Competitive Power Ventures
Competitive Power Ventures develops, finances, constructs, owns, and operates electric generation assets including natural gas combined-cycle, wind, and solar projects across PJM, NYISO, and ERCOT, serving wholesale markets and commercial-industrial customers through retail energy supply and long-term PPAs.
- Company typePrivate
- Founded1999
- HeadquartersSilver Spring, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Competitive Power Ventures does
Competitive Power Ventures (CPV), founded in 1999 and headquartered in Silver Spring, Maryland, is a US-based developer, financier, constructor, owner, and operator of electric generation assets operating as CPV Group LP, a partnership majority owned by Israel's OPC Energy Ltd. since January 2021. CPV runs three business segments: CPV Renewable Power (utility-scale wind, solar, and co-located battery storage), CPV Low Carbon Generation (highly efficient natural gas combined-cycle facilities designed to be carbon-capture ready), and CPV Retail Energy (retail electricity supply to commercial and industrial customers in PJM markets, launched January 2023). The company has brought approximately 6.8 GW of generation online since 2010 and maintains a development pipeline exceeding 10 GW spanning PJM Interconnection, NYISO, and ERCOT.
CPV's technology stack relies on best-in-class OEM equipment and proprietary brownfield redevelopment expertise. Operating plants include GE 7HA.02 and 7F.05 turbine installations (Three Rivers, Fairview, Towantic, St. Charles, Woodbridge) and Siemens F-class facilities (Valley). Renewable assets use Vestas V-162 wind turbines (Rogue's Wind), bi-facial solar panels with single-axis tracking (Maple Hill's 237,000 panels, Backbone, Stagecoach), and battery storage. The firm specializes in repurposing former coal mining sites into renewable energy facilities, including Maryland's largest solar project (Backbone, up to 175 MW), Pennsylvania's largest (Maple Hill, 127 MWdc), and Rogue's Wind (114 MW). CPV Shay Energy Center is a 2,100 MW carbon-capture-ready combined-cycle plant under development in West Virginia.
Revenue is generated through multiple streams: wholesale capacity, energy, and ancillary service sales into PJM, NYISO, and ERCOT; long-term power purchase agreements and 10-year gas netback agreements with counterparties such as EQT Corporation (for Shay) and Hydro (for Maple Hill); retail electricity supply to C&I customers via the ArcTrade platform; and third-party asset management services. Long-term commercial structures with global financial partners — including Harrison Street, GE Energy Financial Services, Osaka Gas USA, Axium Infrastructure, Marubeni, Toyota Tsusho, Concord Infrastructure, Deutsche Bank, Nomura, and U.S. Bank — enable the capital-intensive project finance model that underpins CPV's growth.
Competitive Power Ventures firmographics
Firmographics- Name
- Competitive Power Ventures
- Legal name
- Competitive Power Ventures, Inc.
- Website
- https://cpvkeenan2.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Short description
- Competitive Power Ventures develops, finances, constructs, owns, and operates electric generation assets including natural gas combined-cycle, wind, and solar projects across PJM, NYISO, and ERCOT, serving wholesale markets and commercial-industrial customers through retail energy supply and long-term PPAs.
- Ownership category
- akta.pro rank
Competitive Power Ventures industry classification
Industry- Product category
- Independent Power Generation
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Fossil Fuel Electric Power Generation (221112)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
- akta.pro secondary industries
- Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC)
Keywords
Where Competitive Power Ventures is headquartered
LocationHeadquarters
- HQ city
- Silver Spring
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Competitive Power Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Wholesale Power Sales: CPV sells capacity, energy, and ancillary services into wholesale electricity markets including PJM, NYISO, and ERCOT through its operating generation assets.
- Retail Electricity Supply: CPV Retail Energy provides retail electric services to commercial and industrial customers in PJM states, offering customized pricing plans including 100% renewable options to help businesses meet ESG goals.
- Asset Management Services: CPV's Asset Management division manages fossil and renewable generating facilities for owner groups, providing operational oversight and optimization services.
- Project Development and Monetization: CPV develops power generation projects from concept through construction and monetization, having successfully developed or monetized 20+ projects totaling significant generation capacity.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Competitive Power Ventures product offering
Product offeringCore offering
CPV develops, finances, constructs, owns, and operates utility-scale electric generation projects in the United States, including highly efficient natural gas combined-cycle power plants (using GE and Siemens turbine technology) and renewable energy facilities (utility-scale wind and solar). The company sells capacity, energy, and ancillary services into wholesale markets (PJM, NYISO, ERCOT), supplies retail electricity to commercial and industrial customers through its CPV Retail Energy platform, and provides asset management and project development/monetization services for third-party owners.
Product overview
Competitive Power Ventures operates as an integrated energy company offering both wholesale power generation and retail energy supply. The company's portfolio includes utility-scale natural gas combined-cycle facilities (such as CPV Fairview, CPV Valley, CPV Towantic, CPV St. Charles, CPV Woodbridge, and CPV Three Rivers), renewable generation assets (wind farms including Keenan II, Mountain Wind, Rogue's Wind, and solar facilities such as Maple Hill, Stagecoach, and Backbone), and the CPV Retail Energy platform providing direct energy supply services to commercial and industrial customers in PJM markets. The company also develops new projects including the CPV Shay Energy Center with carbon capture capability and CPV Basin Ranch.
Differentiator
Problem solved
Functional benefit
Products and services
- CPV Retail Energy Retail electricity supply platform that provides PJM commercial and industrial customers with direct access to CPV's owned generation fleet, including renewable and dispatchable low carbon energy solutions. Built on ArcTrade end-to-end technology with EDI, pricing engine, energy trading, load forecasting, ISO settlement, billing, and CRM. Helps businesses meet ESG and sustainability goals with customized pricing plans including 100% renewable options.
- Wholesale Power Generation Services Wholesale sale of capacity, energy, and ancillary services into organized electricity markets (PJM, NYISO, ERCOT) from CPV's owned and operated natural gas combined-cycle and renewable generation fleet, including CPV Three Rivers, CPV Valley, CPV St. Charles, CPV Fairview, CPV Towantic, CPV Woodbridge, CPV Shay, and CPV Basin Ranch.
- Asset Management Services Third-party asset management and operational oversight of fossil and renewable power generation facilities for owner groups, including day-to-day operations, optimization, and maintenance oversight. Examples include EthosEnergy operating CPV St. Charles under management contract and CAMS operating CPV Three Rivers.
- Project Development and Monetization Services End-to-end development of power generation projects from concept through construction and monetization, leveraging CPV's 25+ years of development expertise, financial partner relationships, and EPC contractor network. CPV has successfully developed or monetized 20 projects totaling 11.9 GW of natural gas-fired and renewable generation assets.
Quantifiable outcome
- 6.8 GW of generation added since 2010
- +3 more outcomes
Companies that use Competitive Power Ventures
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
Competitive Power Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Competitive Power Ventures partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core and strategic.
- EQT CorporationcoreEQT Corporation executed a 10-year power netback gas sale agreement for CPV Shay Energy Center (2,100 MW). EQT will cover the entirety of CPV Shay's anticipated natural gas burn of over 100 BCF per year when the plant enters commercial operation.
- Marathon CapitalstrategicCPV retained Marathon Capital to help engage corporate customers seeking innovative, efficient approaches for achieving sustainability goals. Marathon Capital syncs CPV with corporate partners who have aggressive timelines for sustainability commitments.
- GE VernovacoreGE Vernova provides turbine technology for CPV projects including 7HA.02 turbines for Three Rivers Energy Center and other HA-powered projects. CPV has developed multiple GE turbine projects totaling significant MW capacity.
- Kiewit Power Constructors Co.coreKiewit served as EPC contractor for CPV Three Rivers Energy Center, completing construction over 34 months with up to 900 skilled workers on site daily and over 2.7 million manhours with zero-time-lost safety record.
- Gemma Power SystemscoreGemma Power Systems serves as EPC contractor for CPV solar projects including Maple Hill Solar (127 MWdc) and Basin Ranch Energy Center, constructed on former coal mine sites.
- Vanguard Energy PartnerscoreVanguard Energy Partners constructed CPV Stagecoach Solar (80 MWac) in Macon County, Georgia and manages day-to-day operations of the facility.
- ArcTradestrategicArcTrade serves as end-to-end technology platform for CPV Retail Energy, facilitating retail sales to industrial and commercial customers within PJM market states. Platform includes EDI transactions, pricing engine, energy trading, and customer management.
- Belltown Power USA DevelopmentstrategicCPV acquired 460 MW of solar projects from Belltown Power including Prairie Dock Solar (360 MW in Illinois) and Stonecrop Solar (100 MW in Kentucky), expanding renewable footprint.
- Patriot RenewablesstrategicCPV acquired four operating wind farms (81.5 MW) from Patriot Renewables in Maine including Canton Mountain Wind, Saddleback Ridge Wind, Spruce Mountain Wind, and Beaver Ridge Wind.
- SNC Lavalin Constructors Inc.coreSNC Lavalin served as construction contractor for CPV St. Charles Energy Center, completing 725 MW facility in Maryland 30 months ahead of schedule.
- EthosEnergy Power Plant ServicesstrategicEthosEnergy operates CPV St. Charles Energy Center under management contract for the project owners.
- Siemens EnergycoreSiemens provided F-class gas turbine technology for CPV Valley Energy Center (680 MW). Siemens technology is described as a global leader in efficiency, reliability, and emission reductions.
- Skanska USA Civil NortheastcorePart of joint venture for CPV Valley Energy Center construction with Burns & McDonnell Engineering and ECCO III Enterprises.
- Burns & McDonnell Engineering CompanycorePart of joint venture for CPV Valley Energy Center construction with Skanska and ECCO III Enterprises.
- ECCO III EnterprisescorePart of joint venture for CPV Valley Energy Center construction with Skanska and Burns & McDonnell.
- Marathon CapitalstrategicMarathon Capital served as advisor for CPV Rogue's Wind tax equity financing with U.S. Bank, emphasizing project quality and CPV's role in developing utility-scale renewable projects.
- White ConstructioncoreWhite Construction served as general contractor for CPV Rogue's Wind, utilizing local contractors for the 114 MW wind project built on former coal mine land.
- Logisticus GroupstrategicLogisticus Group handled transport of 19 Vestas V-162 wind turbines for CPV Rogue's Wind, traveling more than 260 miles from port to site in Pennsylvania.
- VestascoreVestas supplied 19 V-162 wind turbines for CPV Rogue's Wind project, each turbine contributing to the 114 MW capacity wind farm on former coal mine land.
- Consolidated Asset Management Services (CAMS)coreCAMS operates CPV Three Rivers Energy Center. The company provides day-to-day asset management and operational services for the 1,250 MW facility.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
Competitive Power Ventures competitors and assessment
Company assessmentDirect peers
- Lightsource bp: Global utility-scale solar developer active in the US with project development, financing, and asset ownership capabilities analogous to CPV's solar-focused renewable business.
- Invenergy: Privately held US independent power developer and operator of utility-scale wind, solar, and storage projects with a sizable dispatchable and renewable pipeline, directly comparable to CPV's vertically integrated IPP model.
- ENGIE North America: Develops, owns, and operates utility-scale renewables and gas-fired generation across the US, with comparable multi-ISO footprint, project finance capability, and corporate PPA activity.
- Vistra Corp: Large US IPP with multi-GW gas, nuclear, coal, and solar generation plus retail energy operations (TXU/ Dynegy) — directly comparable to CPV across both wholesale generation and retail energy.
- NRG Energy: US power generation and retail electricity provider operating across multiple ISOs including PJM and ERCOT, with a comparable mix of dispatchable generation and retail/C&I customer business.
- Calpine Corporation: Largest US fleet of natural gas combined-cycle and geothermal generation; very comparable to CPV's gas-centric, multi-ISO IPP business model.
- EDP Renewables North America: Developer and operator of utility-scale wind and solar projects across multiple US states, with comparable project development, project finance, and asset management capabilities to CPV Renewables.
- Leeward Renewable Energy: US-focused developer, owner, and operator of wind, solar, and battery storage projects with comparable project finance and PPA-driven business model.
Broad incumbents
- NextEra Energy Resources: Largest US renewable energy generator and a major developer of wind and solar plus storage assets, operating across many of the same ISOs as CPV with substantially larger scale.
Emerging players
- Avantus (formerly 8minute Solar Energy): US utility-scale solar developer with late-stage development pipeline and PPA capabilities, partially overlapping with CPV's solar project development focus.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Competitive Power Ventures social profiles
Digital presenceCompetitive Power Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Competitive Power Ventures leadership team
Management profileNumber of profiles
Profiles11 records
Competitive Power Ventures subsidiaries and ownership
Company hierarchySubsidiaries13 records
Competitive Power Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Competitive Power Ventures 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 Competitive Power Ventures
What does Competitive Power Ventures do?
CPV develops, finances, constructs, owns, and operates utility-scale electric generation projects in the United States, including highly efficient natural gas combined-cycle power plants (using GE and Siemens turbine technology) and renewable energy facilities (utility-scale wind and solar). The company sells capacity, energy, and ancillary services into wholesale markets (PJM, NYISO, ERCOT), supplies retail electricity to commercial and industrial customers through its CPV Retail Energy platform, and provides asset management and project development/monetization services for third-party owners.
Is Competitive Power Ventures a public or private company?
Competitive Power Ventures is a private company. It is classified as corporate owned and is currently operating.
When was Competitive Power Ventures founded?
Competitive Power Ventures was founded in 1999.
Where is Competitive Power Ventures based?
Competitive Power Ventures is headquartered in Silver Spring, United States, in the North America region.
How does Competitive Power Ventures make money?
Four revenue lines are on record. Wholesale Power Sales are the primary driver. The others are retail Electricity Supply, asset Management Services and project Development and Monetization.
Who are Competitive Power Ventures's main competitors?
Direct peers on record are Lightsource bp, Invenergy, ENGIE North America, Vistra Corp, NRG Energy, Calpine Corporation, EDP Renewables North America and Leeward Renewable Energy. NextEra Energy Resources is listed as a broad incumbent. Avantus (formerly 8minute Solar Energy) is listed as an emerging player.
Does Competitive Power Ventures have an API?
No public API is recorded for Competitive Power Ventures.
What industry is Competitive Power Ventures in?
Competitive Power Ventures's product category is Independent Power Generation. Its primary akta.pro industry code is EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence), with a secondary code of EUAMAAAD, Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds). Its NAICS code is 221114 and its SIC code is 4991.