IPX Power
IPX Power is a private U.S. independent power producer that develops, owns, and operates utility-scale solar PV and battery energy storage assets across California and Texas. It sells electricity through long-term PPAs to utilities, community choice aggregators, large corporate buyers, and energy service providers.
- Company typePrivate
- Founded2026
- HeadquartersBeaverton, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
IPX Power firmographics
Firmographics- Name
- IPX Power
- Legal name
- IPX Power USA, LLC
- Website
- https://ipxpower.com
- Company type
- Private
- Founded year
- 2026
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IPX Power is a private U.S. independent power producer that develops, owns, and operates utility-scale solar PV and battery energy storage assets across California and Texas. It sells electricity through long-term PPAs to utilities, community choice aggregators, large corporate buyers, and energy service providers.
- Ownership category
- akta.pro rank
IPX Power industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Utility-Scale Power Generation Asset Management (EUAEAMAA)
Keywords
Where IPX Power is headquartered
LocationHeadquarters
- HQ city
- Beaverton
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
IPX Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Sales via Power Purchase Agreements: IPX Power generates revenue by selling electricity to utilities and other customers through long-term power purchase agreements (PPAs). The company develops, owns, and operates utility-scale solar and battery storage assets, selling the generated electricity and storage capacity under contractual offtake arrangements.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
IPX Power product offering
Product offeringCore offering
IPX Power develops, owns, and operates utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) assets, including some of the largest battery storage systems in the world. The company generates and sells electricity, along with storage capacity, to utilities, community choice aggregators, large corporate buyers, and energy service providers through long-term power purchase agreements (PPAs). Its current portfolio spans 4.4 GW of solar PV and 8.8 GWh of battery storage across California and Texas, with a multi-gigawatt development pipeline.
Product overview
IPX Power operates as an independent power producer offering utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) assets. The company owns and operates a portfolio of seven named projects: four operational assets (Lumina, Oberon, Radian, and Athos III) and three projects under construction (Darden, Easley, and Aramis). Collectively, the portfolio comprises 4.4 GW of solar PV capacity and 8.8 GWh of battery storage across California and Texas, with an additional multi-gigawatt development pipeline. The company delivers clean power to utilities, community choice aggregators, large corporate buyers, and energy service providers.
Differentiator
Problem solved
Functional benefit
Products and services
- Darden A large-scale solar and battery storage project under construction in western Fresno County, California, on retired agricultural lands, expected to generate up to 1.15 GWac/1.6 GWp of solar power with 4.6 GWh of battery storage. Targeted for commercial operation in 2028.
- Easley A renewable energy project under construction in Riverside County, California, expected to generate up to 290 MWac/406 MWp of solar power with 1.4 GWh of battery storage.
- Aramis A solar energy generation and storage project under construction in Alameda County, California, expected to generate up to 100 MWac/105 MWp of solar power with 400 MWh of battery storage.
- Lumina An operational solar plus storage facility in Scurry County, Texas, generating 640 MWac/828 MWp of solar power with 640 MWh of battery storage, capable of powering more than 243,000 homes annually.
- Oberon An operational solar plus storage facility in Riverside County, California, generating 500 MWac/684 MWp of solar power with 1 GWh of co-located battery storage, capable of powering over 207,000 homes annually.
- Radian An operational solar plus storage facility in Brown County, Texas, generating 320 MWac/415 MWp of solar power with 320 MWh of battery storage, capable of powering more than 114,000 homes annually.
- Athos III An operational solar plus storage facility in Riverside County, California, generating 224 MWac/310 MWp of solar power with 448 MWh of battery storage, capable of powering 94,000 homes annually.
Quantifiable outcome
- Powers over 243,000 homes annually (Lumina project)
- +3 more outcomes
Companies that use IPX Power
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
IPX Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
IPX Power partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights6 records
IPX Power competitors and assessment
Company assessmentBroad incumbents
- NextEra Energy Resources: Largest U.S. renewable energy IPP with the country's biggest wind and solar portfolio. Operates utility-scale solar and storage projects selling via PPAs to utilities and corporates, directly comparable to IPX's business model and customer segments.
- EDF Renewables: Major subsidiary of EDF Group developing, owning, and operating utility-scale solar, wind, and storage projects across North America. Overlaps with IPX on utility-scale solar+storage IPP model, particularly in California and Texas markets.
- Engie North America: Renewables-focused subsidiary of Engie with utility-scale solar, wind, and storage operations in the U.S. including projects in California and Texas. Comparable to IPX on utility-scale renewable IPP model and corporate/utility PPA customer base.
- AES Corporation: Global power producer with significant utility-scale solar and battery storage portfolio in the U.S., including large BESS deployments. Overlaps with IPX on grid-scale solar+storage IPP model and PJM/CAISO/ERCOT market exposure.
Direct peers
- Pattern Energy Group: Utility-scale renewable energy developer and operator with a multi-GW portfolio across solar, wind, and storage in North America. IPX's COO previously served as VP of Global Operations at Pattern Energy, and both companies operate the same utility-scale solar+storage IPP business model with similar offtake structures.
- Lightsource bp: Global utility-scale solar developer and operator with significant U.S. portfolio of solar and storage projects selling via corporate and utility PPAs. Comparable on project development scale, IPP ownership model, and hyperscaler/corporate offtake relationships.
- Invenergy: Privately-held U.S. developer, owner, and operator of utility-scale renewable energy and storage assets with multi-GW development pipelines. Highly comparable to IPX on solar+storage IPP model, capital-intensive project financing approach, and large-scale project execution capability.
- Cypress Creek Renewables: Developer, owner, and operator of utility-scale and distributed solar plus storage projects across the U.S. with a sizable development pipeline. Comparable to IPX on solar+storage project development, IPP ownership model, and long-term PPA monetization.
- Clearway Energy Group: Owns and operates one of the largest renewable energy portfolios in the U.S. with significant utility-scale solar and battery storage assets selling via PPAs. IPX's COO previously led operations on 12+ GW of assets at Clearway, making it a strong comparable on operations, asset management, and IPP business model.
- Avantus (formerly 8minute Solar Energy): Developer of utility-scale solar PV and battery storage projects across the U.S. Southwest, including California. Direct peer to IPX on solar+storage project development pipeline in California and IPP business model selling to CCAs and utilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
IPX Power social profiles
Digital presenceIPX Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
IPX Power leadership team
Management profileNumber of profiles
Profiles5 records
IPX Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IPX 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 IPX Power
What does IPX Power do?
IPX Power develops, owns, and operates utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) assets, including some of the largest battery storage systems in the world. The company generates and sells electricity, along with storage capacity, to utilities, community choice aggregators, large corporate buyers, and energy service providers through long-term power purchase agreements (PPAs). Its current portfolio spans 4.4 GW of solar PV and 8.8 GWh of battery storage across California and Texas, with a multi-gigawatt development pipeline.
Is IPX Power a public or private company?
IPX Power is a private company. It is classified as private equity controlled and is currently operating.
When was IPX Power founded?
IPX Power was founded in 2026. It employs 51 to 100 people.
Where is IPX Power based?
IPX Power is headquartered in Beaverton, United States, in the North America region.
How does IPX Power make money?
One revenue line is on record: electricity Sales via Power Purchase Agreements.
Who are IPX Power's main competitors?
Broad incumbents on record are NextEra Energy Resources, EDF Renewables, Engie North America and AES Corporation. Direct peers are Pattern Energy Group, Lightsource bp, Invenergy, Cypress Creek Renewables, Clearway Energy Group and Avantus (formerly 8minute Solar Energy).
Does IPX Power have an API?
No public API is recorded for IPX Power.
What industry is IPX Power in?
IPX Power's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer). Its NAICS code is 221114 and its SIC code is 4911.