BHE Renewables

Name

BHE Renewables

Legal name

BHE Renewables, LLC

Website

https://bherenewables.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Geothermal Electric Power Generation (221116), Hydroelectric Power Generation (221111), Fossil Fuel Electric Power Generation (221112)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)

Keywords

• Renewable energy generation
• Geothermal power production
• Solar energy development
• Wind power projects
• Hydroelectric generation

Headquarters

HQ city

Des Moines

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Energy Sales: Sale of electricity generated from solar, wind, hydroelectric and geothermal projects to wholesale market customers under long-term power purchase agreements.
2. Power Purchase Agreements: Long-term power purchase agreements with utilities such as Pacific Gas & Electric Company for dedicated energy generation from specific facilities.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

BHE Renewables develops, owns, and operates utility-scale renewable energy generation projects including solar, wind, hydroelectric, and geothermal facilities with over 4,500 megawatts of combined capacity across 11 U.S. states. The company also produces battery-grade lithium through a Direct Lithium Extraction joint venture with TerraLithium, leveraging geothermal brine resources at its Imperial Valley facilities.

Product overview

BHE Renewables is a renewable energy generation company that develops, owns, and operates solar, wind, hydroelectric, and geothermal projects with over 4,500 megawatts of combined renewable generation capacity in 11 states. The company operates geothermal plants under the CalEnergy brand in California's Imperial Valley (345 MW), wind projects across six states exceeding 2,500 MW, solar installations in five states over 1,600 MW, and hydroelectric capacity in Hawaii. Through a joint venture with Occidental's TerraLithium subsidiary, BHE Renewables is pioneering Direct Lithium Extraction technology to produce battery-grade lithium from geothermal brine, targeting 90,000 metric tons of lithium carbonate equivalent annually. The company is also developing one of the world's largest solar and battery storage microgrids in West Virginia.

Differentiator

Problem solved

Functional benefit

Products and services

• CalEnergy Geothermal Plants BHE Renewables operates 10 geothermal power plants under the CalEnergy name in California's Imperial Valley with 345 megawatts of net capacity, serving power customers for more than four decades.
• Wind Energy Projects BHE Renewables owns and operates over 2,500 megawatts of wind fleet capacity across 13 projects in six states, plus partial ownership of 36 additional wind projects spanning seven states.
• Solar Energy Projects BHE Renewables owns and operates over 1,600 megawatts of solar-powered generation, including Topaz Solar Farms and one of the world's largest solar and battery storage microgrids under development in West Virginia.
• Hydroelectric Projects BHE Renewables owns 10 megawatts of hydroelectric generation at the Wailuku hydroelectric project in Hawaii.
• TerraLithium Direct Lithium Extraction (DLE) A joint venture between BHE Renewables and Occidental's TerraLithium subsidiary to extract lithium from geothermal brine using Direct Lithium Extraction technology, expected to produce approximately 90,000 metric tons of lithium carbonate equivalents per year.
• Topaz Solar Farms A 550-megawatt solar farm in San Luis Obispo County, California, featuring 8.5 million solar panels on 4,700 acres reserved for conservation. The sixth-largest solar farm in the U.S. supplies electricity to Pacific Gas & Electric Company under a long-term power purchase agreement.

Quantifiable outcome

• Successfully produced lithium chloride at geothermal facility in Calipatria, California
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• TerraLithium (Occidental Subsidiary)coreStrategic or Co-development Partner · 4 June 2024BHE Renewables and TerraLithium formed a joint venture in June 2024 to demonstrate and deploy TerraLithium's Direct Lithium Extraction technology to extract and commercially produce high-purity lithium compounds from geothermal brine. The partnership combines BHE Renewables' access to geothermal brine and four decades of geothermal operations with Oxy's brine processing expertise and TerraLithium's advanced DLE process. The joint venture began demonstration at BHE Renewables' Imperial Valley geothermal facility.
• Occidental (OXY)coreStrategic or Co-development Partner · 4 June 2024Parent company Occidental and BHE Renewables formed a joint venture for lithium extraction from geothermal brine. Occidental, through its TerraLithium subsidiary, provides patented DLE technology while BHE Renewables provides access to geothermal brine resources and operational infrastructure. The joint venture aims to prove commercial feasibility before BHE Renewables builds, owns, and operates production facilities in Imperial County.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Berkshire Hathaway Energy (parent): BHE Renewables' parent, Berkshire Hathaway Energy, owns regulated utilities and a renewable energy subsidiary. Relevant as the holding entity and to illustrate the strategic context within which BHE Renewables operates alongside regulated utility assets.
• NextEra Energy Resources: NextEra Energy Resources is the world's largest generator of wind and solar energy and a wholly owned subsidiary of NextEra Energy. Directly comparable to BHE Renewables as a utility-scale, diversified renewable energy IPP serving utilities and corporate customers through long-term PPAs.
• Brookfield Renewable Partners: Brookfield Renewable is one of the largest publicly traded renewable power platforms globally, operating wind, solar, hydro, and storage. Comparable to BHE Renewables across the same renewable technologies and utility-scale contracting model, but with greater geographic diversification.

Direct peers

• EDP Renewables North America: EDP Renewables is a global renewable energy developer operating utility-scale wind and solar farms in the U.S. Comparable to BHE Renewables in asset class, scale, and utility/offtake PPA structure, with a similar multi-state U.S. footprint.
• Innergex Renewable Energy: Innergex is a Canadian renewable energy IPP operating hydro, wind, and solar facilities under long-term PPAs. Comparable to BHE Renewables across the same renewable technologies and contracted-revenue model, though with primary Canadian operations.
• Ormat Technologies: Ormat Technologies is a leading vertically integrated geothermal power and equipment manufacturer with operations primarily in the U.S. and international markets. Highly comparable to BHE Renewables' CalEnergy geothermal operations in Imperial Valley and the same baseload renewable generation model.
• Invenergy: Invenergy is a privately held U.S. developer, owner, and operator of utility-scale wind, solar, and storage projects. Directly comparable to BHE Renewables in asset class, scale, GTM (long-term utility PPAs), and project development model.
• Clearway Energy: Clearway Energy owns and operates a contracted portfolio of renewable and conventional generation, including utility-scale wind and solar. Comparable as a publicly listed renewable IPP with long-term contracted cash flows structured similarly to BHE Renewables' PPA-based model.
• Pattern Energy: Pattern Energy is a private U.S. renewable energy developer and operator with utility-scale wind, solar, and transmission projects. Directly comparable to BHE Renewables' wind-heavy portfolio and utility PPA-driven revenue model, especially after its 2020 take-private.

Emerging players

• Controlled Thermal Resources: CTR is developing integrated geothermal power and Direct Lithium Extraction projects in the Imperial Valley and Salton Sea region. Comparable to BHE Renewables' TerraLithium JV in co-locating geothermal generation with lithium extraction from brine.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BHE_Renewables
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 BHE Renewables