sPower
sPower is a Salt Lake City-based independent power producer founded in 2012 that owns and operates utility-scale and distributed electrical generation assets, financed through large-scale project debt and institutional equity from AES and AIMCo.
- Company typePrivate
- Founded2012
- HeadquartersSalt Lake City, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
sPower firmographics
Firmographics- Name
- sPower
- Website
- https://spower.com
- Company type
- Private
- Founded year
- 2012
- Headcount range
- 101–250 employees
- Short description
- sPower is a Salt Lake City-based independent power producer founded in 2012 that owns and operates utility-scale and distributed electrical generation assets, financed through large-scale project debt and institutional equity from AES and AIMCo.
- Ownership category
- akta.pro rank
sPower industry classification
Industry- Product category
- Independent Power Producer / Renewable Energy Generation
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB)
- akta.pro secondary industries
- Backup & Resilience Power Systems (Standby Generators, Critical Facilities) (EUACALAG), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)
Keywords
Where sPower is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
sPower business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Others
sPower product offering
Product offeringCore offering
sPower is an independent power producer (IPP) that owns, develops, and operates utility-scale and distributed electrical generation systems. The company generates electricity primarily from renewable sources (solar and wind) and sells that power under long-term contracts to utility off-takers, municipalities, and commercial customers across the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Power Generation
- Distributed Generation Systems
Companies that use sPower
Customer profileIdeal customer profiles1 record
sPower technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
sPower competitors and assessment
Company assessmentDirect peers
- AES Clean Energy: AES Clean Energy is AES' U.S. utility-scale renewables platform that has absorbed sPower's operations. It is the most direct comparable — same parent, overlapping solar, wind, and storage development pipeline, and shared offtake relationships.
- Invenergy: Invenergy is one of the largest privately held U.S. renewable energy developers and operators with utility-scale solar, wind, and storage projects. It competes head-to-head with sPower for interconnection, offtake, and project finance capacity.
- Clearway Energy Group: Clearway operates a sizable portfolio of utility-scale wind and solar assets across the U.S. It is a direct peer in terms of asset class, offtake structure, and dependence on tax-equity and project finance markets.
- EDF Renewables North America: EDF Renewables develops, builds, and operates utility-scale renewable and storage projects in North America, closely matching sPower's IPP business model and project financing profile.
- Avantus (formerly 8minute Solar Energy): Avantus is a large-scale U.S. solar and storage developer with a deep pipeline of utility-scale projects. It competes directly with sPower in CAISO and Western U.S. interconnection queues.
- Lightsource bp: Lightsource bp is a global solar developer and IPP with significant U.S. utility-scale project activity. It is directly comparable in technology focus (solar) and IPP project finance model.
- Hecate Energy: Hecate Energy is a U.S.-focused renewable energy developer with significant solar and storage project development. It competes with sPower for utility-scale project development, particularly in MISO and Eastern U.S. markets.
Broad incumbents
- NextEra Energy Resources: NextEra Energy Resources is the largest U.S. renewable energy operator and a far larger incumbent in utility-scale wind, solar, and storage. It is broadly comparable as an IPP competitor and benchmark for capital cost.
- Engie North America: Engie North America operates utility-scale renewables and distributed generation assets across multiple technologies. It is comparable to sPower in asset class and customer base but is part of a much broader global utility portfolio.
- AEP Renewables: AEP Renewables is the renewable generation arm of American Electric Power and develops/operates utility-scale wind, solar, and storage. It is comparable to sPower in asset class but operates within a larger incumbent utility ecosystem.
Market position
Customer concentration
sPower social profiles
Digital presencesPower financial estimates
Financial estimateRevenue estimate
Valuation estimate
sPower leadership team
Management profileNumber of profiles
Profiles3 records
sPower funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
sPower 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 sPower
What does sPower do?
sPower is an independent power producer (IPP) that owns, develops, and operates utility-scale and distributed electrical generation systems. The company generates electricity primarily from renewable sources (solar and wind) and sells that power under long-term contracts to utility off-takers, municipalities, and commercial customers across the United States.
When was sPower founded?
sPower was founded in 2012. It employs 101 to 250 people.
Where is sPower based?
sPower is headquartered in Salt Lake City, United States, in the North America region.
Who are sPower's main competitors?
Direct peers on record are AES Clean Energy, Invenergy, Clearway Energy Group, EDF Renewables North America, Avantus (formerly 8minute Solar Energy), Lightsource bp and Hecate Energy. Broad incumbents are NextEra Energy Resources, Engie North America and AEP Renewables.
Does sPower have an API?
No public API is recorded for sPower.
What industry is sPower in?
sPower's product category is Independent Power Producer / Renewable Energy Generation. Its primary akta.pro industry code is EUAMAAAB, Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations), with a secondary code of EUACALAG, Backup & Resilience Power Systems (Standby Generators, Critical Facilities). Its NAICS code is 2211 and its SIC code is 4991.