Rise Light & Power
Rise Light & Power is a NYC-based power generation and transmission developer operating the Ravenswood Generating Station (2,050 MW) and developing renewable energy infrastructure, including the Queensboro Renewable Express HVDC transmission project, offshore wind interconnection, and battery storage.
- Company typePrivate
- Founded2017
- HeadquartersLong Island City, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Rise Light & Power does
Rise Light & Power, LLC is a New York-based power generation and transmission infrastructure developer whose primary asset is the Ravenswood Generating Station — a 2,050 MW facility on 28 (or 27) waterfront acres in Long Island City, Queens that supplies over 20% of New York City's local generation capacity and as much as 50% of NYC energy during extreme weather events. The company is repositioning that operating asset, and a developing pipeline around it, toward renewable energy interconnection: the Queensboro Renewable Express — a proposed ±400 kV, ~18.5-mile merchant HVDC transmission project designed to deliver up to 2.62 GW of offshore wind to NYISO Zone J at the Ravenswood site; a 1.4 GW ownership interest in the Attentive Energy One offshore wind project acquired in December 2022; a large-scale Battery Energy Storage project sited on decommissioned peaking facilities; the proposed Renewable Ravenswood repowering — positioned as the nation's first renewable repowering of a major fossil-fuel plant with offshore wind; and a multi-user offshore wind port submitted under NYSERDA's $200 million port funding solicitation. Revenue is earned primarily through NYISO wholesale energy market dispatch and capacity payments from the Ravenswood Generating Station, with future revenue streams intended to include merchant transmission tariff receipts tied to offshore wind delivery, offshore wind project ownership monetized via NYSERDA-procured long-term PPAs, and battery storage grid services.
The company traces its origins to 1999, when an entity was formed in connection with the acquisition of Ravenswood from Con Edison; LS Power acquired the company in 2017 and, following that acquisition, retired 500 MW of gas turbine peakers at Ravenswood and matured the Renewable Ravenswood redevelopment plan. In December 2022 Rise both acquired the Attentive Energy One stake and filed the Article VII application for Queensboro Renewable Express; the New York State Department of Public Service officially launched public review of that application in May 2024, an industry-leading permitting milestone. In 2026 Rise was acquired by NRG Energy as part of a $12.0 billion LS Power portfolio sale (≈7.5x forward EV/EBITDA), and continues to operate as a wholly owned affiliate developing the Renewable Ravenswood vision. Rise's go-to-market combines wholesale market dispatch, NYSERDA competitive solicitation participation, the Article VII permitting process for transmission siting, and intensive community engagement in Western Queens — a regulatory plus community-led model that has so far produced unanimous public support at July 2024 hearings for the Queensboro Renewable Express project.
Rise Light & Power firmographics
Firmographics- Name
- Rise Light & Power
- Legal name
- Rise Light & Power, LLC
- Website
- https://riselight.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Rise Light & Power is a NYC-based power generation and transmission developer operating the Ravenswood Generating Station (2,050 MW) and developing renewable energy infrastructure, including the Queensboro Renewable Express HVDC transmission project, offshore wind interconnection, and battery storage.
- Ownership category
- akta.pro rank
Rise Light & Power industry classification
Industry- Product category
- Electric Power Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211), Electric Bulk Power Transmission and Control (221121)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), HVDC Converter Stations & FACTS Infrastructure Construction (IMAFAHAI), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)
Keywords
Where Rise Light & Power is headquartered
LocationHeadquarters
- HQ city
- Long Island City
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Rise Light & Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Wholesale Electricity Generation and Capacity: Rise Light & Power generates and sells electricity into the New York Independent System Operator (NYISO) wholesale electricity markets. As the owner of New York City's largest power generation facility (Ravenswood Generating Station, 2,050 MW), Rise earns revenue from energy market dispatch and capacity payments for grid reliability services. The facility provides over 20% of New York City's generation capacity and has historically supplied up to 50% of NYC's energy during extreme weather events.
- Renewable Energy Interconnection and Merchant Transmission: Rise develops transmission infrastructure (Queensboro Renewable Express) that brings offshore wind power into New York City. The project is structured as a merchant transmission facility, earning revenue from the capacity and transmission rights associated with delivering up to 2.62 GW of offshore wind energy into Zone J of the NYISO market.
- Offshore Wind Ownership and Operations: Rise acquired an interest in the 1.4 GW Attentive Energy One offshore wind project (December 2022), participating in project ownership and potentially earning revenue from long-term power purchase agreements (PPAs) with utilities under New York's offshore wind solicitation program.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Rise Light & Power product offering
Product offeringCore offering
Rise Light & Power owns and operates the Ravenswood Generating Station, New York City's largest power generation facility (2,050 MW), and is transforming it into a clean energy hub under its Renewable Ravenswood plan. The company develops large-scale transmission infrastructure (such as the Queensboro Renewable Express HVDC project) to deliver offshore wind energy into the New York ISO grid, owns interests in offshore wind projects (Attentive Energy One), and is building battery energy storage and renewable port facilities across the New York-New Jersey metropolitan area.
Product overview
Rise Light & Power operates and develops energy infrastructure focused on the New York-New Jersey metropolitan area. The company's core product is the Ravenswood Generating Station (2,050 MW), New York City's largest power generation facility, which is being transformed into Renewable Ravenswood—a clean energy hub encompassing offshore wind interconnection (Queensboro Renewable Express, Attentive Energy One), battery energy storage, and upstate renewables. Supporting assets include the South Amboy Renewable Energy Hub in New Jersey and a proposed multi-user offshore wind port. The company is a wholly owned affiliate of LS Power and was acquired by NRG Energy in 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Ravenswood Generating Station New York City's largest power generation facility located on 28 waterfront acres in Long Island City, Queens, with 2,050 MW of capacity providing over 20% of NYC's local generation capacity.
- Renewable Ravenswood Comprehensive redevelopment plan to transform Ravenswood Generating Station into a clean energy hub encompassing offshore wind, upstate renewables, clean thermal energy, energy storage, and just transition components — the nation's first renewable repowering of a major fossil-fuel plant.
- Queensboro Renewable Express Approximately 18.5 miles of ±400 kV HVDC merchant transmission facility designed to deliver approximately 2.62 GW of offshore wind energy from federal waters into NYISO Zone J at the Ravenswood Generating Station.
- Attentive Energy One (Offshore Wind Project Interest)
Quantifiable outcome
- Over 20% of New York City's generation capacity provided by a single facility (Ravenswood, 2,050 MW)
- +5 more outcomes
Companies that use Rise Light & Power
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Rise Light & Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Rise Light & Power partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Attentive Energy One (1.4 GW Offshore Wind Project)coreRise Light & Power acquired an interest in the 1.4 gigawatt Attentive Energy One offshore wind project in December 2022 as part of its Renewable Ravenswood vision. The project is New York's third offshore wind solicitation project and is the first offshore wind project interconnecting at Ravenswood, positioned to permanently retire a fossil-fired generator and replace its output with renewable energy from offshore wind. Rise secured an ownership stake to be an integral part of New York's offshore wind future.
Scale indicators10 records
Recent moves9 records
Expansion highlights7 records
Rise Light & Power competitors and assessment
Company assessmentDirect peers
- Invenergy: Private, PE-backed developer of utility-scale wind, solar, and storage across North America. Similar private-capital structure to Rise under LS Power and competes in the same NYISO/NY offshore-wind solicitation pipeline.
- Vistra: Major competitive power generator and retailer with a diverse fossil-plus-renewables portfolio (5+ GW of solar and battery projects). Comparable to Rise as an IPP navigating the energy transition while earning capacity-market and merchant revenues.
- Avangrid: U.S. utility holding company with regulated NY/CONN electric service plus a growing offshore-wind portfolio (Vineyard Wind, Park City). Direct overlap with Rise's renewable+transmission strategy in the Northeast.
- Calpine: One of the largest U.S. independent power producers with a natural-gas heavy fleet undergoing renewable and data-center-driven transition. Closely mirrors Rise's incumbent IPP role (Ravenswood) plus growing renewables/storage pivot.
- Orsted: Global offshore wind leader and developer of Sunrise/South Fork Wind — a benchmark for Rise's renewable transition since several Rise leaders (Clint Plummer, Jennifer Garvey, Brook Knodel) are ex-Orsted. Comparable technology, regulatory, and supply-chain profile.
Broad incumbents
- NextEra Energy: Largest U.S. wind/solar developer and operator through NextEra Energy Resources, with a regulated transmission arm (FPL). Comparable in blending large-scale renewable development, transmission buildout, and merchant generation — a key comp for Rise's renewables-plus-transmission trajectory.
- Consolidated Edison: Original owner of Ravenswood and now the off-taker / interconnection counterparty for Queensboro Renewable Express. Con Ed's transmission and distribution control over NYC's load creates a structural linkage with Rise's generation and merchant transmission business.
- NRG Energy: Acquired Rise in 2026 as part of its $12B LS Power portfolio purchase. NRG is a large competitive power generator and retailer that operates natural-gas and renewable assets across multiple U.S. markets, giving it the balance sheet and retail platform to scale Rise's renewable transition.
- LS Power: Rise's former parent and the developer of the broader portfolio (47,000 MW generation, 780+ miles transmission, $60B+ capital). LS Power shares Rise's PE-backed IPP+transmission model and was the platform that built the Renewable Ravenswood plan and Attentive Energy stake.
Regional players
- PSEG: New Jersey's largest utility and offshore-wind participant with growing renewable holdings. Geographic/regulatory complement to Rise via the South Amboy Renewable Energy Hub and shared NY/NJ offshore-wind interconnection ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Rise Light & Power social profiles
Digital presenceRise Light & Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rise Light & Power leadership team
Management profileNumber of profiles
Profiles11 records
Rise Light & Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rise Light & Power 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 Rise Light & Power
What does Rise Light & Power do?
Rise Light & Power owns and operates the Ravenswood Generating Station, New York City's largest power generation facility (2,050 MW), and is transforming it into a clean energy hub under its Renewable Ravenswood plan. The company develops large-scale transmission infrastructure (such as the Queensboro Renewable Express HVDC project) to deliver offshore wind energy into the New York ISO grid, owns interests in offshore wind projects (Attentive Energy One), and is building battery energy storage and renewable port facilities across the New York-New Jersey metropolitan area.
Is Rise Light & Power a public or private company?
Rise Light & Power is a private company. It is classified as corporate owned and is currently operating.
When was Rise Light & Power founded?
Rise Light & Power was founded in 2017. It employs 51 to 100 people.
Where is Rise Light & Power based?
Rise Light & Power is headquartered in Long Island City, United States, in the North America region.
How does Rise Light & Power make money?
Three revenue lines are on record. Wholesale Electricity Generation and Capacity is the primary driver. The others are renewable Energy Interconnection and Merchant Transmission and offshore Wind Ownership and Operations.
Who are Rise Light & Power's main competitors?
Direct peers on record are Invenergy, Vistra, Avangrid, Calpine and Orsted. Broad incumbents are NextEra Energy, Consolidated Edison, NRG Energy and LS Power. PSEG is listed as a regional player.
Does Rise Light & Power have an API?
No public API is recorded for Rise Light & Power.
What industry is Rise Light & Power in?
Rise Light & Power's product category is Electric Power Generation. Its primary akta.pro industry code is EUACAFAE, Wind Farm Development & Permitting (Greenfield/Brownfield), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221115 and its SIC code is 4911.