuminace developed Amalia II solar array with 8.75 MW / 17.5 MWh battery storage for Kit Carson Electric Cooperative. Luminace is a North American distributed energy business owned by Brookfield and leading provider of decarbonization-as-a-service solutions managing approximately 1,400 MW of operating distributed energy resources.
- National Renewable Solutions (NRS)coreNRS developed and operates the 140 MW Shallow Basket Solar + 50 MW battery storage project on Jicarilla Apache Nation land. Guzman Energy purchases 100% of power and associated renewable attributes. NRS is owned by BlackRock and has over 4 GW of renewable projects in development.
- Delta-Montrose Electric Association (DMEA)corePartnership since 2020. DMEA is a member-owned rural electric cooperative serving approximately 29,000 members in Montrose and Delta counties. Partnership enabled $2.7 million savings in first six months, 5 consecutive years of stable rates, and development of Garnet Mesa solar project.
- Kit Carson Electric Cooperative (KCEC)flagshipFlagship partnership since 2016. KCEC is a member-owned distribution cooperative serving nearly 30,000 members in northern New Mexico. Partnership enabled $150-170 million in savings, 100% daytime solar achievement, and approximately 50 MW of local solar plus storage.
- FERC (Federal Energy Regulatory Commission)coreFERC has granted Guzman Energy authority to sell power at Market Based Rates, authorizing Guzman to buy and sell at prices governed by competition. Guzman maintains resource adequacy compliance and operates within FERC-regulated transmission systems.
- Holy Cross EnergycorePartnership since 2019. Holy Cross Energy is a not-for-profit rural electric co-op serving 45,000 members in western Colorado. Through the partnership, HCE doubled clean energy in portfolio while avoiding more than $30 million in power supply costs over 5 years.
- Jicarilla Apache NationcoreShallow Basket Energy project is located on Jicarilla Apache Nation land. Nation benefits from power produced through wholesale supply agreement with Guzman Energy. Project represents step toward energy sovereignty and economic self-determination for the tribe.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Guzman Energy competitors and assessment
Company assessmentBroad incumbents
- Vitol: Vitol is one of the world's largest independent energy traders, with substantial North American power marketing activities. Comparable to Guzman as a wholesale energy supplier, but vastly larger and more diversified across multiple commodities and geographies.
- Constellation Energy: Constellation Energy is the largest U.S. competitive wholesale power generator and supplier following its separation from Exelon. Comparable to Guzman as a wholesale power supplier, but operates at much larger scale across PJM and other major markets.
- Vistra Corp: Vistra is one of the largest U.S. independent power producers and competitive retail electricity suppliers. Comparable to Guzman for its wholesale power marketing and retail supply activities, though with a much larger generation footprint and broader geographic reach.
- NextEra Energy Resources: NextEra Energy Resources is the largest U.S. renewable energy generator and a major wholesale power supplier. It is both a strategic partner to Guzman (Bronco Plains II wind project) and a broad incumbent competing for the same cooperative supply RFPs.
Direct peers
- EDF Trading: EDF Trading is the energy trading arm of EDF Group and a major wholesale power and gas trader in North American markets. Comparable to Guzman for its asset-light wholesale power supply and trading operations; Guzman personnel have previously worked at EDF Trading and EDF Renewables.
- Macquarie Energy: Macquarie Energy is a major physical and financial energy trader and wholesale supplier in North America. Comparable to Guzman for its energy trading, marketing, and structured wholesale supply offerings, though operating at significantly larger scale and broader geographic scope.
- Mercuria Energy Trading: Mercuria is a global energy commodities trading firm with a substantial North American power and natural gas business. Comparable to Guzman for its role as a wholesale energy intermediary providing supply, trading, and risk management services to utilities and large end-users.
- Twin Eagle Resource Management: Twin Eagle is a North American wholesale energy marketing and trading firm focused on natural gas, power, and crude. Directly comparable to Guzman in its wholesale power marketing business model; Guzman's Founding Managing Director Jeffrey Heit previously served as Senior VP of Origination at Twin Eagle.
- Tenaska: Tenaska is one of the largest independent power marketers in North America, providing energy management and wholesale power supply to utilities and large customers. It is directly comparable to Guzman Energy in its focus on wholesale power marketing, asset-light energy management, and serving cooperative/municipal customers.
Emerging players
- Onward Energy: Onward Energy is an independent power producer formed from the merger of Southwest Generation and Novatus. Comparable to Guzman as an independent power and energy platform; Guzman's Executive Chairman John Foster led Southwest Generation and Onward Energy, creating direct leadership overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Guzman Energy social profiles
Digital presenceGuzman Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Guzman Energy leadership team
Management profileNumber of profiles
Profiles15 records
Guzman Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Guzman Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Guzman Energy
What does Guzman Energy do?
Guzman Energy delivers wholesale electricity supply to electric cooperatives, municipalities, tribal nations, healthcare systems, and large commercial/industrial customers through customized fixed-rate long-term contracts (typically 15–20 years). The offering bundles capacity, energy, transmission management, and renewable energy credit (REC) management into a single full-service wholesale power solution that enables customers to exit legacy generation-and-transmission suppliers and develop local renewable generation. Revenue is generated primarily through recurring wholesale supply fees, with ancillary services in energy scheduling, dispatch optimization, real-time trading, and REC monetization.
Is Guzman Energy a public or private company?
Guzman Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Guzman Energy founded?
Guzman Energy was founded in 2013. It employs 51 to 100 people.
Where is Guzman Energy based?
Guzman Energy is headquartered in Denver, United States, in the North America region.
How does Guzman Energy make money?
Three revenue lines are on record. Wholesale Power Supply is the primary driver. The others are renewable Energy Credits (RECs) Management and transmission Management Services.
Who are Guzman Energy's main competitors?
Broad incumbents on record are Vitol, Constellation Energy, Vistra Corp and NextEra Energy Resources. Direct peers are EDF Trading, Macquarie Energy, Mercuria Energy Trading, Twin Eagle Resource Management and Tenaska. Onward Energy is listed as an emerging player.
Does Guzman Energy have an API?
No public API is recorded for Guzman Energy.
What industry is Guzman Energy in?
Guzman Energy's product category is Wholesale Power Supply. Its primary akta.pro industry code is EUAGACAE, C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs), with a secondary code of EUAGAEAE, Supplier Tendering / RFP Management & Contract Negotiation Services. Its NAICS code is 2211 and its SIC code is 4911.