by Invenergy
Over the next ten years, United States electricity demand is expected to grow 20-40%, a rate not seen in more than 20 years. To meet that demand, Invenergy is sharpening its focus on investment opportunities that can deliver reliable, affordable power for customers.
“At a time of unprecedented energy demand, Invenergy is focused on delivering reliable, affordable energy for our customers and supporting disciplined investment at scale. That is why Invenergy, with our affiliates and on behalf of our various stakeholders, will deploy additional capital into projects that can be delivered on a commercially reasonable timeline and meet customer demand while continuing to evaluate opportunities as market conditions evolve,” said Daniel Runyan, Invenergy’s Senior Vice President for Development.
Invenergy will conclude its four offshore wind leases, receive a partial refund of capital previously paid to the government and deploy capital into additional domestic natural gas-fired projects in a multitude of states including Indiana, Wisconsin, Iowa, Kansas, and Missouri and geothermal power generation projects in the Western U.S. The approach will bring more megawatts to the grid and advance projects that can move forward today. These projects are expected to create hundreds of American jobs, reinforce grid reliability, and strengthen energy security on an accelerated timeline.
As an American company that has developed more than 225 projects representing 38 gigawatts of power infrastructure, while also operating more than 25 gigawatts today, Invenergy brings a proven record of energy innovation and trusted execution. The company will continue to evaluate opportunities as market conditions evolve, with a focus on advancing projects that can deliver reliable, affordable power to customers.
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