Footprint Power
Footprint Power is a privately held, partner-funded developer that acquires and redevelops aging U.S. coal- and oil-fired power plant sites into modern flexible natural gas and renewable-supporting energy infrastructure, with its flagship 674 MW Salem Harbor Station project serving ISO New England.
- Company typePrivate
- Founded2009
- HeadquartersBridgewater, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Footprint Power does
Footprint Power is a privately held, partner-funded project developer and operator that acquires and redevelops aging coal- and oil-fired power plant sites for owners seeking to exit uneconomic, environmentally burdensome assets. Founded in October 2009 by Peter Furniss (CEO) and Scott Silverstein (President & COO), the company targets a clearly defined customer segment — owners and host communities of older fossil-fueled generating facilities in the U.S. Northeast — and structures transactions that address environmental remediation, community impact, and grid reliability simultaneously. Its commercial proposition combines acquisition, redevelopment, and stakeholder alignment rather than low-cost generation.
The company's flagship and effectively sole operational asset is the Salem Harbor Station redevelopment in Salem, Massachusetts, a 65-acre site acquired in August 2012. Footprint planned to retire the legacy coal/oil unit in May 2014 and replace it with a 674 MW quick-start combined-cycle gas turbine facility targeted for June 2016 commercial operation, with approximately half of capacity available within 10 minutes — a design optimized for grid flexibility and renewable energy firming. The site also reserves 40+ acres for longer-term development including offshore wind staging, and benefits from deepwater port access, nearby interstate natural gas pipelines, and transmission headroom. Distribution is exclusively regional (New England) via ISO New England and regional utilities through power purchase agreements and merchant arrangements.
Footprint generates revenue through power generation sales, asset value appreciation from site redevelopment, and ancillary stakeholder services (remediation planning, community engagement, regulatory navigation). The company explicitly avoids external institutional capital at the holding-company level — equity is funded entirely by partners, with project-level financial partners introduced only after stakeholder alignment is achieved. The firm is headquartered in Bridgewater, New Jersey, with operational staff at Salem, Massachusetts, and reports 101-250 employees.
Footprint Power firmographics
Firmographics- Name
- Footprint Power
- Legal name
- Footprint Power LLC
- Website
- https://footprintpower.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Footprint Power is a privately held, partner-funded developer that acquires and redevelops aging U.S. coal- and oil-fired power plant sites into modern flexible natural gas and renewable-supporting energy infrastructure, with its flagship 674 MW Salem Harbor Station project serving ISO New England.
- Ownership category
- akta.pro rank
Footprint Power industry classification
Industry- Product category
- Power Generation Services
- NAICS
- Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)
- akta.pro secondary industries
- Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates) (EUAMAGAN), Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator) (EUAEALAA)
Keywords
Where Footprint Power is headquartered
LocationHeadquarters
- HQ city
- Bridgewater
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Footprint Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation and Sales: The company develops, owns, and operates natural gas-fired power generation facilities, selling electricity to the grid through power purchase agreements or merchant arrangements. Revenue is generated from electricity sales to utilities and grid operators.
- Site Acquisition and Redevelopment: Footprint Power acquires aging coal- and oil-fired power plant sites from owners, remediates environmental contamination, and redevelops them with modern natural gas or renewable energy infrastructure. Revenue is realized through asset value appreciation and long-term energy production.
- Stakeholder Services: The company provides services to communities, plant owners, and utilities including environmental remediation planning, community engagement, regulatory compliance navigation, and infrastructure optimization. These services support the core transaction structure.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Footprint Power product offering
Product offeringCore offering
Footprint Power acquires, remediates, and redevelops aging coal- and oil-fired power plant sites, replacing them with modern flexible natural gas combined-cycle generation facilities. The company generates revenue by selling electricity to the grid (notably through the 674 MW Salem Harbor project in Massachusetts) under power purchase agreements and merchant arrangements, and by realizing value through site redevelopment and infrastructure repurposing.
Product overview
Footprint Power operates as a single focused offering: the redevelopment of coal- and oil-fired power plant sites for modern energy purposes. Their primary product is the Salem Harbor Project in Salem, Massachusetts, which combines a 674 MW quick-start combined-cycle gas turbine facility with longer-term plans for offshore wind assembly and staging infrastructure. The company serves as a project developer and operator, helping power plant owners and communities transition aging fossil fuel facilities to cleaner, more flexible energy infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Salem Harbor Power Project A 65-acre power plant redevelopment site in Salem, Massachusetts featuring a state-of-the-art quick-start combined-cycle gas turbine facility providing 674 MW of power, designed to provide flexible backup generation supporting renewable energy integration and, longer-term, offshore wind assembly and staging infrastructure.
Quantifiable outcome
- 50% reduction in carbon emissions when replacing coal with natural gas
- +2 more outcomes
Companies that use Footprint Power
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles3 records
Footprint Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Footprint Power partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- City of Salem, MassachusettscoreCity of Salem sponsored a public review process examining reuse potential for the Salem Harbor site. The city worked with Footprint Power to develop a new vision for the 65-acre site that provides optimal outcomes for the community. This partnership is central to the company's core business model of stakeholder-aligned redevelopment.
Scale indicators3 records
Recent moves5 records
Expansion highlights3 records
Footprint Power competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Footprint Power social profiles
Digital presenceFootprint Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Footprint Power leadership team
Management profileNumber of profiles
Profiles7 records
Footprint Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Footprint 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 Footprint Power
What does Footprint Power do?
Footprint Power acquires, remediates, and redevelops aging coal- and oil-fired power plant sites, replacing them with modern flexible natural gas combined-cycle generation facilities. The company generates revenue by selling electricity to the grid (notably through the 674 MW Salem Harbor project in Massachusetts) under power purchase agreements and merchant arrangements, and by realizing value through site redevelopment and infrastructure repurposing.
Is Footprint Power a public or private company?
Footprint Power is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Footprint Power founded?
Footprint Power was founded in 2009. It employs 101 to 250 people.
Where is Footprint Power based?
Footprint Power is headquartered in Bridgewater, United States, in the North America region.
How does Footprint Power make money?
Three revenue lines are on record. Power Generation and Sales are the primary driver. The others are site Acquisition and Redevelopment and stakeholder Services.
Does Footprint Power have an API?
No public API is recorded for Footprint Power.
What industry is Footprint Power in?
Footprint Power's product category is Power Generation Services. Its primary akta.pro industry code is EUACABAI, Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield), with a secondary code of EUAMAGAN, Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates). Its NAICS code is 221112 and its SIC code is 4991.