Competitive Power Ventures

Name

Competitive Power Ventures

Legal name

Competitive Power Ventures, Inc.

Website

https://cpv.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)

akta.pro secondary industries

Utility-Scale Power Generation Asset Management (EUAEAMAA), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

Keywords

• Independent power generation
• Natural gas combined-cycle
• Utility-scale solar development
• Wind power generation
• Carbon capture generation

Headquarters

HQ city

Silver Spring

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Wholesale Electricity Generation and Sales: CPV develops, owns, and operates power generation facilities that sell electricity into wholesale markets (PJM, ERCOT, NYISO, ISO-NE). Revenue comes from capacity sales, energy sales, and ancillary services. Projects are often co-owned with strategic partners.
2. Asset Management Services: CPV's Asset Management division manages fossil and renewable generating facilities in multiple states for third-party owner groups, providing operational expertise and management services.
3. Retail Energy Sales: CPV Retail Energy provides electricity solutions to commercial and industrial customers in PJM and NYISO markets. As a gentailer, the company offers competitive energy products and services leveraging CPV's own generating assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Competitive Power Ventures is an independent power producer that develops, owns, and operates large-scale natural gas combined-cycle, utility-scale solar, and wind generation facilities across U.S. wholesale electricity markets (PJM, ERCOT, NYISO, ISO-NE). The company sells wholesale capacity, energy, and ancillary services, operates a retail energy provider (CPV Retail) serving commercial and industrial customers, and provides asset management services for third-party owned generation assets.

Product overview

Competitive Power Ventures operates as a power generation company with a diversified portfolio spanning natural gas combined-cycle facilities, utility-scale solar projects, and wind farms across the United States. The company is organized into three main segments: (1) CPV Low Carbon Generation handles dispatchable gas-fired generation including projects with carbon capture technology; (2) CPV Renewable Power develops and operates wind and solar projects, including innovative projects repurposing former coal mine lands; and (3) CPV Retail provides retail energy solutions to commercial and industrial customers. Key operating assets include CPV Three Rivers (1,250 MW gas), CPV Fairview (1,050 MW gas), CPV Towantic (805 MW gas), CPV Valley (680 MW gas), and CPV St. Charles (725 MW gas). Major solar assets include CPV Backbone Solar (160 MW), CPV Maple Hill Solar (100 MWac), and CPV Stagecoach Solar (80 MWac). Construction is underway on CPV Basin Ranch Energy Center (1,350 MW gas in Texas) and CPV Rogue's Wind (114 MW in Pennsylvania). Development projects include CPV Shay Energy Center (~1,800 MW with carbon capture in West Virginia).

Differentiator

Problem solved

Functional benefit

Brands

• CPV Renewable Power: Renewable energy division developing and operating wind and solar projects
• CPV Low Carbon Generation
• CPV Retail Energy

Products and services

• CPV Three Rivers Energy Center A 1,250 MW combined-cycle natural gas power plant in Grundy County, Illinois, utilizing GE 7HA.02 turbine technology, capable of powering over 1 million homes. Wholesale electricity is sold into the PJM market.
• CPV Fairview Energy Center A 1,050-MW natural gas-fueled combined-cycle facility in Jackson Township, Cambria County, Pennsylvania, featuring GE 7HA.02 combustion turbines. Sells wholesale generation into the PJM market.
• CPV Towantic Energy Center An 805 MW combined-cycle power plant in Oxford, Connecticut, featuring GE 7HA.01 gas turbines with DLN2.6+ AFS combustion system. Sells wholesale electricity into the ISO-NE market.
• CPV Valley Energy Center A 680-MW natural gas combined-cycle facility in Wawayanda, New York, featuring Siemens SGT6-5000F gas turbines. Sells wholesale electricity into the NYISO market.
• CPV St. Charles Energy Center A 725-MW combined-cycle natural gas plant in Waldorf, Charles County, Maryland, using GE 7F.05 gas turbines and GE D402 steam turbine. Sells into the PJM market.
• CPV Woodbridge Energy Center Combined-cycle natural gas power facility located in New Jersey, supplying wholesale electricity into the PJM market.
• CPV Backbone Solar A 160-MW solar project in Garrett County, Maryland, located on reclaimed former coal mine land, producing enough energy to power 30,000 households. A planned second phase will expand installed capacity to 175 MW.
• CPV Maple Hill Solar A 100-MWac solar facility in Portage Township, Pennsylvania, on former coal mine land with over 235,000 bi-facial panels and single-axis tracking. Powers Hydro's Cressona aluminum extrusion operations.
• CPV Stagecoach Solar An 80-MWac solar project in Macon County, Georgia, utilizing over 180,000 bi-facial solar panels with single-axis tracking.
• CPV Keenan II Wind Farm Operating wind farm in the CPV portfolio supplying renewable electricity into U.S. wholesale markets.
• CPV Mountain Wind Operating wind farm in the CPV portfolio supplying renewable electricity into U.S. wholesale markets.
• CPV Retail Energy Retail energy provider offering competitive energy products and services to commercial and industrial customers in PJM and NYISO markets. Acts as a 'gentailer' combining CPV's own generation assets with retail supply, offering customized pricing plans including 100% renewable options for C&I buyers.
• CPV Asset Management Services CPV's Asset Management division manages fossil and renewable generating facilities in multiple states for third-party owner groups, providing operational expertise and management services including plant operations, maintenance, and commercial dispatch.
• CPV Shay Energy Center An approximately 1,800 MW combined-cycle natural gas power station with carbon capture and storage technology planned for Doddridge County, West Virginia, representing a $3 billion investment that will capture the vast majority of carbon emissions from the facility.
• CPV Basin Ranch Energy Center A 1,350 MW combined-cycle natural gas power plant under construction in Ward County, Texas, equipped with GE Vernova turbines with optional carbon capture capability, to be constructed by Gemma Power Systems.
• CPV Rogue's Wind A 114 MW wind project under construction in Pennsylvania utilizing 19 Vestas V-162 wind turbines, CPV's third project utilizing former coal mine land. Expected to reach commercial operation in 2026.

Quantifiable outcome

• 6.8 GW of generation capacity brought online since 2010
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and strategic.

• Vanguard Energy PartnerscoreImplementation/ SI/ Consulting PartnerLeading solar engineering, procurement, and construction firm that constructed CPV Backbone Solar project (160 MW) and CPV Stagecoach Solar project (80 MW).
• Gemma Power SystemscoreImplementation/ SI/ Consulting PartnerEPC contractor for CPV Basin Ranch Energy Center (1,350 MW combined-cycle power plant). Gemma Power Systems, a wholly owned subsidiary of Argan, Inc., received full notice to proceed on the project.
• GE VernovacoreTechnology or IntegrationPrimary turbine manufacturer supplying equipment to CPV projects. CPV Basin Ranch will feature GE 7HA.03 turbines with optional carbon capture capability. CPV Three Rivers utilizes GE 7HA.02 turbine technology.
• Osaka Gas USAcoreStrategic or Co-development PartnerCo-owner of CPV Three Rivers Energy Center and partner in multiple CPV projects. Long-term strategic partner in power generation development.
• Marubeni CorporationcoreStrategic or Co-development PartnerCo-owner of CPV St. Charles Energy Center (725 MW). Japanese trading company with extensive power industry presence globally.
• Toyota Tsusho CorporationcoreStrategic or Co-development PartnerCo-owner of CPV St. Charles Energy Center. General trading company with diversified businesses including power project development across North America.
• Marathon CapitalstrategicImplementation/ SI/ Consulting PartnerServed as advisor for CPV Backbone Solar project, emphasizing project quality and CPV's leading role in developing utility-scale renewable projects.
• ArcTradestrategicTechnology or IntegrationTechnology platform provider for CPV Retail Energy, providing end-to-end platform for retail sales to industrial and commercial customers within PJM market.
• Patriot RenewablesstrategicStrategic or Co-development PartnerSeller of four operating wind farms in Maine (81.5 MW) acquired by CPV. Developer, owner, and operator of commercial-scale wind, solar and energy storage projects.
• TalesuncoreTechnology or IntegrationGlobal leading solar module manufacturer providing 530+ watt bi-facial solar panels with latest technology for CPV Maple Hill Solar project.
• VestascoreTechnology or IntegrationWind turbine supplier for CPV Rogue's Wind project, providing 19 Vestas V-162 wind turbines.
• Kiewit Power ConstructorscoreImplementation/ SI/ Consulting PartnerEPC contractor for CPV Three Rivers Energy Center construction, completed over 34 months with 2.7 million manhours and zero-time-lost safety record.

Scale indicators22 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Calpine Corporation: Calpine is one of the largest U.S. independent power producers with a predominantly natural gas-fired fleet across PJM, ERCOT, and other ISOs, plus an industry-leading retail platform. It is the most direct competitor to CPV's combined-cycle generation and gentailer model, with comparable GE turbine technology and PJM exposure.
• Vistra Corp: Vistra is a large publicly-traded U.S. IPP with a diversified natural gas, nuclear, coal, solar, and battery storage portfolio and a major retail electricity business (TXU Energy). It directly competes with CPV in ERCOT, PJM, and retail energy, and shares the gentailer business model.
• NRG Energy: NRG is a leading U.S. retail electricity and generation company operating in PJM, ERCOT, and NYISO with a mix of gas, coal-to-gas conversions, and renewables. Its retail platform directly competes with CPV Retail, and its generation development overlaps CPV's IPP pipeline.
• NextEra Energy Resources: NextEra Energy Resources is the world's largest renewable energy generator and a major U.S. wind and solar developer. It competes directly with CPV Renewable Power for utility-scale wind/solar projects, tax equity, and EPC capacity across PJM and adjacent markets.
• Invenergy: Invenergy is a leading privately-held U.S. independent power producer with a large renewable, storage, and natural gas pipeline. It is a direct peer in wind/solar development, energy storage, and gas-fired IPP, often co-located with the same ISOs as CPV.
• Clearway Energy: Clearway Energy is a publicly-traded renewable energy yieldco with utility-scale wind, solar, and thermal assets. It overlaps CPV's renewable IPP activities and competes for tax equity and PPA off-takers in PJM and adjacent markets.
• Avantus (formerly 8minute Solar Energy): Avantus is a large privately-held U.S. utility-scale solar developer with a multi-gigawatt pipeline. It directly competes with CPV Renewable Power for solar development opportunities, interconnection capacity, and PPA customers.
• D.E. Shaw Renewable Investments (DESRI): DESRI is a major privately-held renewable energy developer/owner/operator focused on utility-scale solar and storage across the U.S. It is a direct peer to CPV Renewable Power for solar development capital, tax equity partnerships, and IPP ownership.

Broad incumbents

• Constellation Energy: Constellation is the largest U.S. competitive power generator (nuclear-led) with significant natural gas, renewables, and retail operations across PJM. As a broad incumbent, it overlaps with CPV's gas, retail, and carbon capture ambitions at much greater scale.
• Engie North America: Engie is a global utility with U.S. operations spanning renewable development, battery storage, and natural gas-fired generation, with retail energy offerings. As a broad incumbent, it competes with CPV across multiple technologies and geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/competitive-power-ventures-inc.
• Xx.com/CPVEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Competitive Power Ventures