NRG Energy Completes Acquisition of 13 GW Power Portfolio from LS Power

The transaction strengthens NRG's platform to deliver reliable and affordable energy solutions.

Jan. 30, 2026 at 1:15pm

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NRG Energy, Inc. has completed the acquisition of a portfolio of generation assets and CPower from LS Power. The transaction includes 18 natural-gas-fired generation facilities totaling approximately 13 GW of capacity, along with CPower's commercial and industrial virtual power plant (C&I VPP) platform. Together, the assets double NRG's generation fleet, enabling the company to better provide affordability and grid reliability across its core markets.

Why it matters

The acquisition allows NRG to expand its power generation capabilities and offer a broader range of affordable and resilient energy solutions to its growing customer base of residential, commercial, and large load clients. This strengthens NRG's position as a leading provider of electricity, natural gas, and smart home solutions in North America.

The details

The transaction includes 18 natural-gas-fired generation facilities totaling approximately 13 GW of capacity, along with CPower's commercial and industrial virtual power plant (C&I VPP) platform. This combination further strengthens NRG's ability to serve customers with dependable power and innovative energy solutions.

  • NRG Energy completed the acquisition on January 30, 2026.

The players

NRG Energy, Inc.

A leading provider of electricity, natural gas, and smart home solutions to eight million customers across North America.

LS Power

An energy infrastructure and power generation company that sold a portfolio of generation assets and CPower to NRG Energy.

Larry Coben

The Chair & Chief Executive Officer of NRG Energy.

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What they’re saying

“Today, we are doubling down on power generation to respond to the incredible power demand supercycle. This transaction builds on our leading platform and enables NRG to offer an ever-broader range of affordable, resilient solutions for customers of all sizes, from data centers to households. We are putting scale and reliability to work to deliver for the eight million customers we serve every day.”

— Larry Coben, Chair & Chief Executive Officer, NRG Energy

What’s next

The acquisition is expected to strengthen NRG's position as a leading provider of electricity, natural gas, and smart home solutions in North America, allowing the company to better serve its growing customer base with affordable and reliable energy solutions.

The takeaway

NRG's acquisition of a 13 GW power generation portfolio and C&I VPP platform from LS Power demonstrates the company's commitment to expanding its capabilities and offerings to meet the increasing demand for reliable and affordable energy solutions across residential, commercial, and industrial sectors.