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Broad Reach Power

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uuid0004pua

Namestring
Broad Reach Power
Legal namestring
Broad Reach Power
Websiteurl
broadreachpower.com
Company typeenum
Private
Founded yearint
2019
Short descriptiontext

Broad Reach Power is a Houston-based independent power producer developing and operating utility-scale standalone battery energy storage systems and renewable projects in the ERCOT and CAISO wholesale markets, serving electric utilities and energy-trading counterparties.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
battery energy storage, utility-scale storage, grid services, energy storage development, renewable energy integration
Industry5 codes
1Utility-Scale BESS Project Development & Ownership (IPP/Developer)
CodeEUAFAAAAPrimaryYes
2Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation)
CodeEUAFALAJPrimaryNo
3Utility-Scale BESS EPC & Integration
CodeEUAEAEAAPrimaryNo
4BESS Operations, Maintenance & Asset Performance Management (APM)
CodeEUAFAAAGPrimaryNo
5BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage)
CodeEUAFAAALPrimaryNo
NAICS code2 codes
  • Electric Power Generation22111
  • Electric Power Generation, Transmission and Distribution2211
SIC code1 code
  • Electric Services4911
Product category
Battery Energy Storage Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Energy Trading
TypeUsage Based
Description

Revenue generation from participating in wholesale energy markets through battery storage assets, buying low and selling high during peak demand periods.

energy-storage.news
2Utility Contracts
TypeSubscription Recurring
Description

Long-term contracts with utilities for grid services including capacity, frequency regulation, and resource adequacy.

energy-storage.news
Cost components5 values
Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Broad Reach Power is an independent power producer that develops, constructs, and operates utility-scale standalone Battery Energy Storage Systems (BESS) in the CAISO (California) and ERCOT (Texas) wholesale electricity markets. The company monetizes its storage assets through energy trading (arbitrage) and long-term utility contracts for grid services including capacity, frequency regulation, and resource adequacy. It also holds a 21 GW pipeline portfolio of wind, solar, and storage projects across the United States.

Differentiator
Functional benefit
Problem solved
Product and service2 records
1Battery Energy Storage Systems (BESS)
CategoryEnergy Storage
Description

Utility-scale battery energy storage systems providing grid reliability services and facilitating renewable energy integration; standalone storage systems (not co-located with solar or wind) serving energy trading and utility contract revenue streams. Target customers are electric utilities in CAISO and ERCOT markets.

2Wind and Solar Development Portfolio
CategoryRenewable Energy Development
Description

A 21 gigawatt development portfolio of wind, solar, and energy storage projects across the United States, with approximately 1.4 gigawatt hours of energy storage currently owned or under construction. Serves as a pipeline for future utility-scale renewable and storage project deployment.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Peers10 records
1Engie North America
TypeOthers
Description

Acquirer of Broad Reach Power and a major global developer of renewable energy and battery storage; directly comparable as the parent entity post-acquisition and the most strategic peer for assessing combined platform scale.

2Key Capture Energy
TypeDirect peer
Description

Independent developer of utility-scale standalone battery storage in the US with projects in multiple ISOs, addressing the same energy arbitrage, ancillary services, and capacity markets as Broad Reach Power.

3LS Power
TypeBroad incumbent
Description

Large-scale independent power producer and developer with significant battery storage and renewable energy assets across multiple US markets, offering broader portfolio breadth than Broad Reach Power but with direct overlap in BESS development.

4Vistra Corp
TypeBroad incumbent
Description

Large US independent power producer operating in ERCOT and other markets with a growing utility-scale battery storage portfolio; competes with Broad Reach in ERCOT for ancillary services and capacity revenues.

5Plus Power
TypeDirect peer
Description

Standalone grid-scale battery energy storage developer and operator focused on ERCOT, CAISO and other ISOs, competing directly with Broad Reach in the same wholesale market revenue streams.

6Form Energy
TypeEmerging player
Description

Developer of long-duration battery storage systems for utility-scale applications, an emerging adjacent technology to Broad Reach's lithium-ion BESS that addresses similar grid reliability and renewable integration use cases.

7Eolian L.P.
TypeDirect peer
Description

Independent developer and operator of utility-scale energy storage projects across multiple US ISOs, directly comparable in business model and asset class to Broad Reach Power's standalone BESS focus.

8Terra-Gen
TypeDirect peer
Description

Developer and operator of utility-scale renewable energy and battery storage projects in the US, including significant California assets, with overlapping customer base and similar wholesale-market revenue model.

9Jupiter Power
TypeDirect peer
Description

Independent developer and operator of utility-scale standalone battery energy storage projects across ERCOT and other US markets, closely overlapping Broad Reach Power's product category, customer base, and revenue model.

10EDF Renewables North America
TypeBroad incumbent
Description

Subsidiary of a global utility developing utility-scale renewable and battery storage projects in the US, providing comparable product offerings and customer profile, but at much larger scale.

Market position
Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Broad Reach Power

Battery Energy Storage Servicesbroadreachpower.com

Broad Reach Power is a Houston-based independent power producer developing and operating utility-scale standalone battery energy storage systems and renewable projects in the ERCOT and CAISO wholesale markets, serving electric utilities and energy-trading counterparties.

Broad Reach Power firmographics

Firmographics
Name
Broad Reach Power
Legal name
Broad Reach Power
Website
https://broadreachpower.com
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
51–100 employees
Short description
Broad Reach Power is a Houston-based independent power producer developing and operating utility-scale standalone battery energy storage systems and renewable projects in the ERCOT and CAISO wholesale markets, serving electric utilities and energy-trading counterparties.
Ownership category
akta.pro rank

Broad Reach Power industry classification

Industry
Product category
Battery Energy Storage Services
NAICS
Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
SIC
Electric Services (4911)
akta.pro primary industry
Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
akta.pro secondary industries
Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation) (EUAFALAJ), Utility-Scale BESS EPC & Integration (EUAEAEAA), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL)

Keywords

  • Battery energy storage
  • Utility-scale storage
  • Grid services
  • Energy storage development
  • Renewable energy integration

Where Broad Reach Power is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Broad Reach Power business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

  1. Energy Trading: Revenue generation from participating in wholesale energy markets through battery storage assets, buying low and selling high during peak demand periods.
  2. Utility Contracts: Long-term contracts with utilities for grid services including capacity, frequency regulation, and resource adequacy.

Go-to-market motion1 record

Broad Reach Power product offering

Product offering

Core offering

Broad Reach Power is an independent power producer that develops, constructs, and operates utility-scale standalone Battery Energy Storage Systems (BESS) in the CAISO (California) and ERCOT (Texas) wholesale electricity markets. The company monetizes its storage assets through energy trading (arbitrage) and long-term utility contracts for grid services including capacity, frequency regulation, and resource adequacy. It also holds a 21 GW pipeline portfolio of wind, solar, and storage projects across the United States.

Differentiator

Problem solved

Functional benefit

Products and services

  • Battery Energy Storage Systems (BESS) Utility-scale battery energy storage systems providing grid reliability services and facilitating renewable energy integration; standalone storage systems (not co-located with solar or wind) serving energy trading and utility contract revenue streams. Target customers are electric utilities in CAISO and ERCOT markets.
  • Wind and Solar Development Portfolio A 21 gigawatt development portfolio of wind, solar, and energy storage projects across the United States, with approximately 1.4 gigawatt hours of energy storage currently owned or under construction. Serves as a pipeline for future utility-scale renewable and storage project deployment.

Companies that use Broad Reach Power

Customer profile

Segments1 record

Ideal customer profiles1 record

Broad Reach Power technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Broad Reach Power partnerships and signals

Strategic signal

Scale indicators5 records

Broad Reach Power competitors and assessment

Company assessment

Others

  • Engie North America: Acquirer of Broad Reach Power and a major global developer of renewable energy and battery storage; directly comparable as the parent entity post-acquisition and the most strategic peer for assessing combined platform scale.

Direct peers

  • Key Capture Energy: Independent developer of utility-scale standalone battery storage in the US with projects in multiple ISOs, addressing the same energy arbitrage, ancillary services, and capacity markets as Broad Reach Power.
  • Plus Power: Standalone grid-scale battery energy storage developer and operator focused on ERCOT, CAISO and other ISOs, competing directly with Broad Reach in the same wholesale market revenue streams.
  • Eolian L.P. Independent developer and operator of utility-scale energy storage projects across multiple US ISOs, directly comparable in business model and asset class to Broad Reach Power's standalone BESS focus.
  • Terra-Gen: Developer and operator of utility-scale renewable energy and battery storage projects in the US, including significant California assets, with overlapping customer base and similar wholesale-market revenue model.
  • Jupiter Power: Independent developer and operator of utility-scale standalone battery energy storage projects across ERCOT and other US markets, closely overlapping Broad Reach Power's product category, customer base, and revenue model.

Broad incumbents

  • LS Power: Large-scale independent power producer and developer with significant battery storage and renewable energy assets across multiple US markets, offering broader portfolio breadth than Broad Reach Power but with direct overlap in BESS development.
  • Vistra Corp: Large US independent power producer operating in ERCOT and other markets with a growing utility-scale battery storage portfolio; competes with Broad Reach in ERCOT for ancillary services and capacity revenues.
  • EDF Renewables North America: Subsidiary of a global utility developing utility-scale renewable and battery storage projects in the US, providing comparable product offerings and customer profile, but at much larger scale.

Emerging players

  • Form Energy: Developer of long-duration battery storage systems for utility-scale applications, an emerging adjacent technology to Broad Reach's lithium-ion BESS that addresses similar grid reliability and renewable integration use cases.

Market position

Customer concentration

Broad Reach Power social profiles

Digital presence

Broad Reach Power financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Broad Reach Power leadership team

Management profile

Number of profiles

Profiles4 records

Broad Reach Power funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Broad Reach Power M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broad Reach Power

What does Broad Reach Power do?

Broad Reach Power is an independent power producer that develops, constructs, and operates utility-scale standalone Battery Energy Storage Systems (BESS) in the CAISO (California) and ERCOT (Texas) wholesale electricity markets. The company monetizes its storage assets through energy trading (arbitrage) and long-term utility contracts for grid services including capacity, frequency regulation, and resource adequacy. It also holds a 21 GW pipeline portfolio of wind, solar, and storage projects across the United States.

Is Broad Reach Power a public or private company?

Broad Reach Power is a private company. It is classified as private equity controlled and is currently operating.

When was Broad Reach Power founded?

Broad Reach Power was founded in 2019. It employs 51 to 100 people.

Where is Broad Reach Power based?

Broad Reach Power is headquartered in Houston, United States, in the North America region.

How does Broad Reach Power make money?

Two revenue lines are on record. Energy Trading is the primary driver. The others are utility Contracts.

Who are Broad Reach Power's main competitors?

Engie North America is listed as an others. Direct peers are Key Capture Energy, Plus Power, Eolian L.P., Terra-Gen and Jupiter Power. Broad incumbents are LS Power, Vistra Corp and EDF Renewables North America. Form Energy is listed as an emerging player.

Does Broad Reach Power have an API?

No public API is recorded for Broad Reach Power.

What industry is Broad Reach Power in?

Broad Reach Power's product category is Battery Energy Storage Services. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFALAJ, Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation). Its NAICS code is 22111 and its SIC code is 4911.

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Live signals
MercomcapitalENGIE Acquires US-based Battery Storage Firm Broad Reach PowerENGIE, a France-based energy company, announced it will acquire Houston-based battery storage firm Broad Reach Power in a deal facilitated with investments from EnCap Investments and Apollo. The acquisition involves assets of 350 MW operational, 880 MW under construction, and projects totaling 1.7 GW in development, with the goal of reaching 10 GW of battery capacity globally by 2033.FinSMEsEngie Acquires Broad Reach PowerEngie acquired Broad Reach Power, a battery storage company based in Houston, from private equity funds EnCap and Apollo. The deal, amount undisclosed, includes 350MW operating assets and 880MW under construction, with completion expected by Q4 2023. The acquisition supports Engie's goal of 10GW of battery capacity globally by 2030.ENGIE InnovationENGIE accélère dans le stockage par batteries avec l’acquisition de Broad Reach Power aux Etats-UnisENGIE has signed a firm agreement to acquire 100% of Broad Reach Power, a Houston-based battery storage company, from investment funds EnCap and Apollo. The transaction includes 350 MW of operational assets, 880 MW under construction, and significant development pipelines across the United States, supporting ENGIE's goal of reaching 10 GW of global battery capacity by 2030. The deal is expected to close in the fourth quarter of 2023, subject to regulatory approvals.ThemiddlemarketEngie Acquires Broad Reach Power from EnCap, ApolloEngie has acquired Broad Reach Power from EnCap and Apollo, a transaction that includes 350 MW of operational grid-scale battery assets and 880 MW under construction, primarily within the ERCOT territory. This deal represents Engie's expansion into renewable energy infrastructure in Texas. The article contains significant noise from unrelated M&A headlines.ReutersEngie to acquire Texas-based power storage firm Broad Reach PowerFrench energy company Engie announced the acquisition of full ownership of Texas-based Broad Reach Power to expand its global battery infrastructure. The transaction, involving private equity firms EnCap and Apollo, includes operating assets with a capacity of 350 megawatts along with significant under-construction and advanced-stage projects. The deal is expected to close in the fourth quarter of this year.White & Case LLPWhite & Case Advises EnCap Investments on the US$1 Billion Sale of Broad Reach PowerEnCap Investments has agreed to sell the battery storage business of Broad Reach Power to ENGIE for over US$1 billion, with White & Case advising EnCap on the transaction. The acquisition includes 350 MWs of operational grid-scale battery assets and an 880 MW pipeline under construction, primarily in Texas, along with a significant development pipeline.Energy-Storage.NewsBroad Reach Power secures financing for 880MW of ERCOT and CAISO projectsBroad Reach Power secured $435 million in financing to commence construction on 880MW of battery energy storage projects across the ERCOT and CAISO markets, with commercial operations scheduled between late 2023 and early 2024. The financing consortium was led by Deutsche Bank AG, with MUFG Bank Ltd and Norddeutsche Landesbank serving as co-arrangers. This development expands Broad Reach's portfolio, building on its position as a significant operator in the Texas market.Wayback MachineBroad Reach Power Closes $435 Million Financing for 880 MW of Utility-Scale Battery Storage FacilitiesBroad Reach Power has closed a $435 million credit facility to fund the construction of eight battery energy storage projects totaling 880 MW in Texas and California. The financing consortium was led by Deutsche Bank AG, with participation from MUFG Bank Ltd., Norddeutsche Landesbank Girozentrale, and First-Citizens Bank & Trust Company.FacebookExploring energy storage for grid innovationMeta, in partnership with Broad Reach Power, launched a yearlong pilot in Texas to test if energy storage projects can reduce greenhouse gas emissions while maintaining grid reliability. The initiative involves 9.9 MW battery projects at three sites—Odessa, Angleton, and Lopeño—to study the impact of different grid incentives on system-wide emissions and revenue.Apollo Global ManagementApollo Funds to Acquire 50% Stake in Broad Reach Power from EnCapApollo Funds have agreed to acquire a 50% stake in Broad Reach Power from EnCap Investments and its co-investment partners, while committing up to $400 million in new equity to support the company's expansion. This transaction marks the first sale by EnCap’s Energy Transition Fund I and extends Apollo’s involvement in the US energy transition sector. The deal is expected to close by year-end 2021.