What Olympus Power does

Olympus Power, LLC is a privately held U.S. independent power producer headquartered in Parsippany, New Jersey, that acquires, owns, operates, and manages a diversified portfolio of power generation facilities across the country. The company was formed in 2007 as the successor to Delta Power Company, LLC (founded 1997), inheriting a portfolio that previously comprised 37 plants and 4,500+ MW of managed capacity. Olympus Power maintains a parallel service offering through Olympus Power Operations and dedicated asset management subsidiaries, which provide third-party asset management and operations and maintenance (O&M) services to plant owners. It underwrites transactions in the $5M–$100M range and operates as part of a group that includes Olympus Power Operations and an ArcLight Capital Partners-backed acquisition joint venture (Orca Acquisitions).

The company's portfolio spans coal, natural gas, biomass, wind, hydro, solar, and waste coal reclamation generation, with major operating assets including the 1,700 MW Keystone facility, the 1,612 MW Chalk Point facility, the 1,100 MW Cricket Valley Energy Center (commissioned April 2020), and sites such as Conemaugh, Bay Shore, and Northampton. Generation technology is built around circulating fluidized bed (CFB) boilers and conventional steam/gas turbines supplied by GE, Westinghouse, Ahlstrom, Fuji, and Foster Wheeler, with specialized capability in waste coal reclamation and biomass conversions that produce a low-cost fuel position. The company reports 11–50 employees at the holding entity, reflecting a structure where most operating personnel sit in subsidiaries and JV vehicles.

Olympus Power earns revenue by selling wholesale electricity, capacity, and ancillary services into multiple organized markets (NYISO, PJM, NE-ISO) under bilateral contracts with utilities such as PG&E, direct supplies to industrial and refining customers (e.g., Ohio Refining, Brooklyn Navy Yard), and steam/thermal offtake arrangements. Asset management and O&M services for third-party plant owners provide a fee-based revenue layer on top of the equity-owned generation business. In June 2026 the company formed the Winslow Power joint venture with Northampton Capital Partners to acquire 752 MW of generation assets from Vistra, demonstrating an active acquisition cadence and capital partner model that defines its go-to-market approach.

Name

Olympus Power

Legal name

Olympus Power, LLC

Website

https://olympuspower.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Olympus Power is a privately held U.S. independent power producer that acquires, owns, and operates a diversified portfolio of coal, natural gas, biomass, wind, hydro, and solar generation assets across multiple ISOs, and provides third-party asset management and O&M services to plant owners.

Ownership category

akta.pro rank

Product category

Independent Power Production and Generation Asset Management

NAICS

Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industries

Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG), Hydroelectric Turbines & Governors (IMAHAFAD)

Keywords

• Independent power production
• Power generation investment
• Asset management services
• Operations and maintenance
• Electricity generation

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others, Marketing or Sales

Revenue model

1. Electricity and Thermal Energy Sales: Olympus Power owns and manages power plants that sell electricity and thermal energy to utilities and industrial concerns. They maintain full or partial equity interests in power generation projects to optimize assets by better aligning interests.
2. Asset Management Services: Providing asset management services to project companies including ensuring compliance with contractual obligations, legal advocacy, disbursement of funds, insurance administration, invoicing and treasury services, scheduling and marketing of plant output, risk management and hedging analysis, accounting, tax structuring, and government relations.
3. Operations & Maintenance Services: Providing comprehensive O&M services to project companies including operations consistent with performance criteria, staffing, maintenance, repairs, contractor supervision, predictive and preventive maintenance, compliance with environmental plans and licensing requirements, and day-to-day administration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Olympus Power acquires, owns, and manages a diversified portfolio of commercial electric generation facilities across the United States, including conventional coal and natural gas plants, waste coal reclamation, combined cycle cogeneration, peaking gas turbines, biomass, wind, hydroelectric, and solar assets. The company generates revenue by selling electricity and thermal energy from these facilities to utilities, power grids/ISOs, and industrial concerns, and by providing contracted Asset Management and Operations & Maintenance services to project companies and partners.

Product overview

Olympus Power is a privately held U.S. independent power company that acquires, owns, and manages power generation facilities. The company operates two primary service offerings: Asset Management Services and Operations & Maintenance Services, which it provides to its portfolio of power generation assets. Its portfolio spans multiple power asset categories including efficient gas-fired cogeneration facilities, renewables (biomass, hydroelectric, and wind-powered facilities), conventional coal and natural gas plants, and alternative technologies like coal refuse reclamation to energy operations. Current power assets include Cricket Valley Energy Center (1,100 MW), Keystone Generating Station (1,700 MW), Conemaugh Generating Station, Chalk Point Plant (1,612 MW), Bay Shore Plant (171 MW total), Northampton Generating Facility (112 MW waste coal), and various other natural gas, biomass, wind, and hydroelectric facilities throughout the United States. The company targets investment sizes between $5 million to $100 million per transaction and focuses on the acquisition of operating assets through negotiated transactions and select auction processes within North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management Services Contracted service that ensures facility compliance with contractual obligations, provides legal advocacy, manages fund disbursement, insurance administration, invoicing, treasury services, scheduling and marketing of plant output, transmission agreements, risk management and hedging analysis, accounting, reporting, tax structuring, government relations, and regulatory compliance. Provided to project companies, equity partners, and lenders.
• Operations & Maintenance Services Full-service O&M delivered to power generation facilities, including operations consistent with energy supply agreements and manufacturer specifications, operating procedures, staffing, spare parts management, repairs, contractor supervision, predictive and preventive maintenance, environmental health and safety programs, and compliance with environmental plans and licensing requirements.

Named customers6 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Northampton Capital PartnerscoreStrategic or Co-development Partner · 30 June 2026Northampton Capital Partners formed a joint venture with Olympus Power called Winslow Power to acquire three conventional power plants with combined capacity of 752 MW from a Vistra Corp subsidiary. Assets include the 541-MW Casco Bay combined cycle facility in Veazie, Maine, a 108-MW dual fuel turbine in Croghan, NY, and a 103-MW dual fuel turbine in Solvay, NY. The partners view Winslow as a platform for additional growth across Northeast power markets.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ArcLight Capital Partners: Energy-focused private equity firm with deep power generation portfolio; current Olympus partner via the Orca Acquisitions JV, operating in the same acquisition and asset-management niche as Olympus.
• Competitive Power Ventures (CPV): U.S. independent power developer and operator focused on natural gas, renewables, and battery storage, with similar development, ownership, and asset-management activities as Olympus.
• LS Power: LS Power is a private power and energy infrastructure company that acquires, develops, and operates power generation and transmission assets across the U.S. Closely mirrors Olympus's investment, ownership, asset management, and O&M model.
• Panda Power Funds: Privately held IPP that develops, finances, owns, and operates large-scale natural gas and renewable generation projects in the U.S., sharing Olympus's private IPP ownership-and-operate thesis.
• Cogentrix Energy: Independent power producer and asset manager operating merchant and contracted generation facilities across the U.S. Olympus personnel (Todd Shirley) come directly from Cogentrix, indicating comparable IPP/asset management operating model.

Broad incumbents

• Vistra Corp: Large publicly traded IPP from which Olympus recently acquired 752 MW of conventional generation via the Winslow JV. Vistra's divestitures of conventional assets are creating Olympus's deal pipeline.
• Talen Energy: Independent power producer with a portfolio of merchant and contracted generation assets across multiple U.S. regions, including PJM, that competes in similar wholesale electricity markets as Olympus.
• NRG Energy: Large publicly traded U.S. independent power producer with diversified fossil and renewable generation, competing for similar customers and wholesale market opportunities as Olympus assets in PJM and ERCOT.

Emerging players

• Energy Investors Funds (EIF): Power and infrastructure-focused private equity manager that acquires and operates power assets, comparable to Olympus in scale, asset focus, and the practice of restructuring underperforming generation.

Regional players

• North American Coal: Operates coal-related and power assets with overlap in mine-mouth coal-fired generation. Olympus's Pennsylvania waste coal reclamation facilities have analogous fuel-supply dynamics and similar regulatory exposure.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries16 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 Olympus Power